Auto Industry News
EU Bans Most Russian Oil; Zelenskiy Calls Donbas Situation 'Extremely Difficult'
European Union leaders agreed to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province.
Israel Signs Major Trade Deal With Gulf State UAE
May 31, 2022 07:28 PM
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
Oil Prices Extend Gains After EU Bans Most Russia Oil Imports
May 31, 2022 07:20 PM
European Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 2022
Global Refiners Falter In Efforts To Keep Up With Demand
May 31, 2022 06:27 PM
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers
India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
May 31, 2022 06:20 PM
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
Oil Jumps 4% As U.S. Gasoline Prices Hit Record High
May 31, 2022 04:20 PM
Oil prices rose about 4% as U.S. gasoline prices jumped to a record high.
India Weighs Selling Part Of BPCL Instead Of Full Stake - Report
May 31, 2022 04:18 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.
Oil Settles Up As Supply Risks Outweigh Economic Worries
May 31, 2022 04:17 PM
Oil 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.
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
May 31, 2022 04:16 PM
Long 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.
Upcoming Launches
