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Reuters
Dec 31, 2022, 5:24 PM
Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.
2 Min
Reuters | Dec 31, 2022Electric Vehicles Confront The Leap To The Mass MarketThe automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.3 mins read
Reuters | Dec 31, 2022Taiwan To Fine Foxconn For Unauthorised China InvestmentTaiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.2 mins read
Reuters | Dec 31, 2022STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor MaterialSoitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.1 min read
Reuters | Dec 31, 2022U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price CapThe Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.2 mins read
Reuters | Dec 31, 2022Tesla Launches EVs In Thailand Amid Competition From Cheaper BrandsTesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.1 min read
Reuters | Dec 31, 2022Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit GainsOil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.2 mins read
Reuters | Dec 31, 2022OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - ReportThe OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.2 mins read
Reuters | Dec 31, 2022Factbox - Western Governments Struggle To Agree On Russian Oil Price CapWestern governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.3 mins read
