Latest News
Indian Refiners Scout For Oil Deals Ahead Of EU Ban On Russian Crude
Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia.
Foxconn Shares Rise After Offering Cautiously Optimistic Q4 Outlook
Oct 27, 2022 01:27 PM
Foxconn's shares rose 3% after the company said it was "cautiously optimistic" about its fourth-quarter revenue outlook.
Stellantis Boss Expects Chip Supply To Remain 'Complicated' Until End 2023
Oct 27, 2022 01:27 PM
Tavares expects the semiconductor supply chain to remain tight until the end of next year.
Oil Prices Inch Lower Ahead Of OPEC+ Talks On Supply Cut
Oct 27, 2022 01:27 PM
Oil prices moderated very slightly after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.
Intel's Mobileye files for listing in first sign of thawing tech IPO market
Oct 27, 2022 01:26 PM
Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.
India Pushes Oil Refiners To Diversify After Surprise OPEC+ Cuts
Oct 27, 2022 07:31 AM
As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.
CGT Union Shuns TotalEnergies Talks As French Petrol Crisis Drags On
Oct 27, 2022 07:15 AM
Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.
Creditors Say Chad Does Not Need Debt Relief Now Given Oil Price Surge
Oct 27, 2022 07:09 AM
Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.
Ecuador Private Oil Pipeline Reports Spill Following Vandalism
Oct 27, 2022 06:48 AM
The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.
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