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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 crude shipments should be approached with caution.
Hyundai, SK To Build New Battery Plant In Georgia
Dec 31, 2022 04:09 PM
Hyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.
South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments
Dec 31, 2022 04:09 PM
A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.
Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Dec 31, 2022 04:07 PM
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
Foxconn Unit Invests $500 Million (Rs. 4100 Crore) In India Affiliate
Dec 31, 2022 04:07 PM
Foxconn's Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million (Around Rs. 4100 Crore).
OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - Report
Dec 31, 2022 04:07 PM
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.
Factbox - Western Governments Struggle To Agree On Russian Oil Price Cap
Dec 31, 2022 04:07 PM
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.
Diesel Sales Of Indian State Retailers Up On Industrial Recovery
Dec 31, 2022 04:07 PM
Indian state refiners' daily diesel sales rose 21% in November from the previous month.
Putin Drives Across Crimea Bridge In A Mercedes
Dec 31, 2022 04:06 PM
Putin, accompanied by Deputy Prime Minister Marat Khusnullin, was shown on state television behind the wheel of a Mercedes, asking questions about where the attack took place.
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