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Oil Rises Nearly 2% On Strong Economic Data But Trade Choppy
Oil prices rose nearly 2% in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft Says
Dec 1, 2022 05:06 AM
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said.

Clashes In Oil-Rich Shabwa Test Yemen's New Presidential Council
Dec 1, 2022 05:05 AM
Yemen's new presidential council is under strain over clashes between nominal allies in oil-rich Shabwa this week, imperilling Saudi Arabia's efforts to strengthen an anti-Houthi coalition and potentially complicating international peace efforts.

Oil Settles Lower On Weak Economic Chinese Economic Data
Dec 1, 2022 05:05 AM
Oil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.

Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View
Dec 1, 2022 05:04 AM
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.

Australia To Target Vehicle Emissions To Boost Electric Car Supply
Dec 1, 2022 05:04 AM
Australia's government said it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.

Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources
Dec 1, 2022 05:03 AM
Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.

EV Maker Nikola Beats Revenue Estimates On Higher Deliveries
Dec 1, 2022 05:03 AM
Nikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.

U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge Stations
Dec 1, 2022 05:03 AM
A group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.
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