International Trade and World Market – Page 123

In Surprise, OPEC Plus Announces Cut in Oil Production

Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.

By Clifford Krauss

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In Surprise, OPEC Plus Announces Cut in Oil Production

The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.

By Clifford Krauss

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New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.

By Ana Swanson and Jack Ewing

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How Ukraine’s Battered Steel Industry Galvanized Its War Effort

The iron- and steel-producing factories of Ukraine’s rust belt have made body armor, helmets and armored plates for vehicles — and steelworkers risked their lives rolling out heavy machinery at the beginning of the war to help physically block the Russian advance.

By Finbarr OReilly

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