Auto Industry
car&bike Team
May 27, 2022, 9:22 PM
South Korea's third largest refiner, S-Oil Corp, has suspended production of several processing units after a blast at its Onsan refinery.
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Reuters | May 27, 2022Hungary Must Work With EU On Russian Oil Embargo - German Economy MinisterAmong the 27 EU member states, Hungary is the most vocal critic of the planned embargo on Russian oil.1 min read
Reuters | May 27, 2022Indian Oil Minister Says Oil At $110 A Barrel Not SustainableIndia's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable1 min read
car&bike Team | May 27, 2022Indian April Crude Processing Rises As Cheap Russia Oil Boosts ReturnsDiesel supply has become a global concern since sanctions against Russia reshaped fuel trade and sent international inventories to historic lows.1 min read
car&bike Team | May 27, 2022India To Continue Buying 'Cheap' Russian Oil, Discount To Be Finalised - SourceWithout elaborating further, the official added that no final decision had been taken and all possible ways to pay for goods were still under discussion.1 min read
Reuters | May 27, 2022Russian Oil's Achilles' Heel: InsuranceRussia 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.1 min read
car&bike Team | May 27, 2022Blast At Spanish Biodiesel Plant Kills TwoThe plant is operated by privately-owned company Iniciativas Bioenergeticas which produces biodiesel and glycerine there from recycled vegetable oils.1 min read
car&bike Team | May 27, 2022India's ONGC To Sell Stake, Seeks Global Help To Develop FieldsONGC 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.1 min read
car&bike Team | May 27, 2022U.S. Seizes Iranian Oil Cargo Near Greek Island - SourcesThe 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.1 min read
