Cars

Reuters

Oct 29, 2022, 10:16 AM

Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge

Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.

2 Min

• 
  Reuters | Oct 29, 2022

  Ecuador Private Oil Pipeline Reports Spill Following Vandalism

  The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.

  1 min read
• 
  Reuters | Oct 29, 2022

  CGT Union Votes To Continue Strike At TotalEnergies' French Refineries

  Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

  1 min read
• 
  Reuters | Oct 29, 2022

  Oil Steady As Recession Woes Counter Positive Chinese Signals

  China's central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose monetary policy would be maintained.

  2 mins read
• 
  Reuters | Oct 29, 2022

  Fire At Indian Oil's Haldia Refinery Injures Three -Local Media

  In December last year, a fire killed three people and injured 44 during maintenance-related work at the refinery.

  0 mins read
• 
  Reuters | Oct 29, 2022

  UAE Says It Fully Stands With Saudi Arabia To Support Energy Stability, Security

  UAE also added that it supports the Saudi foreign ministry's statement regarding the latest OPEC+ decision and rejects statements that push for politicising it, WAM said.

  0 mins read
• 
  Reuters | Oct 29, 2022

  Rupee May Track Asian Peers Higher; U.S. Yields, Oil Prices In Focus

  The rupee is seen opening at 82.25-82.30 per U.S. dollar. On Tuesday, the rupee finished at 82.36, a level almost flat to the dollar, after attempting to strengthen above 82-mark at one point.

  2 mins read
• 
  Reuters | Oct 29, 2022

  U.S. Says Russia Oil Price Cap Will Not Be Aimed At OPEC

  The comments could help ease a spat between the United States and Saudi Arabia, the top oil exporter and de facto OPEC leader, over what Washington sees as collaboration with Russia to deprive markets of supply just as a global recession looms.

  3 mins read
• 
  Reuters | Oct 29, 2022

  Oil Up In Tight Market As U.S. Sets Release Of More Reserves

  Brent crude futures for December settlement ended up $2.38, or 2.6%, to $92.41 a barrel. U.S. West Texas Intermediate crude (WTI) for November, which is expiring on Thursday, ended at $85.55 a barrel, up $2.73, or 3.3%.

  2 mins read