Latest News

The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

Russian Oil Sold To India Below Price Cap In Buyers' Market

Dec 31, 2022 04:19 PM

3 mins read

The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

India Cuts Windfall Tax On Crude, Aviation Fuel

By Reuters

Dec 31, 2022 04:19 PM

It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday

Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap

By Reuters

Dec 31, 2022 04:19 PM

Moscow has repeatedly said it will not sell oil to countries that comply with the cap

Tesla To Start Mass Production Of The Cybertruck At The End Of 2023

By Reuters

Dec 31, 2022 04:18 PM

Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

By Reuters

Dec 31, 2022 04:18 PM

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion

By Reuters

Dec 31, 2022 04:18 PM

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 executive Shoichi Matsumoto told Reuters.

U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

By Reuters

Dec 31, 2022 04:18 PM

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 back climate change and making Washington a world leader in the EV market.