Auto Industry News
Oil Jumps More Than 3% Ahead Of OPEC+ Meeting On Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, look set to cut output when they meet on Wednesday. The move would squeeze supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, a lack of investment and supply problems.
France Taps Strategic Fuel Reserves As Refinery Strike Grinds On
Oct 20, 2022 10:49 PM
Government spokesman Olivier Veran acknowledged "tensions" but said there was no shortage of fuel stocks at a national level. He urged consumers not to panic-buy petrol.
OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It Shortsighted
Oct 20, 2022 10:36 PM
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy.
Delhi De-registered Over 50 Lakh Old Vehicles In 2022: Report
Oct 20, 2022 09:33 PM
The Delhi Transport body de-registered over 53 lakh vehicles between 2018 and October 2022. These vehicles had reached their respective end of life and as per norms, diesel vehicles have a 10-year age limit while petrol vehicles have a 15-year age limit in the national capital.
Oil Rises To 3-Week Highs As OPEC+ Agrees To Deep Cuts, U.S. Stockpiles Fall
Oct 20, 2022 09:33 PM
Prices also rose on U.S. government data that showed crude and fuel inventories fell last week.
India To Pitch For Global Biofuels Alliance At G20 - Report
Oct 20, 2022 09:15 PM
India, also the world's third-biggest oil importer, ships in about 85% of its crude needs, but is gradually building capacity to increase its output of biofuels.
Omega Seiki Mobility Signs MoU With CABT Logistics For Last Mile Connectivity
Oct 20, 2022 08:46 PM
Omega Seiki Mobility has signed and MoU with Creativity At Best Technologies (CABT) for deploying 500 EVs for last mile connectivity.
New Volvo EX90 Electric SUV Teaser Gives Us A Glimpse Of Its Sustainable Interior
Nov 8, 2022 06:50 PM
The Volvo EX90, the upcoming all-electric flagship SUV, will be unveiled on November 9. Volvo says that with this new EV, it wants to take sustainability to the next level and the key qualities that its designers focused on were simplicity, well-being and natural sources.
Karnataka Government Mandates Wearing Seatbelts In Passenger Vehicles; Offenders To Be Fined
Oct 20, 2022 07:47 PM
First time offenders in Karnataka will have to pay a fine of Rs. 1,000 while second time or frequent offenders in the state will be charged Rs. 2,000 for the same.
Upcoming Launches
