Auto Industry News
India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen Says
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.
India Sends More Vacuum Gasoil To The U.S. As The West Shuns Russian Oil
Nov 30, 2022 10:00 PM
India stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.
India's Iraqi Oil Imports Fall To Lowest In 20 Months - Report
Nov 30, 2022 09:59 PM
India's oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude.
India's IOC Buys Nov Sokol Cargo At Near Parity To Dubai Benchmark - Report
Nov 30, 2022 09:59 PM
Indian Oil Corp has purchased a cargo of Russia's Sokol oil for November delivery thorough a spot deal with a trading firm.
Russian Oil Cap Doubts Spur Insurer Fears Of Ships Left At Sea
Nov 30, 2022 09:59 PM
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.
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