Auto Industry

Reuters

Dec 31, 2022, 5:22 PM

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 31, 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.

  2 mins read
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  Reuters | Dec 31, 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.

  3 mins read
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  Reuters | Dec 31, 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 31, 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.

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  Reuters | Dec 31, 2022

  Essar Group Plans Rs. 40,000 Cr. Petrochemical Complex In Odisha

  Essar Group plans to set up a Rs. 40,000 cr. petrochemical complex in the eastern state of Odisha in a tie-up with a global player.

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  Reuters | Dec 31, 2022

  G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil

  G7 nations and Australia said they had agreed a $60 per barrel price cap on Russian seaborne crude oil.

  3 mins read
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  Reuters | Dec 31, 2022

  Oil Prices Climb On Tight Supply Worries

  Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.

  2 mins read
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  Reuters | Dec 31, 2022

  Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand

  Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.

  2 mins read