By Andrea Shalal DAKAR (Reuters) – Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are…
By Akash Sriram (Reuters) – A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing U.S. startups like Rivian Automotive…
(Reuters) – Ukraine’s foreign minister said on Thursday it was time to review the $60 per barrel price cap imposed on Russian seaborne oil, on the grounds that the current…
By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn…
MILAN (Reuters) – Italy’s antitrust authority said on Monday the offices of several oil companies, including Italy’s Eni and Exxon Mobil Corp’s ESSO Italiana unit, have been searched over alleged…
By Darya Korsunskaya MOSCOW (Reuters) -Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may…
By Yousef Saba DUBAI (Reuters) – Residential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than…
By Svea Herbst-Bayliss NEW YORK (Reuters) -An investor with a large stake in Venator Materials Plc has asked for board seats, criticizing the chemical company’s poor financial performance and a…
FRANKFURT (Reuters) – Activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, said on Monday it had acquired a 0.83% stake in Bayer, as the German…
(Reuters) – The $26,500-per-year price tag for Eisai Co Ltd and Biogen Inc’s newly approved Alzheimer’s disease drug is slightly above expectations, but should not dent demand for the promising…
MADRID (Reuters) – Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the…
WASHINGTON (Reuters) – U.S. services industry activity contracted for the first time in more than 2-1/2 years in December amid weakening demand, while the pace of increase in prices paid…
(Reuters) – Tesla cut electric car prices in China and other Asian markets on Friday, part of efforts to stoke demand for output from its Shanghai plant, a person with…
By Brijesh Patel (Reuters) -Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the…
BRASILIA (Reuters) – The incoming chief executive of Brazil’s state-run oil company Petrobras said on Friday he planned to tweak the country’s fuel price policy, but said investors need not…
By Brijesh Patel (Reuters) – Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset…
Russia Bans Oil Exports To Countries That Enforce Price Cap Jack McEvoy on December 27, 2022 Russian President Vladimir Putin declared Tuesday that his nation will ban crude oil and…
By Farah Master and David Stanway HONG KONG/SHANGHAI (Reuters) – At the public hospital in Shanghai where Nora, a 30-year-old doctor, works, tension has spiraled since China relaxed its stringent…
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 65% in November after a 70.6% jump in October, the statistics department said on Wednesday. Food prices were…
Biden Admin Quietly Raises The Price It’s Willing To Pay To Refill Oil Reserves Jack McEvoy on December 16, 2022 The Energy Department announced Friday that it would begin buying…
ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti said on Saturday it was unrealistic to expect energy prices to fall by March and that the war in Ukraine will come…
WASHINGTON (Reuters) – U.S. business activity contracted further in December as new orders slumped to the lowest level in just over 2-1/2 years, but softening demand helped to significantly cool…
MOSCOW (Reuters) – The average price for Russia’s Urals oil blend was $57.49 per barrel between Nov. 15 and Dec. 14, Russia’s Finance Ministry said late on Thursday, below the…
(Reuters) – The Kremlin said on Friday it was finalising the last details of how it would respond to the West’s imposition of a price cap on Russia’s oil exports.…
By Hari Kishan and Indradip Ghosh BENGALURU (Reuters) – House prices in most major property markets will fall in 2023, according to nearly 100 housing market analysts polled by Reuters,…