Latest News

Europe Rushes To Fill Up On Russian Diesel Before Ban Begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.

Oil Rebounds From Early Plunge After Saudis Deny OPEC+ Output Report
Nov 30, 2022 09:59 PM
Oil prices rebounded from early losses after Saudi Arabia denied a report it was discussing an increase in oil supply with OPEC and its allies.

Global Stocks, Oil Prices Slip As Rising COVID Cases Prompt Chinese Lockdowns
Nov 30, 2022 09:59 PM
Global stocks and oil prices slipped as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities to reinstate lockdowns.

Oil Rises 1% As OPEC+ Focus On Supply Cuts Outweighs Recession Concerns
Nov 30, 2022 09:59 PM
Oil prices rose about 1% after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.

Indian Refiners Becoming Wary Of Buying Russian Oil As EU Sanctions Loom - Report
Nov 30, 2022 09:58 PM
Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism.

India's October Fuel Demand Rises On Festive Season Boost
Nov 30, 2022 09:58 PM
India's fuel consumption rose to its highest in four months in the festival month of October.

Foxconn To Become Biggest Shareholder In Lordstown Motors With Up To $170 Million Investment
Nov 30, 2022 09:58 PM
Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the EV maker.

Uber-Rival Beat Withdraws From Latin America
Nov 30, 2022 09:58 PM
Ride-sharing app Beat is withdrawing from Latin America to focus on its European operations.

Bosch CEO Sees Inflation Weighing On Margins But Could Ease Chip Shortage
Nov 30, 2022 09:57 PM
Bosch sees a possible easing of the global chip shortage in the second half of 2023 if demand dips under the weight of inflation.
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