Europe Car Sales Drop the Most in 10 Months as EV Growth Slows
Registrations dropped 5.1% to 1.24 million vehicles, the European Automobile Manufacturers' Association said Thursday. While demand for battery-electric cars continues to rise, sales grew at the slowest pace this year.
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India Oil Refiners Squeezed by Anti-Russia Push From US and EU
(Bloomberg) -- Indian oil refiners are being hemmed in by both the US and European Union's stepped-up efforts to target Russian energy flows, with processors scrambling to buy crude from other sources. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus We Should All Be Biking Along the Beach A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels. President Donald Trump criticized the country's purchases of Russian energy and weapons as he said the US would impose a relatively high import tariff of 25% on Indian exports from Friday. Even before Trump's announcement, state-owned refiners had been issuing purchase tenders for unusually prompt arrival dates. Indian Oil Corp., the country's biggest processor of crude, issued a buy tender for oil arriving in late September to early October on Thursday, shortly after awarding a similar one for roughly the same delivery dates. Bharat Petroleum Corp. purchased Middle Eastern and West African crude varieties this week also for delivery in the late-September to early-October period. Typically, tenders issued at this time would be for crudes which are set to arrive in mid-to-late October. Refiners in India had already been hit by the EU's intention to ban imports of diesel made in the country from Russian crude. They're now having to cope with a White House that's become markedly more strident on Moscow's energy flows. The processors are currently seeking clarity from New Delhi as to how their oil purchases will be affected. India bought about 1.63 million barrels a day of Russian oil last year, more than a third of its total imports, according to ship-tracking data compiled by Bloomberg. Those volumes have largely held up so far this year. As well as the geopolitical challenges, Indian refiners are also having to deal with less crude coming from Russia, and rising prices. Russia Builds a New Web Around Kremlin's Handpicked Super App Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Wild discount codes – save 25% in August 2025
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Bloomberg
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India Oil Refiners Squeezed by Anti-Russia Push From US and EU
By and Rakesh Sharma Save Indian oil refiners are being hemmed in by both the US and European Union's stepped-up efforts to target Russian energy flows, with processors scrambling to buy crude from other sources. A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels. President Donald Trump criticized the country's purchases of Russian energy and weapons as he said the US would impose a relatively high import tariff of 25% on Indian exports from Friday.
