COM

OPEC+ seen heading for oil policy rollover, cut not ruled out

OPEC+ seen sticking with current policy – delegates Group to hold virtual meeting on Dec. 4 Kuwait KPC CEO: Buyers not seeking more oil, maybe seeking less Analysts, some delegates say don’t rule out cut LONDON/DUBAI, Dec 2 (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on …

OPEC+ seen heading for oil policy rollover, cut not ruled out Read More »

Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

Musk delivers the first Tesla truck, but no update on output, pricing Read More »

EU tentatively agrees $60 price cap on Russian seaborne oil

BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of ​​the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% Below is the market price, according to diplomats and a document …

EU tentatively agrees $60 price cap on Russian seaborne oil Read More »

Oil prices erase 2022 gains as China’s protests spark demand worries

WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022 Clashes in Shanghai as COVID protests flare across China Investors focus on next OPEC+ meeting on Dec 4 Nov 28 (Reuters) – Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the …

Oil prices erase 2022 gains as China’s protests spark demand worries Read More »