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Reuters

Dec 31, 2022, 5:14 PM

Western Governments Struggle To Agree On Russian Oil Price Cap

The plan is meant to punish Russia while at the same time keeping its vast petroleum exports flowing to energy-starved global markets to tamp down inflation.

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  Reuters | Dec 31, 2022

  EU Inches Towards Deal On Russian Oil Price Cap This Week

  The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in.

  3 mins read
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  Reuters | Dec 31, 2022

  Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains

  Oil rose on Tuesday on expectations for a loosening of China's strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains.

  3 mins read
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  Reuters | Dec 31, 2022

  South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report

  Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory.

  2 mins read
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  Reuters | Dec 31, 2022

  Kosovo, Serbia Reach Deal To End Dangerous Dispute Over Car Plates -EU

  Kosovo and Serbia reached a deal on Wednesday to end a nearly two-year dispute over car licence plates in northern Kosovo, which the West had warned could trigger ethnic violence, the European Union's foreign policy chief said.

  2 mins read
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  Reuters | Dec 31, 2022

  OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap: Report

  A virtual meeting puts the focus on the pending European Union deal over the price cap on Russian oil, as well as a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude.

  2 mins read
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  Reuters | Dec 31, 2022

  Chinese Dealers Seek Compensation Over Stellantis Jeep Failure

  Stellantis is overhauling its strategy in China after agreeing to file for bankruptcy of its Jeep joint venture with local partner Guangzhou Automobile Group (GAC) in October.

  2 mins read
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  Reuters | Dec 31, 2022

  U.S Says G7 Should Soon Unveil Price Cap Level On Russian Oil, Adjust Regularly

  The Group of Seven nations should soon announce the price cap on Russian oil exports and the coalition will probably adjust the level a few times a year rather than monthly.

  3 mins read
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  Reuters | Dec 31, 2022

  India Seeks To Use Global Energy Challenge As Opportunity, Says Minister

  India hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said.

  2 mins read