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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 crude shipments should be approached with caution.

Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.

Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.

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 Ukraine.

Uber and Aurora Innovation will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays.

India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used.

Reliance Industries is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports.