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There are still a lot of unknowns about how China's uptake of EVs will play out, such as whether full electrification can ever be achieved
Trump is looking to win votes in Michigan, a key swing state in the 2024 presidential election that is home to the Detroit Three automakers
Russia banned gasoline exports for six months from March 1 except to a Moscow-led economic union and some countries, with which it has direct inter-government agreements on fuel supplies
According to sources' calculations, it could bring in additional 10%, or between 300,000 metric tons and 350,000 tons a month, of gasoline to the domestic market, enough to meet rising seasonal demand
The ban, first reported by Russia's RBC, was confirmed by a spokeswoman for Deputy Prime Minister Alexander Novak, President Vladimir Putin's point man for Russia's vast energy sector
This time, the ban will not extend to member states of the Eurasian Economic Union, Mongolia, Uzbekistan and two Russian-backed breakaway regions of Georgia - South Ossetia and Abkhazia
India's goal of raising ethanol blending in petrol to 20% from 2025/26 remains intact, Oil Secretary Pankaj Jain said
Beijing is owed more than $1 trillion in BRI project debt, says report
BPCL is seeking to sell at least 40,000 metric tons of 10ppm sulphur gasoil loading Oct. 26-27 from Kochi, according to a document seen by Reuters
Russia has announced a ban on exports of gasoline and diesel fuel, aiming to stabilise rising domestic prices and improve the country's fuel supply. The government decree issued on Thursday said the restrictions would be temporary but did not give a date for them ending. The move was expected to lead to increased fuel prices in the world market. Russia's exports of diesel fuel are estimated at about 9,00,000 barrels a day and the country has exported 60,000-1,00,000 barrels of gasoline daily, state news agency Tass reported. Tass said domestic fuel prices dropped by about 4 per cent after the ban was announced. The ban will not apply to other countries in the Moscow-led Eurasian Economic Union trading bloc Armenia, Belarus, Kyrgyzstan and Kazakhstan.
The local sale of diesel by private refiners is also denting sales by state-run companies, the official said
Heavy rains in some growing areas and hotter-than normal temperatures last month hit output of the crop, causing a fivefold increase in prices this year
Monsoon rains also reduce demand from the agriculture sector as less irrigation-related requirements decrease
While Toyota and other Japanese carmakers pioneered hybrid technology, they have been slow to ramp up EV output
Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity
The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday
The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries
Sales of gasoline and gasoil by Indian state-run retailers declined in January from the previous month as cold weather in parts of the country
On a daily basis, consumption of gasoline rose marginally in December compared to the previous month
Global Avgas market is expected to grow from the current $ 1.92 billion to $ 2.71 billion by 2029