Latest News
Oil Prices Up After Basra Spill, But Log Weekly Decline
Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.
Putin Tells Europe: If You Want Gas Then Open Nord Stream 2
Dec 1, 2022 05:23 AM
President Vladimir Putin denied Russia had anything to do with Europe's energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.
India's August Crude Imports Fall m/m On Monsoon Demand Lull
Dec 1, 2022 05:23 AM
India's crude oil imports fell more than 13% in August month-on-month, government data showed, as monsoon rains restricted activity and slowed consumption in the world's third-biggest oil consumer.
Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike Worries
Dec 1, 2022 05:23 AM
Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates.
Elon Musk Accuses Twitter Of Security Lapses In Court Filing
Dec 1, 2022 05:23 AM
Billionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a court filing.
Tesla Weighs Reset For China Retail Strategy Even As Sales Boom
Dec 1, 2022 05:23 AM
Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said.
'It Felt Like Star Wars': Hoverbike Makes U.S. Debut
Dec 1, 2022 05:23 AM
A hoverbike that the Japanese manufacturers plan to launch in the United States next year made its U.S. debut at the Detroit Auto Show, drawing perhaps inevitable comparisons to the speeder bikes of "Star Wars."
Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine
Dec 1, 2022 05:22 AM
Hydrogen fuel cell maker Loop Energy said that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.
Tesla Says China Sales Channel Expansion Proceeding At Normal Pace
Dec 1, 2022 05:22 AM
Tesla said that it is still expanding its sales channels in China at a normal pace, in response to a Reuters report saying it was considering closing some city centre showrooms in its second largest market.
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