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Author Articles
EU Agrees Gradual Russian Oil Embargo, Gives Hungary Exemptions
The target to cut 90% of all Russian imports by the end of 2022 includes seaborne deliveries as well as Poland and Germany stopping their own imports of Russian oil via pipeline.
Iran Urges Greece To Cooperate Over Seized Ships Without U.S. Role
Tehran seized the Greek ships on Friday after Athens impounded the Iranian-flagged Pegas in April. The United States, which has imposed a tough sanctions regime on Iran, confiscated the Iranian oil cargo that was on the Pegas.
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil Imports
Two thirds of the Russian oil imported by the EU comes via tanker and one third by the Druzhba pipeline. The embargo on seaborne oil imports would therefore apply to 2/3 of all oil imported from Russia.
EU Agrees Russian Oil Sanctions, Gives Hungary Exemptions
The ban on seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said.
EU Leaders Agree To Ban Export Of Russian Oil To The Bloc: EU Council President
EU Council President Charles Michel said, the European Union leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc.
Delhi To Make EV Retrofitting Process Easier For Owners - Report
Delhi Transport department is set to move the application process for converting internal combustion vehicles to EVs online.
Oil Climbs Above $121 A Barrel As China Eases Restrictions, EU Meets
Oil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.
IIT-Madras Team Developing Zinc-Air Batteries For Electric Vehicles
A team of researchers from IIT-Madras is developing Zinc-air batteries electric vehicles which are said to have a longer shelf life than lithium-ion batteries and are more economical.
Iran Says Crew Of Two Seized Greek Tankers Not Detained And Are On Board
Iranian forces seized two Greek tankers in the Gulf, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast.
EU Summit To Agree Sanctions Should Include Russian Oil Embargo With Pipeline Exemption
The 27 EU member countries would "address the issue of the temporary exception for crude oil delivered by pipeline as soon as possible."
Italian Brand Unveils Energica Experia Electric Sports Tourer
Italian brand Energica is also the supplier for the MotoE class, and has taken the firs step in the electric sports touring segment with the Energica Experia.
Ola Electric Rolls Out Two-Week Delivery For Select Customers In Select Cities
Ola Electric has quietly rolled out a two-week delivery plan for select potential customers in select cities across India. This is a segmented, targeted communication for customers who have showed keen interest in the Ola S1 electric scooter.
Mercedes-AMG E 63 S Final Edition Revealed; Marks The End For the Current E 63
The Final Edition is limited to just 999 units and is available in both sedan and estate bodystyles.
U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong Dollar
U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.
Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
Indian Iron Ore And Steel Stocks Slump, Autos Rise After Export Tax Hikes
Shares in Indian steel and iron ore groups including Tata Steel and JSW Steel slid on Monday at the steepest pace since early 2020 after the government imposed heavy export taxes on the sector, while carmakers rose on lower input costs.
Indian Shares Settle Higher On Auto, Tech Rally
Indian shares ended higher for a third straight session on Monday, riding on gains in technology stocks and a surge in automaker Mahindra and Mahindra after strong quarterly earnings.
Serbia's Vucic Says Agreed 3-Year Gas Supply Contract With Putin
Serbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin.
EU's Von Der Leyen Sees Progress In Talks With Hungary on Russian Oil Ban
European Commission President Ursula von der Leyen said on Monday she had made progress in talks with Hungarian Prime Minister Viktor Orban on a possible EU-wide ban on Russian fossil fuels.
