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Reuters

Dec 1, 2022, 5:25 AM

Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears

Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.

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  Reuters | Dec 1, 2022

  Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report

  Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.

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  Reuters | Dec 1, 2022

  India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump

  Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

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  Reuters | Dec 1, 2022

  Chipmaker Qualcomm Says Automotive Future Business Expands To $30 Billion

  Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.

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  Reuters | Dec 1, 2022

  Canadian Pension Fund OTPP To Buy 30% Stake In India's Mahindra Renewables Assets

  Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.

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  Reuters | Dec 1, 2022

  Indian Ride-Hailing Firm Ola To Cut 10% Engineering Jobs

  India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.

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  Reuters | Dec 1, 2022

  India Slashes Taxes On Aviation Fuel Exports, Domestic Crude Oil

  Indian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said.

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  Reuters | Dec 1, 2022

  Oil Prices Up After Basra Spill, But Log Weekly Decline

  Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

  3 mins read
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  Reuters | Dec 1, 2022

  Putin Tells Europe: If You Want Gas Then Open Nord Stream 2

  President Vladimir Putin denied Russia had anything to do with Europe's energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.

  1 min read