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Ship-tracking data and trade sources say Vietnam has, for the first time in eight years, directly imported diesel produced by India’s Reliance Industries after Hanoi removed fuel import taxes in March to widen supply. About 70,000 tonnes of diesel fr

2026-08-17

Ship-tracking data and trade sources say Vietnam has, for the first time in eight years, directly imported diesel produced by India’s Reliance Industries after Hanoi removed fuel import taxes in March to widen supply. About 70,000 tonnes of diesel from Reliance’s Jamnagar refinery was loaded onto Panamax vessel Magic Victoria and discharged Aug. 14-16 at PetroVietnam’s Yunfeng terminal in Khanh Hoa province. LSEG and Kpler data show Vietnam’s diesel imports had previously come mainly from South Korea and other Southeast Asian suppliers; the tax removal follows Middle East shipping risks that pushed buyers to seek nontraditional sources.

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2026-08-17

Iran President Pezeshkian said on the 16th that a memorandum of understanding signed with the United States two months ago to end the conflict was reached on the basis of preserving Iran’s dignity and demonstrating strength, and did not involve surre

Iran President Pezeshkian said on the 16th that a memorandum of understanding signed with the United States two months ago to end the conflict was reached on the basis of preserving Iran’s dignity and demonstrating strength, and did not involve surrender to the enemy. He said the MoU was drafted after careful consideration and expert discussion. IRNA reported the speaker of the Islamic Consultative Assembly said on the 15th the Iran-US MoU wins national honor and consolidates a diplomatic victory.
2026-08-17

1. Tesla's next-generation Roadster is expected to be unveiled as early as this month, with plans to demonstrate SpaceX's cold gas propulsion technology. 2. CATL is the sole supplier for Australia's largest operational battery storage project in the

1. Tesla's next-generation Roadster is expected to be unveiled as early as this month, with plans to demonstrate SpaceX's cold gas propulsion technology. 2. CATL is the sole supplier for Australia's largest operational battery storage project in the national electricity market. 3. Fujian Province is focusing on four major sectors: new energy storage, new energy vehicles and components, offshore wind power, and advanced nuclear energy. 4. Geely Automobile's revenue exceeded 170 billion yuan in the first half of 2026, with core net profit attributable to shareholders surging by 46%. 5. Volkswagen China launched its self-developed full-scenario assisted driving system, expected to be implemented in its three joint ventures starting in Q3. 6. BNP Paribas: European auto stocks are undervalued; the AI benefit logic needs to wait for market consensus to form. 7. Ferrari's first electric car, the Luce, sold for $40 million, becoming the most expensive new car ever auctioned. 8. Turkey's per-vehicle production fell by 8.1% year-on-year in the first seven months. 9. A new report from the Center for Automotive Research (CERNET): The US auto industry must catch up with China's pace. 10. VinFast signed a memorandum of understanding with Gowa Motor to develop a joint venture project for electric vehicle distribution in Indonesia.
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