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Reuters

Dec 24, 2022, 11:40 PM

Russian Oil Sold To India Below Price Cap In Buyers' Market

The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

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  Reuters | Dec 24, 2022

  India May Split Planned Mega Refinery To Various Sites - Report

  Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.

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  Reuters | Dec 24, 2022

  Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap

  Moscow has repeatedly said it will not sell oil to countries that comply with the cap

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  Reuters | Dec 24, 2022

  Tesla To Start Mass Production Of The Cybertruck At The End Of 2023

  Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

  3 mins read
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  Reuters | Dec 24, 2022

  Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

  Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

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  Reuters | Dec 24, 2022

  Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion

  Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.

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  Reuters | Dec 24, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

  1 min read
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  Reuters | Dec 24, 2022

  Oil Slumps By Over $2/bbl, Dogged By Recession Fears

  Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.

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  Reuters | Dec 24, 2022

  Electric Vehicles Confront The Leap To The Mass Market

  The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.

  3 mins read