Auto Industry News
Oil Surge Fans Inflation Fears, Dampens Stocks
Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe's decision to slash Russian oil imports, high U.S. summer demand and the easing of Chinese lockdowns at a time of tight global crude supply.
EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil Imports
May 31, 2022 11:21 PM
Two thirds of the Russian oil imported by the EU comes via tanker and one third by the Druzhba pipeline. The embargo on seaborne oil imports would therefore apply to 2/3 of all oil imported from Russia.
EU Agrees Russian Oil Sanctions, Gives Hungary Exemptions
May 31, 2022 11:12 PM
The ban on seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said.
EU Leaders Agree To Ban Export Of Russian Oil To The Bloc: EU Council President
May 31, 2022 10:56 PM
EU Council President Charles Michel said, the European Union leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc.
Oil Climbs Above $121 A Barrel As China Eases Restrictions, EU Meets
May 31, 2022 10:50 PM
Oil 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.
IIT-Madras Team Developing Zinc-Air Batteries For Electric Vehicles
May 31, 2022 10:45 PM
A team of researchers from IIT-Madras is developing Zinc-air batteries electric vehicles which are said to have a longer shelf life than lithium-ion batteries and are more economical.
Iran Says Crew Of Two Seized Greek Tankers Not Detained And Are On Board
May 31, 2022 10:40 PM
Iranian forces seized two Greek tankers in the Gulf, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast.
EU Summit To Agree Sanctions Should Include Russian Oil Embargo With Pipeline Exemption
May 31, 2022 10:36 PM
The 27 EU member countries would "address the issue of the temporary exception for crude oil delivered by pipeline as soon as possible."
Mercedes-AMG E 63 S Final Edition Revealed; Marks The End For the Current E 63
May 31, 2022 09:59 PM
The Final Edition is limited to just 999 units and is available in both sedan and estate bodystyles.
Upcoming Launches
