Cars

Reuters

Dec 1, 2022, 5:17 AM

This Decade's Oil Boom Is Moving Offshore - Way Offshore

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.

5 Min

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  Reuters | Dec 1, 2022

  Oil Prices Climb 1% As U.S. Fuel Inventories Fall

  Oil prices recovered slightly as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that demand will suffer from increased China COVID curbs and central bank interest rate hikes.

  2 mins read
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  Reuters | Dec 1, 2022

  Musk Looks To Delay Twitter Trial Following Whistleblower Claims

  Elon Musk is seeking to delay until November a trial over his intention to back out of a $44 billion deal to buy Twitter Inc and amend his complaint against the social media company, according to court filings, after a whistleblower provided him with fresh ammunition.

  3 mins read
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  Reuters | Dec 1, 2022

  In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel

  In Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.

  3 mins read
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  Reuters | Dec 1, 2022

  California To End Sales Of Gasoline-Only Cars By 2035

  California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on gasoline by 2035 in September 2020.

  3 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

  Oil Settles Lower On Weak Economic Chinese Economic Data

  Oil 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
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  Reuters | Dec 1, 2022

  Australia To Target Vehicle Emissions To Boost Electric Car Supply

  Australia'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
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  Reuters | Dec 1, 2022

  Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources

  Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.

  2 mins read