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Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia.

Foxconn's shares rose 3% after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.

Tavares expects the semiconductor supply chain to remain tight until the end of next year.

Oil prices moderated very slightly after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.

Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.