Auto Industry
Reuters
Dec 1, 2022, 1:45 AM
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 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, 2022Russian Crude Prices Recover On Strong India, China DemandSpot 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
Reuters | Dec 1, 2022OPEC+ Sees Slightly Smaller Oil Market Surplus This Year - ReportOPEC+ sees this year's oil market as slightly less supplied than previously thought.1 min read
Reuters | Dec 1, 2022Bangladesh Announces Fuel Price Jump, Stokes Inflation FearsBangladesh 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
Reuters | Dec 1, 2022Tensions With U.S. Spur Chinese Buying Of Chipmaking StocksChinese 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- Reuters | Dec 1, 2022Oil Prices End Week On Multi-Month Lows On Recession FearsOil 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
- Reuters | Dec 1, 2022Oil Prices Rise From Multi-Month Lows On Supply ConcernsOil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.2 mins read
Reuters | Dec 1, 2022Italy, Intel Close To $5 Billion Deal For Chip Factory - SourcesItaly is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.2 mins read
