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Reuters

Dec 31, 2022, 4:19 PM

India Cuts Windfall Tax On Crude, Aviation Fuel

It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday

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  Reuters | Dec 31, 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 31, 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.

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  Reuters | Dec 31, 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 31, 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 31, 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.

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  Reuters | Dec 31, 2022

  India Preparing To Launch 20% Ethanol With Gasoline - Report

  India currently mixes 10% ethanol with gasoline

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  Reuters | Dec 31, 2022

  India To Remain Top Buyer Of Russia's Urals Crude In Dec - Report

  In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record.

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  Reuters | Dec 31, 2022

  India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary

  Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.

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