Auto Industry
Reuters
Jul 30, 2022, 3:11 AM
Oil prices slid about 2% to a 12-week low in volatile trade, extending the prior session's heavy losses as investors grew more worried energy demand would take a hit in a potential global recession.
3 Min
Reuters | Jul 30, 2022India Imposes Windfall Tax On Oil Producers, Fuel ExportersIndia has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand and increase federal revenues.3 mins read
Reuters | Jul 30, 2022India Boosted Russian Oil Imports In April-May By More Than 400,000 BpdIndia cranked up Russian oil imports by 4.7 times in April - may, or by more than 400,000 barrels per day (bpd), year-on-year, thanks to a price discount.0 mins read
Reuters | Jul 30, 2022Oil Slumps $3/Bbl On Gasoline Stockpiles, Rate Hikes And Resuming SupplyOil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.2 mins read
Reuters | Jul 30, 2022Russia Seeking Oil Payments From India In Dirhams - ReportRussia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions.2 mins read
Reuters | Jul 30, 2022End Of Libyan Oil Blockade To Be Announced Shortly, Two Tribal Figures SayTwo Libyan tribal figures involved in a blockade of oil exports that has reduced output by 850,000 barrels per day said they expect the government-installed National Oil Corporation chief to announce the blockade's end imminently.0 mins read
car&bike Team | Jul 30, 2022Planning To Buy A Used Toyota Etios Sedan? Here Are Things You Need To ConsiderPlanning to buy a used Toyota Etios Sedan? Before you start looking for one, here are some pros and cons you must consider first.1 min read- Reuters | Jul 30, 2022IEA Says Oil Market Walking Tightrope Due To Economic, Supply RisksThe global oil market is "walking a tightrope" between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said, with higher prices and worsening economic conditions already taking a toll on demand.2 mins read
Reuters | Jul 30, 2022S.Korea's LG Energy Solution To Supply Batteries To India's Mahindra -ReportSouth Korean battery maker LG Energy Solution is set to supply batteries to Mahindra & Mahindra's first electric sports utility vehicle (SUV).1 min read
