Auto Industry
car&bike Team
May 31, 2022, 4:18 PM
India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd after failing to attract suitors for the whole firm.
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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
car&bike Team | May 31, 2022U.S. Agency Asks Tesla For Information On Canadian Fire IncidentThe NHTSA told Reuters the agency "is aware of the incident and has reached out to the manufacturer for information."1 min read
car&bike Team | May 31, 2022G7 Calls On OPEC To Play Key Role To Ease Global Energy SuppliesMinisters from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.1 min read
car&bike Team | May 31, 2022EU Fails To Agree On Russia Oil Embargo, To Try Again Monday Before SummitThe proposed sanctions on oil imports is part of the European Union's sixth sanctions package on Russia over its invasion of Ukraine.1 min read
car&bike Team | May 31, 2022India Aims To Cut Power Output From At Least 81 Coal-Fired Plants Over 4 YearsThe plan aims to maximize green energy potential and save costs but will not involve shutting down old and expensive power plants.1 min read
