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Auto Industry
car&bike Team
May 31, 2022, 11:12 PM
The ban on seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said.
1 Min
car&bike Team | May 31, 2022EU Leaders Agree To Ban Export Of Russian Oil To The Bloc: EU Council PresidentEU Council President Charles Michel said, the European Union leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc.1 min read
car&bike Team | May 31, 2022Oil Climbs Above $121 A Barrel As China Eases Restrictions, EU MeetsOil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.1 min read
car&bike Team | May 31, 2022IIT-Madras Team Developing Zinc-Air Batteries For Electric VehiclesA team of researchers from IIT-Madras is developing Zinc-air batteries electric vehicles which are said to have a longer shelf life than lithium-ion batteries and are more economical.1 min read
car&bike Team | May 31, 2022Iran Says Crew Of Two Seized Greek Tankers Not Detained And Are On BoardIranian forces seized two Greek tankers in the Gulf, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast.1 min read
car&bike Team | May 31, 2022EU Summit To Agree Sanctions Should Include Russian Oil Embargo With Pipeline ExemptionThe 27 EU member countries would "address the issue of the temporary exception for crude oil delivered by pipeline as soon as possible."1 min read
car&bike Team | May 31, 2022Mercedes-AMG E 63 S Final Edition Revealed; Marks The End For the Current E 63The Final Edition is limited to just 999 units and is available in both sedan and estate bodystyles.1 min read- car&bike Team | May 31, 2022U.S. Oil Settles Below $100 A Barrel On Economic Worries, Strong DollarU.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.1 min read
car&bike Team | May 31, 2022Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor SaysSri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.1 min read
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