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Reuters

Dec 31, 2022, 5:22 PM

India To Continue Buying Russian Oil, Ministry Source Says

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

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  Reuters | Dec 31, 2022

  Reliance Makes Rare Buy Of Russian Naphtha, Ups Fuel Oil Imports

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

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  Reuters | Dec 31, 2022

  Essar Group Plans Rs. 40,000 Cr. Petrochemical Complex In Odisha

  Essar Group plans to set up a Rs. 40,000 cr. petrochemical complex in the eastern state of Odisha in a tie-up with a global player.

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  Reuters | Dec 31, 2022

  G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil

  G7 nations and Australia said they had agreed a $60 per barrel price cap on Russian seaborne crude oil.

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  Reuters | Dec 31, 2022

  Oil Prices Climb On Tight Supply Worries

  Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.

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  Reuters | Dec 31, 2022

  Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand

  Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.

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  Reuters | Dec 31, 2022

  Oil Rises 4% On Supply Threats, Still Set For Weekly Drop

  Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.

  3 mins read
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  Reuters | Dec 31, 2022

  U.S. Commerce Aims To Seek Chips Funding Proposals By February

  The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.

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  Reuters | Dec 31, 2022

  India's BPCL Plans To load Sokol Cargo In Sept - Report

  Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.

  1 min read