Auto Industry

Reuters

Aug 24, 2022, 6:57 PM

Indian Oil Corp Unit To Open 50 Fuel Stations In Sri Lanka To Help Alleviate Crisis

Sri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.

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  Reuters | Aug 24, 2022

  Oil Rises Nearly 2% On Strong Economic Data But Trade Choppy

  Oil prices rose nearly 2% in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

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  Reuters | Aug 24, 2022

  Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft Says

  Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said.

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  Reuters | Aug 24, 2022

  Devastating Fire May Force Cuba To Resort To Floating Oil Storage

  An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid.

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  Reuters | Aug 24, 2022

  Clashes In Oil-Rich Shabwa Test Yemen's New Presidential Council

  Yemen's new presidential council is under strain over clashes between nominal allies in oil-rich Shabwa this week, imperilling Saudi Arabia's efforts to strengthen an anti-Houthi coalition and potentially complicating international peace efforts.

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  car&bike Team | Aug 24, 2022

  Iran Tanker Retrieves Oil Seized By U.S., Set To Leave Greece

  An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said.

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  Reuters | Aug 24, 2022

  Oil Settles Lower On Weak Economic Chinese Economic Data

  Oil prices settled lower after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand.

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  Reuters | Aug 24, 2022

  Barclays Sees Crude Surplus In Near-Term, Cuts Brent Price View

  Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "resilient" Russian supplies.

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  car&bike Team | Aug 27, 2022

  Maruti Suzuki Brezza - New Age Car For A New Age Buyer

  Equipped with a bouquet of cutting-edge technologies and next-gen comfort and convenience features, the Hot and Techy Maruti Suzuki Brezza is for everyday & lifestyle use.

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