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Reuters

Dec 1, 2022, 1:43 AM

OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report

OPEC+ sees this year's oil market as slightly less supplied than previously thought.

1 Min

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  Reuters | Dec 1, 2022

  Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears

  Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

  2 mins read
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  Reuters | Dec 1, 2022

  Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks

  Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Prices End Week On Multi-Month Lows On Recession Fears

  Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Prices Rise From Multi-Month Lows On Supply Concerns

  Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.

  2 mins read
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  Reuters | Dec 1, 2022

  Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources

  Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Falls To Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

  Oil prices slid about 4% to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ said it would raise its oil output target by 100,000 barrels per day (bpd).

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Prices Rebound On Supply Concerns After Drop To Near 6-Month Low

  Oil prices rose as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.

  2 mins read
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  Reuters | Dec 1, 2022

  GM Doubles Miles Open To Its Super Cruise Technology

  GM said owners of certain vehicles equipped with its Super Cruise assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads.

  2 mins read