As India’s fuel demand picks up from April lows, Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, is gradually boosting operations across its refineries and aims to Continue Reading
Tens of thousands of people have booked out seats on Indian trains that are due to restart on Tuesday after a near seven-week lockdown, raising concerns of spreading the coronavirus Continue Reading
India, the fourth-largest importer of liquefied natural gas (LNG) in the world, will boost its imports by one-third over the next three years, but the import growth will depend on Continue Reading
India is working with some Arab Gulf states in an effort to repatriate hundreds of thousands of migrant laborers stranded by the coronavirus pandemic, in what could become one of Continue Reading
Coal India Ltd.’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding demand for India’s most dominant energy source. Shipments dropped Continue Reading
India was nearing 30,000 coronavirus infections on Tuesday, second only to China in Asia, a steady rise that would make it difficult to lift a nearly six-week lockdown that ends Continue Reading
India eased lockdown restrictions on Friday in some parts of the country, allowing markets to reopen in rural areas and outside known hot zones, and alleviating financial stress for tens Continue Reading
Parts of India have recorded dramatic falls in mortality rates after a nationwide lockdown was imposed to fight the new coronavirus, suggesting there has not been an undetected surge in Continue Reading
Merely a month ago India was perceived as one of the main potential winners of the oil price slump – with Middle Eastern differentials dropping beyond any reasonable level, its Continue Reading
Due to plummeting fuel demand and overflowing storage capacity, at least three oil refiners in India have asked for lower crude oil imports for May from the Middle East, including Continue Reading
India is quickly running out of space to store a swelling stockpile of fuel as every possible container — including those in the 66,000 pump stations nationwide — threatens to Continue Reading
As parts of India’s economy started reopening in a phased manner this week, electricity demand was expected to pick up. But official data reveals a surprise drop. Electricity consumption during the Continue Reading
Oil storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption and forced producers and traders to store more oil Continue Reading
India has laid out plans for the gradual reopening of its economy, which will permit some manufacturing, agricultural work and other activities to resume on a limited basis after April Continue Reading
India’s move to extend a countrywide lockdown in its battle against the coronavirus pandemic will not only create more hurdles for trade flows, but also would prompt refiners to cut Continue Reading
If India experiences the same kind of outbreak that better-prepared nations are struggling to manage, the South Asian giant soon could find itself with millions of deaths and a ravaged Continue Reading
India will be under lockdown for nearly three more weeks A day after extending a nationwide lockdown, India has relaxed restrictions on farming, banking and public works, but transport services Continue Reading
India extended on Tuesday a nationwide lockdown for its 1.3 billion people until May 3 as its prime minister warned of economic sacrifices to save lives as the number of Continue Reading
Singapore — India’s jet fuel consumption in March fell 29.86% month on month to 484,000 mt, the lowest in over five years, amid demand destruction on account of a nationwide Continue Reading
India extended its countrywide lockdown until May 3 in its battle against the coronavirus pandemic, a move that would prompt refiners to cut runs further and offer more oil product Continue Reading
Streets across India have been deserted because of the lockdown India will extend a strict nationwide lockdown imposed last month to stop the spread of the coronavirus, a top official Continue Reading
After India’s health ministry repeatedly blamed an Islamic seminary for spreading the coronavirus — and governing party officials spoke of “human bombs” and “corona jihad” — a spree of anti-Muslim Continue Reading
India is planning to restart some manufacturing after April 15 to help offset the economic damage of a nationwide coronavirus lockdown, two government sources said, even as it weighs extending Continue Reading
Seaborne thermal coal traders were unfazed and stressed the importance of imported material in India’s energy mix even as the Indian government urged end-users to keep seaborne cargoes at bay Continue Reading
Oil demand in the world’s third-biggest consumer has collapsed by as much as 70% as India endures the planet’s largest national lockdown, according to officials at the country’s refiners. The estimate for Continue Reading
India, the world’s main supplier of generic drugs, said on Tuesday it will allow limited exports of the anti-malaria drug hydroxychloroquine that U.S. President Donald Trump has touted as a Continue Reading
NEW DELHI (Reuters) – India’s 21-day lockdown is set to end next week but several state leaders have called for an extension or only a partial lifting of restrictions, saying Continue Reading
Indian refiners have raised exports for prompt refined oil product cargoes, seeking buyers to offload supply quickly in a bid to offset a worsening demand-supply balance amid a nationwide lockdown. Continue Reading
India banned all exports of hydroxychloroquine, a malaria drug that President Donald Trump has repeatedly touted as a “game-changer” in the fight against Covid-19. Exports of the drug and its formulations Continue Reading
MUMBAI/DHAKA (Reuters) – Millions of Indians turned off their lights and lit up balconies and doorsteps with lamps, candles and flashlights on Sunday, in response to Prime Minister Narendra Modi’s Continue Reading
Prime Minister Narendra Modi’s call to Indians to switch off lights Sunday evening for nine minutes and instead use candles to “challenge the darkness” of the coronavirus outbreak will mean Continue Reading
Prime minister Narendra Modi warned that if India did not get the next 21 days right it would risk wiping out the gains of 21 years. In South Africa, Cyril Continue Reading
Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, including Saudi Arabia, which Continue Reading
State-run Coal India Ltd. is considering cutting output at some mines, aligning it with a steep drop in demand from power generators amid a countrywide lockdown, according to people with knowledge Continue Reading
India has no plans to extend a 21-day lockdown to slow the spread of the coronavirus, the government said on Monday, as it struggled to keep essential supplies flowing and Continue Reading
India scrambled to squelch an exodus of desperate migrant workers from its cities, warning they could be sent to quarantine camps and assuring that food and other staples would be Continue Reading
The supply of thermal coal in India has been declared as an essential service and officials are to maintain its critical dispatch during the country’s lockdown period, Union Minister of Continue Reading
The global COVID-19 outbreak has taken hold in India slower than in other areas, though the number of cases in the country has spiked in recent weeks. The central government Continue Reading
India’s economy was sputtering even before its leader announced the world’s largest coronavirus lockdown. Now the state-ordered paralysis of virtually all commerce in the country has put millions of people Continue Reading
Significant losses expected for India airlines Traders eye higher exports as domestic demand suffers The lockdown in India has affected India’s aviation sector further amid the coronavirus pandemic as air Continue Reading
India’s prime minister ordered all 1.3 billion people in the country to stay inside their homes for three weeks starting Wednesday — the biggest and most severe action undertaken anywhere Continue Reading
India’s decision on Tuesday to lock down over a billion of its people could pose a grave threat to South Korean and Chinese gasoline exporters as a potential downfall in Continue Reading
Indians breathed easier on Monday as lockdowns ordered to combat the spread of the coronavirus in India’s megacities kept cars off the road and closed factories, improving air quality and Continue Reading
India is locking down large swaths of the country until at least the end of the month, as it seeks to control the spread of the deadly coronavirus following a Continue Reading
The coronavirus outbreak has restricted travel and slowed down industrial activity in India to the point of reducing overall fuel demand in the country by 10-11 percent in the first Continue Reading
Reliance, Nayara were top buyers of Venezuelan crude Both refiners can alter slates for new grades: Platts Analytics US, Mexican crudes can also offer some breathing space Singapore — The Continue Reading
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure Continue Reading
India is aiming to become self-sufficient in thermal coal from the financial year 2023-2024, said Pralhad Joshi, the Union Minister of Coal and Mines Tuesday while chairing a brainstorming session Continue Reading
In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Continue Reading
One of the last bulwarks of global crude demand, India has been in the thick of national NOCs’ attention – Saudi Arabia will from now on participate in India’s Strategic Continue Reading
