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  • India To Receive First LNG Cargo From Indonesia's Tangguh LNG

    India To Receive First LNG Cargo From Indonesia's Tangguh LNG

    ReutersBy Reuters•Dec 31, 2022 05:15 PM•1 min read

    The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.

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  • U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors

    U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors

    ReutersBy Reuters•Dec 31, 2022 05:14 PM•2 mins read

    Price action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.

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  • Wall St Falls As U.S. Crude Oil Shakes Off Losses

    Wall St Falls As U.S. Crude Oil Shakes Off Losses

    ReutersBy Reuters•Dec 31, 2022 05:14 PM•3 mins read

    While a surge in COVID cases and clashes between police and protesters across several major Chinese cities over the weekend helped push U.S. Treasury yields lower, that move had also reversed course in afternoon trading.

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  • India Purchased 40% Of Seaborne Russian Urals Oil In November: Report

    India Purchased 40% Of Seaborne Russian Urals Oil In November: Report

    ReutersBy Reuters•Dec 31, 2022 05:14 PM•2 mins read

    Russian Urals oil shipments to India accounted for about 40% of the total sea exports of Urals in November, not including the transit of oil from Kazakhstan, which is sold as KEBCO, Reuters calculations showed.

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  • Western Governments Struggle To Agree On Russian Oil Price Cap

    Western Governments Struggle To Agree On Russian Oil Price Cap

    ReutersBy Reuters•Dec 31, 2022 05:14 PM•3 mins read

    The plan is meant to punish Russia while at the same time keeping its vast petroleum exports flowing to energy-starved global markets to tamp down inflation.

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  • EU Inches Towards Deal On Russian Oil Price Cap This Week

    EU Inches Towards Deal On Russian Oil Price Cap This Week

    ReutersBy Reuters•Dec 31, 2022 05:14 PM•3 mins read

    The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in.

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  • Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains

    Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains

    ReutersBy Reuters•Dec 31, 2022 05:13 PM•3 mins read

    Oil rose on Tuesday on expectations for a loosening of China's strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains.

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  • South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report

    South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report

    ReutersBy Reuters•Dec 31, 2022 05:13 PM•2 mins read

    Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory.

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  • Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

    Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

    ReutersBy Reuters•Dec 31, 2022 04:44 PM•2 mins read

    Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in northern Kosovo, which the West had warned could trigger ethnic violence, the European Union's foreign policy chief said.

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  • OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report

    OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report

    ReutersBy Reuters•Dec 31, 2022 04:44 PM•2 mins read

    A virtual meeting puts the focus on the pending European Union deal over the price cap on Russian oil, as well as a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude.

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  • Chinese Dealers Seek Compensation Over Stellantis Jeep Failure

    Chinese Dealers Seek Compensation Over Stellantis Jeep Failure

    ReutersBy Reuters•Dec 31, 2022 04:44 PM•2 mins read

    Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.

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  • U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly

    U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly

    ReutersBy Reuters•Dec 31, 2022 04:44 PM•3 mins read

    The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly.

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  • India Seeks To Use Global Energy Challenge As Opportunity, Says Minister

    India Seeks To Use Global Energy Challenge As Opportunity, Says Minister

    ReutersBy Reuters•Dec 31, 2022 04:38 PM•2 mins read

    India hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.

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  • Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit

    Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit

    ReutersBy Reuters•Dec 31, 2022 04:38 PM•2 mins read

    The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.

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  • Toyota Offers Cheaper Prius If Customers Take Software Updates

    Toyota Offers Cheaper Prius If Customers Take Software Updates

    ReutersBy Reuters•Dec 31, 2022 04:38 PM•1 min read

    The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said.

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  • Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global Expansion

    Vietnam's EV Maker Vinfast Files For U.S. IPO To Fuel Global Expansion

    ReutersBy Reuters•Dec 31, 2022 04:37 PM•3 mins read

    VinFast, which began operations in 2019, is gearing up to expand in the U.S. market, where it hopes to compete with legacy automakers and startups with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.

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  • UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang Region

    UAW Calls On Automakers To Move Supply Chain Out Of Xinjiang Region

    ReutersBy Reuters•Dec 31, 2022 04:37 PM•2 mins read

    The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor.

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  • Apple Scales Back Self-Driving Car, Delays Launch To 2026: Report

    Apple Scales Back Self-Driving Car, Delays Launch To 2026: Report

    ReutersBy Reuters•Dec 31, 2022 04:37 PM•1 min read

    The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.

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  • Mercedes To Double Electric Motor Output At Untertuerkheim: Report

    Mercedes To Double Electric Motor Output At Untertuerkheim: Report

    ReutersBy Reuters•Dec 31, 2022 04:37 PM0

    The German carmaker's management and works council struck an agreement on restructuring the site in southwestern Germany, which also foresees a 20% reduction in fixed costs by 2025 compared with 2019 and workforce cuts, the report said, citing company sources.

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  • South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments

    South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments

    ReutersBy Reuters•Dec 31, 2022 04:36 PM•2 mins read

    Disruptions to the country's supply chain expanded on Thursday, the eighth day of the nationwide strike by more than 20,000 truckers, as the government prepares to order more of them back to work.

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