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Reuters
Dec 31, 2022, 5:16 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
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Reuters | Dec 31, 2022Oil Muted As Price Cap Proposal Eases Supply ConcernsA bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.2 mins read
Reuters | Dec 31, 2022Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's OilUkraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.2 mins read
Reuters | Dec 31, 2022Oil Prices Fall 2% As Chinese Demand Worries LingerU.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.2 mins read
Reuters | Dec 31, 2022OPEC+ Meeting To Take Into Account Market Conditions: ReportOPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.1 min read
Reuters | Dec 31, 2022India Shares Defy Global Weakness, On Oil Slide To Close At New RecordThe NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.1 min read
Reuters | Dec 31, 2022India To Receive First LNG Cargo From Indonesia's Tangguh LNGThe LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.1 min read- Reuters | Dec 31, 2022U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut RumorsPrice action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.2 mins read
Reuters | Dec 31, 2022Wall St Falls As U.S. Crude Oil Shakes Off LossesWhile a surge in COVID cases and clashes between police and protesters across several major Chinese cities over the weekend helped push U.S. Treasury yields lower, that move had also reversed course in afternoon trading.3 mins read
