Auto Industry
Reuters
Dec 1, 2022, 5:08 AM
Oil prices ended Wednesday higher after a volatile trading session. Brent crude settled up $1.00 to $101.22 while U.S. crude settled up $1.15 to $94.89 a barrel.
2 Min
Reuters | Dec 1, 2022Oil Sinks About 4% After Weak Factory Data Sparks Demand ConcernsOil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.2 mins read
Reuters | Dec 1, 2022OPEC+ Sees Slightly Smaller Oil Market Surplus This Year, Sources SayOPEC+ sees this year's oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to decide on its production policy for next month.1 min read
Reuters | Dec 1, 2022Oil Rises Nearly 2% On Strong Economic Data But Trade ChoppyOil 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.1 min read- Reuters | Dec 1, 2022Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft SaysUkraine 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.4 mins read
- Reuters | Dec 1, 2022Clashes In Oil-Rich Shabwa Test Yemen's New Presidential CouncilYemen'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.2 mins read
Reuters | Dec 1, 2022Oil Settles Lower On Weak Economic Chinese Economic DataOil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.2 mins read- Reuters | Dec 1, 2022Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price ViewBarclays 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.1 min read
Reuters | Dec 1, 2022Australia To Target Vehicle Emissions To Boost Electric Car SupplyAustralia'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.2 mins read
