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Auto · 24 Dec 2022
Western Governments Struggle To Agree On Russian Oil Price Cap
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.
Auto · 24 Dec 2022
India Purchased 40% Of Seaborne Russian Urals Oil In November: Report
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,…
Auto · 24 Dec 2022
Wall St Falls As U.S. Crude Oil Shakes Off Losses
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…
Auto · 24 Dec 2022
U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies
The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden’s $430 billion “Inflation Reduction Act”, enacted in August and aimed at rolling…
Auto · 24 Dec 2022
Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion
Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief…
Auto · 24 Dec 2022
Factbox – Western Governments Struggle To Agree On Russian Oil Price Cap
Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on…
Auto · 24 Dec 2022
OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap – Report
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.
Auto · 24 Dec 2022
Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
Auto · 24 Dec 2022
Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands
Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.
Auto · 24 Dec 2022
U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap
The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals…