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Dec 24, 2022, 9:00 PM

STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material

Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.

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  Reuters | Dec 24, 2022

  U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap

  The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

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  Reuters | Dec 24, 2022

  Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands

  Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.

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  Reuters | Dec 24, 2022

  Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains

  Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

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  Reuters | Dec 24, 2022

  OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - Report

  The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.

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  Reuters | Dec 24, 2022

  Factbox - Western Governments Struggle To Agree On Russian Oil Price Cap

  Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

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  Reuters | Dec 24, 2022

  Uber, Aurora To Expand Self-Driving Truck Ops In Texas To Meet Holiday Rush

  Uber and Aurora Innovation will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays.

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  Reuters | Dec 24, 2022

  India To Continue Buying Russian Oil, Ministry Source Says

  India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used.

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  Reuters | Dec 24, 2022

  Reliance Makes Rare Buy Of Russian Naphtha, Ups Fuel Oil Imports

  Reliance Industries is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports.

  2 mins read