Auto Industry

car&bike Team

May 27, 2022, 8:58 PM

Indian April Crude Processing Rises As Cheap Russia Oil Boosts Returns

Diesel supply has become a global concern since sanctions against Russia reshaped fuel trade and sent international inventories to historic lows.

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  car&bike Team | May 27, 2022

  India To Continue Buying 'Cheap' Russian Oil, Discount To Be Finalised - Source

  Without elaborating further, the official added that no final decision had been taken and all possible ways to pay for goods were still under discussion.

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  Reuters | May 27, 2022

  Russian Oil's Achilles' Heel: Insurance

  Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.

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  car&bike Team | May 27, 2022

  Blast At Spanish Biodiesel Plant Kills Two

  The plant is operated by privately-owned company Iniciativas Bioenergeticas which produces biodiesel and glycerine there from recycled vegetable oils.

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  car&bike Team | May 27, 2022

  India's ONGC To Sell Stake, Seeks Global Help To Develop Fields

  ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

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  car&bike Team | May 27, 2022

  U.S. Seizes Iranian Oil Cargo Near Greek Island - Sources

  The vessel's Russian owner Transmorflot was subsequently designated on May 8. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged.

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  Reuters | May 27, 2022

  Taiwan's Delta Electronics Expanding 'Everywhere' on EV, Server Boom

  More traditional automakers such as Ford Motor Co, not just Tesla, are seeing their EV sales soar, a trend that will continue to Delta's benefit, he added.

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  Reuters | May 27, 2022

  Asia Shares Join Global Rebound On Easing Of Fed Hike Fears, China Tech Boost

  Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers

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  car&bike Team | May 27, 2022

  India's ONGC To Boost Exploration With $4 Billion Investment Over 3 Years

  India, the world's third biggest oil importer and consumer, ships in over 80% of its oil needs. Asia's third largest economy wants to monetise its oil and gas resources to cut its import bill.

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