The EU refuses to relax its strict vehicle emission rules, despite pressure from automakers who struggle to meet the 2025 reduction targets and the 2035 ban on new gasoline and diesel cars.
Saudi Arabia is expected to ship in January the highest crude oil volumes to China in three months, after the world’s top crude exporter cut its prices for Asia for next month, trade sources told Reuters on Thursday. Saudi Arabia plans to ship a total of 46 million barrels of crude oil to the world’s largest crude importer in January, the highest volume since October. January deliveries will be significantly higher than the 36.
Demand for Saudi crude in China has increased in recent weeks after two consecutive months of price cuts by the Kingdom following signs of weaker demand and weakening Middle Eastern oil benchmarks. Higher prices for Iranian supply in China and uncertainty about future Iranian volumes in view of the incoming Trump administration have also pushed up demand for Saudi crude among Chinese refiners.
EU Emissions Electric Vehicles Climate Change Regulations Car Manufacturers 2025 Deadline 2035 Ban Auto Industry
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