Auto Industry
car&bike Team
May 31, 2022, 11:26 PM
Tehran seized the Greek ships on Friday after Athens impounded the Iranian-flagged Pegas in April. The United States, which has imposed a tough sanctions regime on Iran, confiscated the Iranian oil cargo that was on the Pegas.
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car&bike Team | May 31, 2022Oil Surge Fans Inflation Fears, Dampens StocksBrent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.1 min read
car&bike Team | May 31, 2022EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil ImportsTwo thirds of the Russian oil imported by the EU comes via tanker and one third by the Druzhba pipeline. The embargo on seaborne oil imports would therefore apply to 2/3 of all oil imported from Russia.1 min read
car&bike Team | May 31, 2022EU Agrees Russian Oil Sanctions, Gives Hungary ExemptionsThe 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 read
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
