Latest News

Oil Up $2/bbl On Supply Risks Amid Ongoing Keystone Outage
Brent crude futures settled at $77.99 a barrel, gaining $1.89 or 2.5%. U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%.

Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: Report
Dec 19, 2022 11:46 PM
A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus Strait or when calling at Turkish ports.

Turkey Oil Tanker Logjam Snarls Russia Oil Sanctions
Dec 19, 2022 11:43 PM
A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said.

Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug Power
Dec 19, 2022 11:34 PM
Electric vehicle (EV) makers are looking to capitalize on tax incentives provided by the U.S. Inflation Reduction Act (IRA) to lower costs of adopting EVs for commercial purposes.

Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On Offer
Dec 19, 2022 11:32 PM
Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.

Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against Wealthy
Dec 19, 2022 11:28 PM
Milton told U.S. District Judge Edgardo Ramos in court papers that the juror's Twitter and Facebook pages were "riddled with attacks on wealthy executives"

Faraday Future Slides On Signaling Need For Funds To Start Production
Dec 19, 2022 11:22 PM
The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.

BMW Motorrad India Headed For Record Year In Sales
Dec 19, 2022 11:35 PM
Speaking to carandbike, Markus Mueller-Zambre, Head of Region (Asia, China, Pacific & Africa), BMW Motorrad shared that BMW Motorrad India is heading for a record year in sales for 2022, expected to clock sales of around 7,000 units by the end of the calendar year.

Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel
Dec 19, 2022 11:14 PM
The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following a probe.
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