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Reuters

Dec 1, 2022, 5:21 AM

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.

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  Reuters | Dec 1, 2022

  Lower Oil Prices Defy Robust Forecasts For Global Demand

  Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.

  5 mins read
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  Reuters | Dec 1, 2022

  Car Electrification Unlikely To Erase Market For Ethanol, Says Producer

  The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world's largest producers of the biofuel.

  1 min read
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  Reuters | Dec 1, 2022

  Tesla Is Sued By Drivers Over Alleged False Autopilot, Full Self-Driving Claims

  Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

  2 mins read
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  Reuters | Dec 1, 2022

  Dutch Students Devise Carbon-Eating Electric Vehicle

  The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits.

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  Reuters | Dec 1, 2022

  Taiwan President Warns Of 'Volatile' Challenges Facing Chip Industry

  Taiwan's President Tsai Ing-wen warned the semiconductor industry faces new and "volatile" challenges, but said her government will work with the sector to overcome them.

  1 min read
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  Reuters | Dec 1, 2022

  Uber Asks Its India Drivers To Ensure Rear Seatbelts In Their Cars Work

  Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.

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  Reuters | Dec 1, 2022

  Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data

  Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week.

  2 mins read
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  Reuters | Dec 1, 2022

  Upset By High Prices, GM's Cruise Develops Its Own Chips For Self-Driving Cars

  General Motors' autonomous driving unit Cruise has developed its own chips for self-driving cars to be deployed by 2025, as they aim to bring down costs and scale up volume, executives said.

  2 mins read