Auto Industry

Reuters

Aug 29, 2021, 12:29 AM

India Starts Selling Oil From Strategic Reserves After Policy Shift

India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).

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  Reuters | Aug 29, 2021

  India Says To Exceed Emission Cut Targets, Further Reduction Hinges On Climate Fund

  As part of its pledge under the 2015 Paris climate agreement India, the world's third-biggest carbon emitter after China and the United States, is supposed to reduce its carbon footprint by 33-35% from 2005 levels by 2030.

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  Reuters | Aug 29, 2021

  Oil Jumps 5% After 7 Days Of Losses, Boosted By Weaker Dollar

  While the pandemic drags on fuel demand, supply is steadily increasing. U.S. production rose and drilling companies added rigs for the third week in a row, services company Baker Hughes said.

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  Reuters | Aug 29, 2021

  India Refiners' July Crude Processing Catches Up With Demand Rebound

  Fuel demand also climbed last month to its highest since April as pandemic restrictions and lockdowns were unwound in most states.

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  Ameya Naik | Aug 28, 2021

  Cupra UrbanRebel Concept Teased

  The UrbanRebel Concept mixes pure electrification, sustainability and performance with the thrilling aesthetics of the virtual world.

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  Ameya Naik | Aug 28, 2021

  Audi Creating A Universal Digital Experience

  With new physical and digital offerings, the premium brand will enrich the customer experience and meet the growing needs and demands for the mobility of the future.

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  Ameya Naik | Aug 28, 2021

  Opel Unveils The Rocks-e EV

  The Rocks-e EV will slot below the Corsa-e and fits in well with the urban commuter, who wants to travel short distances.

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  Reuters | Aug 28, 2021

  Oil Extends Rally, Rises Over 1% On U.S. Fuel Demand Recovery

  Refiners have ramped up production to 92.4% of operable capacity, the highest since late June, helping send U.S. crude inventories to the lowest since January 2020.

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  Reuters | Aug 28, 2021

  Oil Posts Biggest Weekly Gains In Over A Year Ahead Of Hurricane Ida

  For the week, Brent gained over 11% and WTI rose more than 10%, which was the biggest weekly percentage gains for both since June 2020.

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