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Reuters

Dec 24, 2022, 11:43 PM

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%.

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  Reuters | Dec 24, 2022

  Oil Tankers Waiting To Pass Through Istanbul Strait Fall To 13: Report

  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.

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  Reuters | Dec 24, 2022

  Turkey Oil Tanker Logjam Snarls Russia Oil Sanctions

  A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said.

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  Reuters | Dec 24, 2022

  Nikola To Sell Up To 75 Hydrogen-Powered Trucks To Plug Power

  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.

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  Reuters | Dec 24, 2022

  Indian Luxury Car Dealer Landmark IPO Oversubscribed By Threefold Shares On Offer

  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.

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  Reuters | Dec 24, 2022

  Nikola Founder Seeks New Trial, Says Juror Concealed Bias Against Wealthy

  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"

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  Reuters | Dec 24, 2022

  Faraday Future Slides On Signaling Need For Funds To Start Production

  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.

  1 min read
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  Reuters | Dec 24, 2022

  Self-Driving Trucking Firm TuSimple Appoints CFO, Reconstitutes Audit Panel

  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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  Reuters | Dec 24, 2022

  Tesla Plans To Announce Mexico EV Plant Soon - Report

  The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico a report said.

  1 min read