Auto Industry
Reuters
Dec 31, 2022, 5:25 PM
The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.
3 Min
Reuters | Dec 31, 2022India May Split Planned Mega Refinery To Various Sites - ReportAramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.2 mins read
Reuters | Dec 31, 2022Kremlin Says It Is Finalising Last Details Of Response To Oil Price CapMoscow has repeatedly said it will not sell oil to countries that comply with the cap0 mins read
Reuters | Dec 31, 2022Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo ReportsJapan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.2 mins read
Reuters | Dec 31, 2022Battery Maker Envision AESC Seeking Potential Investors To Fund ExpansionJapan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.2 mins read
Reuters | Dec 31, 2022U.S., EU Launch Formal Group To Discuss Conflict Over EV SubsidiesThe talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.1 min read
Reuters | Dec 31, 2022Oil Slumps By Over $2/bbl, Dogged By Recession FearsOil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.2 mins read
Reuters | Dec 31, 2022Electric Vehicles Confront The Leap To The Mass MarketThe automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.3 mins read
Reuters | Dec 31, 2022Taiwan To Fine Foxconn For Unauthorised China InvestmentTaiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.2 mins read
