Cars
car&bike Team
Jul 31, 2022, 5:34 AM
Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.
2 Min
Reuters | Jul 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.2 mins read
Reuters | Jul 31, 2022Oil Prices Extend Gains After EU Bans Most Russia Oil ImportsEuropean Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 20222 mins read- Reuters | Jul 31, 2022Oil Edging Higher Supported By The Prospect Of A Tight MarketU.S. petrol stocks fell by 482,000 barrels to 219.7 million barrels, U.S. Energy Information Administration said. The start of summer driving season in the United States normally entails increased consumption.2 mins read
Reuters | Jul 31, 2022India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In RussiaEuropean countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.1 min read- car&bike Team | Jul 31, 2022Oil Falls 2% On Powell Comments, Hopes For Venezuela SupplyRussia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.2 mins read
- Reuters | Jul 31, 2022Oil Gains 1.5%, Posts Another Weekly Rise On Supply ConcernsOil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.2 mins read
Reuters | Jul 31, 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- Reuters | Jul 31, 2022Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude BanHungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about 750 million euros ($800 million) to upgrade its refineries and expand a pipeline from Croatia.2 mins read
