The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5 but faced consternation from main players in the global oil industry who feared the move could paralyse the trade worldwide.
Higher-than-expected jobs additions in September and an unexpected dip in the unemployment rate cemented bets of another 75 basis points Fed rate hike next month, pressuring the rupee.
The French energy ministry said it was requisitioning some staff at the Gravenchon-Port Jerome depot run by Exxon's Esso France business, where the hardline CGT remains on strike despite a pay deal with other unions.
The discovery of the leak in the main route carrying oil to Germany, which operator PERN said it found on Tuesday evening, comes as Europe is on high alert over its energy security.
Brent crude futures for December delivery rose $2.12 to $94.57 a barrel, a 2.29 per cent gain. U.S. crude rose $1.84, or 2.1 per cent, to $89.11 per barrel.
Euler Motors is expecting its order book to swell to 15,000 units by the end of the financial year from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar told Reuters.
ACC, a joint venture of Stellantis, Mercedes Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in France, Germany and Italy with a capacity of 40-gigawatt hours (GWh) each by 2030.
Honda and LG are initially committing to investing $3.5 billion and creating 2,200 jobs but said the overall investment is projected to reach $4.4 billion.
Effective immediately, all Maruti Suzuki Customers using the Maruti Suzuki Rewards mobile application will be able to search for and navigate to nearby fuel/CNG stations.
Under the hood, the new Audi A3 40 TFSI e PHEV will get a 1.4-litre, four-cylinder, turbocharged engine that will be coupled with an 80 kW electric motor.
Parana is the second Brazilian state to partner with ABDI to drive the use of EVs following the Federal District that implemented EV carsharing pilot project for a public agency in the year 2019.
Nissan Motor India has announced subscription plans for Nissan and Datsun cars in India. The company is launching the subscription plans in partnership with Orix.
Petrol and diesel prices have been revised for the second straight day across the country. With a hike of 28 paise, petrol currently retails at Rs. 95.31 a litre, while diesel rates were increased by 27 paise to Rs. 86.22 a litre in Delhi.
Honda Cars India is offering benefits of up to Rs. 33,496 on select models in the month of June 2021. It includes cash discount, exchange bonus and loyalty bonus.
Poetsch, 70, became chairman of the supervisory board in 2015, weeks after the start of the diesel emissions scandal - in which Volkswagen in 2015 acknowledged using illegal software to rig diesel engine tests in the United States.
Renault has rolled out special benefits of up to Rs. 75,000 on cars including the Kwid, Duster, Triber and the Kiger this month. These offers include cash discount, exchange bonus and loyalty benefit.
Indian fuel demand had recovered to near pre-pandemic levels in March but has been sliding since April owing to a resurgence in infections, prompting Indian refiners to cut crude processing and imports.
