Auto Industry News
Russian Oil Cap Doubts Spur Insurer Fears Of Ships Left At Sea
Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude.
Volkswagen: All Brands Have Halted Paid Activities On Twitter
Nov 30, 2022 09:59 PM
Volkswagen's brands have halted all paid activities on Twitter until further notice.
India Raises Windfall Tax On Crude Oil
Nov 30, 2022 09:59 PM
India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne.
Europe Rushes To Fill Up On Russian Diesel Before Ban Begins
Nov 30, 2022 09:59 PM
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
Oil Rebounds From Early Plunge After Saudis Deny OPEC+ Output Report
Nov 30, 2022 09:59 PM
Oil prices rebounded from early losses after Saudi Arabia denied a report it was discussing an increase in oil supply with OPEC and its allies.
Global Stocks, Oil Prices Slip As Rising COVID Cases Prompt Chinese Lockdowns
Nov 30, 2022 09:59 PM
Global stocks and oil prices slipped as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities to reinstate lockdowns.
Oil Rises 1% As OPEC+ Focus On Supply Cuts Outweighs Recession Concerns
Nov 30, 2022 09:59 PM
Oil prices rose about 1% after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.
Indian Refiners Becoming Wary Of Buying Russian Oil As EU Sanctions Loom - Report
Nov 30, 2022 09:58 PM
Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism.
India's October Fuel Demand Rises On Festive Season Boost
Nov 30, 2022 09:58 PM
India's fuel consumption rose to its highest in four months in the festival month of October.
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