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Oil Rises $3/bbl After Russia Signals Output Cut Due To Price Cap

Dec 30, 2022, 11:10 PM

Oil Rises $3/bbl After Russia Signals Output Cut Due To Price Cap

Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying.

2 Min

Reuters | Dec 30, 2022
Ford Adds Work Crew At Michigan Plant As It Boosts Output Of EV Pickup
The U.S. automaker said it added 250 jobs in November at its Rouge plant in Dearborn, Michigan, as a result of the additional crew.
1 min read
Reuters | Dec 30, 2022
Oil Drops On China Uncertainty; U.S. Demand Limits Decline
Both oil contracts dipped more than 2% early in Thursday's session, but pared losses as the U.S. dollar slipped, with investors on edge about interest rate hikes.
2 mins read
Reuters | Dec 30, 2022
Elon Musk's Team Seeks New Funding For Twitter - Investor
Twitter has seen advertisers flee amid worries about Musk's approach to policing tweets, hitting revenues and its ability to pay interest on the $13 billion debt that Musk took on to buy the social media company.
1 min read
Reuters | Dec 30, 2022
Baidu, Pony.ai Start Driverless Robotaxi Tests In Beijing
Baidu and Pony.ai said they would begin testing 10 driverless vehicles each in a technology park developed by the Beijing government as a step towards commercial robotaxi services in China’s capital.
2 mins read
Reuters | Dec 30, 2022
Elon Musk Launches Poll Asking If He Should Quit As Twitter CEO
Musk had told a Delaware court last month that he would reduce his time at Twitter and eventually find a new leader to run the company.
3 mins read
Reuters | Dec 30, 2022
Musk To Step Down As Twitter CEO Once He Finds 'Someone Foolish' Enough As Successor
Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automaker Tesla
2 mins read
Reuters | Dec 30, 2022
Biden To Visit Taiwanese Chip Manufacturer TSMC's Arizona Plant
TSMC, Asia's most valuable listed company, has said it was building on a site for a potential second plant in Arizona. The company began construction in mid-2021.
2 mins read
Reuters | Dec 30, 2022
Honda To Begin Selling Mini-Commercial Electric Vans In Spring 2024
Honda's electric van has a target cruising range of 200km (125 miles) and is seeking to set the price at around 1 million yen ($7,270).
1 min read

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Reuters | Nov 5, 2021
Toyota Boosts Profit Outlook On Weaker Yen, But Warns Of Production Risks
Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.
1 min read
Reuters | Nov 5, 2021
Honda Lowers Profit Outlook 15 Per Cent Amid Chip Shortage
Honda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.
1 min read
Seshan Vijayraghvan | Nov 4, 2021
Ashok Leyland Launches Ultra Low Floor CNG Buses; Delivers First Batch To Indigo Airlines
Home-grown commercial vehicle manufacturer, Ashok Leyland, has announced the launch of its new 12-metre Ultra Low Floor CNG buses in India. The flagship company of the Hinduja Group handed over 10 units of the new low floor bus to IndiGo (InterGlobe Aviation) airlines to be used at the New Delhi Airport.
1 min read
car&bike Team | Nov 3, 2021
U.S. Autonomous Delivery Startup Nuro Raises $600 Million For $8.6 Billion Valuation
Autonomous delivery vehicle maker Nuro raised $600 million in its latest funding round, the Silicon Valley-based startup said on Tuesday, bringing on board Alphabet Inc's Google as an investor.
1 min read
Sameer Contractor | Nov 4, 2021
Central Government Reduces Prices On Petrol By Rs. 5, Diesel By Rs. 10 For Diwali
The central government has announced a major reduction in fuel prices on the occasion of Diwali with petrol now cheaper by Rs. 5 and diesel by Rs. 10 across the country.
1 min read
car&bike Team | Nov 4, 2021
Ola Unveils First Operating Profit Ahead Of Potential IPO
Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, versus a loss of over Rs. 607 crore ($81.55 million).
1 min read
car&bike Team | Nov 3, 2021
Indian Oil To Set-Up 10,000 EV Charging Stations In 3 Years Across India
Indian Oil Corporation Limited on Wednesday announced that it will establishment of over 10,000 electric vehicle (EV) charging stations across India in the next three years.
1 min read
car&bike Team | Nov 3, 2021
Ola CEO Bhavish Aggarwal Tweets About Selling 1000+ Used Cars, Gets Trolled For Bad Buying Experience And E-Scooter Delays
Ola CEO, Bhavish Aggarwal tweeted about selling more than 1000 cars through its used car platform Ola Cars over Dhanteras weekend, however, several Twitterati expressed some critical opinions about bad buying experience, the cars being too pricy, and even about delays in delivery of the Ola S1 electric scooter.
1 min read
Reuters | Nov 3, 2021
Fisker Strikes Battery Supply Deal With China's CATL
CATL will supply two different battery packs for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025, the company said.
1 min read