Auto Industry
car&bike Team
May 31, 2022, 7:20 PM
European Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 2022
1 Min
car&bike Team | May 31, 2022Global Refiners Falter In Efforts To Keep Up With DemandRefiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers1 min read
car&bike Team | May 31, 2022India 10-Year Bond Yield Rises To 3-Week High; GDP Data In FocusIndia's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.1 min read
car&bike Team | May 31, 2022Oil Jumps 4% As U.S. Gasoline Prices Hit Record HighOil prices rose about 4% as U.S. gasoline prices jumped to a record high.1 min read
car&bike Team | May 31, 2022India Weighs Selling Part Of BPCL Instead Of Full Stake - ReportIndia is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd after failing to attract suitors for the whole firm.1 min read
car&bike Team | May 31, 2022Oil Settles Up As Supply Risks Outweigh Economic WorriesOil prices settled slightly higher as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand.1 min read
car&bike Team | May 31, 2022Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver SuppliesLong queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.1 min read
car&bike Team | May 31, 2022EU Not Ready To Agree Russia Oil Ban, Leaders Say"We're not there yet," European Commission President Ursula von der Leyen said. Estonian Prime Minister Kaja Kallas said it was more realistic to expect an agreement next month.1 min read
car&bike Team | May 31, 2022India's Imports Of Cheap Russian Crude Surge Since Ukraine InvasionThe volumes of India's seaborne oil imports from Russia exclude CPC Blend oil, which is also exported via Russia's Black Sea port, but mostly supplied by Kazakhstan's subsidiaries of western countries as transit volumes.1 min read
