Auto Industry
Reuters
Dec 31, 2022, 5:22 PM
G7 nations and Australia said they had agreed a $60 per barrel price cap on Russian seaborne crude oil.
3 Min
Reuters | Dec 31, 2022Oil Prices Climb On Tight Supply WorriesOil 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
Reuters | Dec 31, 2022Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV DemandWolfspeed 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
Reuters | Dec 31, 2022Oil Rises 4% On Supply Threats, Still Set For Weekly DropOil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.3 mins read- 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
