Auto Industry

Reuters

Dec 1, 2022, 1:45 AM

Chip And Carmaker CEOs Meet Ahead Of Biden Signing

On Tuesday, President Joe Biden will sign legislation to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China.

1 Min

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  Reuters | Dec 1, 2022

  Big Oil Offers Big Returns But Keeps Spending Tight

  The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

  3 mins read
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  Reuters | Dec 1, 2022

  Oil Edges Up Ahead Of OPEC Meeting Despite Recession Worries

  Oil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns

  Oil 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
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  Reuters | Dec 1, 2022

  Russian Crude Prices Recover On Strong India, China Demand

  Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.

  3 mins read
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  Reuters | Dec 1, 2022

  OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - Report

  OPEC+ sees this year's oil market as slightly less supplied than previously thought.

  1 min read
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  Reuters | Dec 1, 2022

  Bangladesh Announces Fuel Price Jump, Stokes Inflation Fears

  Bangladesh raised fuel prices by around 50%, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

  2 mins read
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  Reuters | Dec 1, 2022

  Tensions With U.S. Spur Chinese Buying Of Chipmaking Stocks

  Chinese chipmakers' shares jumped by the most in two years this week as House of Representatives Speaker Nancy Pelosi's visit to Taiwan heightened tensions with the U.S., driving patriotic bets on a sector Beijing sees as key to its rivalry with Washington.

  2 mins read
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  Reuters | Dec 1, 2022

  Oil Prices End Week On Multi-Month Lows On Recession Fears

  Oil prices settled higher, recouping some of this week's losses on strong U.S. job growth data, but closed the week at their lowest levels since February, rattled by worries a recession could hit fuel demand.

  2 mins read