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Reuters
Dec 31, 2022, 5:19 PM
Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.
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Reuters | Dec 31, 2022U.S. Commerce Aims To Seek Chips Funding Proposals By FebruaryThe U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.2 mins read
Reuters | Dec 31, 2022India's BPCL Plans To load Sokol Cargo In Sept - ReportIndian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.1 min read
Reuters | Dec 31, 2022Shenzhen Shuts Most Public Transport As China Battles Multiple OutbreaksThe main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.3 mins read
Reuters | Dec 31, 2022Oil Climbs Ahead Of OPEC+ Meeting Next WeekOil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.3 mins read
Reuters | Dec 31, 2022SoftBank Plans $35 Million Bet On India's GoMechanic - ReportVision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.2 mins read
Reuters | Dec 31, 2022GM Startup Cruise Recalls And Revises Self-Driving Software After CrashGeneral Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.3 mins read
Reuters | Dec 31, 2022Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In ParisParis's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.1 min read
Reuters | Dec 31, 2022Piedmont To Build Lithium Plant In Tennessee For EV MarketPiedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.1 min read
