Stories with this tag.
The road transport ministry has amended the Central Motor Vehicles Rules to recognise E100, nearly pure ethanol, for flex-fuel vehicles, alongside E85. The change, notified on 23 October, clears the way for makers to launch such vehicles. Ordinary petrol cars and E20 cars should not use E100.
Brent crude settled at $116.72 a barrel on Friday, its highest close since 29 April and the third weekly gain in a row. The rally rests on expectations of a US and Israeli strike on Iran after the US midterms and Houthi attacks on Saudi targets, not on a confirmed loss of supply.
Prateek Rawat4 min
India bought $3.6 billion of Venezuelan oil in the first five months of the fiscal year, against $255 million in all of the last, and could pass $15 billion if the pace holds, says the Global Trade Research Initiative. It advises buying for price, not investing in oilfields.
Prateek Rawat4 min
The US Secretary of State toured the world's largest single-site refinery with the Ambani family on Wednesday. Washington wants more Venezuelan and American crude refined in India, and US diesel prices are a midterm worry. No trade-deal remarks were reported from the visit.
Amita Sahani4 min
