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Reuters

Dec 1, 2022, 1:50 AM

Oil Drops On Druzhba Pipeline News And U.S. Inflation Expectations

Oil prices edged lower on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators.

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  Reuters | Dec 1, 2022

  Oil Slips Amid Chance Of Iran Nuclear Deal Supply Boost

  Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market.

  2 mins read
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  Reuters | Dec 1, 2022

  China Drafts Rules On Use Of Self-Driving vehicles For Public Transport

  China should adopt autonomous vehicles in passenger transport with care, the country's Ministry of Transportation said in drafted rules to regulate the self-driving industry.

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  Reuters | Dec 1, 2022

  Baidu CEO Says EV Arm's Autonomous Driving Tech Will Be Ahead Of Tesla

  Baidu's electric vehicle (EV) firm Jidu Auto will be one-generation ahead of Tesla in terms of autonomous driving technologies, Baidu chief executive Robin Li said in a statement.

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  Reuters | Dec 1, 2022

  Chip And Carmaker CEOs Meet Ahead Of Biden Signing

  On Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China.

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  Reuters | Dec 1, 2022

  Big Oil Offers Big Returns But Keeps Spending Tight

  The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

  3 mins read
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  Reuters | Dec 1, 2022

  Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries

  Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns

  Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.

  2 mins read
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  Reuters | Dec 1, 2022

  Russian Crude Prices Recover On Strong India, China Demand

  Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.

  3 mins read