The fully laden Indian Oil Corp., or IOC, chartered super tanker is still on fire, and eight ships and tugs are trying to salvage the cargo and prevent an oil Continue Reading
India’s economy contracted by an annualized 23.9 percent in the quarter ending in June, when Prime Minister Narendra Modi imposed a draconian coronavirus lockdown. The gross domestic product contraction was Continue Reading
The nation, the world’s third-most infected, on Sunday reported 78,761 new cases in 24 hours, passing the number posted in the US on 17 July. The rise comes as the Continue Reading
India reported 78,512 novel coronavirus infections on Monday, more than any other country but fewer than the previous day when it posted the world’s biggest, single-day tally, as authorities looked Continue Reading
ndia must stop building coal infrastructure and focus on renewable power generation to aid the global fight against climate change and lift its citizens out of poverty, United Nations Secretary-General Continue Reading
It took more than five months for India to reach the bleak milestone of 1 million cases of the novel coronavirus. The next million came in just 21 days. The third Continue Reading
A team of researchers in India has introduced an eco-friendly and energy-efficient battery that is being touted as “the future” of batteries — not only for the automobile world but Continue Reading
Indian refiners have stopped buying crude oil from Chinese sellers, according to a Reuters report that cited unnamed sources. The move, according to the report, comes as a result of Continue Reading
The aspiration of bp to transform to an integrated energy company will strengthen its hands to play a much bigger role in India’s transition toward cleaner fuels like gas, hydrogen Continue Reading
Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky Continue Reading
Amid strained relations between India and China, Indian state-held oil firms have stopped chartering China-owned or flagged tankers for import or export of oil and oil products, Bloomberg reported on Continue Reading
Indian equities declined, halting their longest run of gains in three weeks, as economic growth concerns resurfaced amid a steady increase in new infections. The S&P BSE Sensex fell 0.4% Continue Reading
Surging diesel prices may be squeezing farmers across India’s vast hinterlands, but they’re also kindling the nation’s knack for improvisation. Frugal workarounds, or hacks in modern parlance, are celebrated in Indian Continue Reading
On a scorching summer day in northern India, Ajay Singh sat next to his water pump and scanned his 10 acres of farmland. He once used to grow rice each Continue Reading
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners Continue Reading
India, the country hardest hit in Asia by the coronavirus pandemic, reported on Friday a record daily jump in infections, taking its total number of cases over two million. It Continue Reading
Hopes that India’s oil demand will recover in the second half of the year is fading fast as some provinces implement partial lockdowns to battle the COVID-19 pandemic, prompting refiners Continue Reading
Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, doesn’t expect its capacity utilization to return to pre-pandemic levels in the near future, IOC’s chairman S.M. Vaidya told Continue Reading
Torrential rains have submerged at least a quarter of Bangladesh, washing away the few things that count as assets for some of the world’s poorest people — their goats and Continue Reading
More than half of the residents in the densely populated slums of India’s financial capital of Mumbai had been exposed to the coronavirus and developed antibodies as of early July, Continue Reading
More than half of residents in several of Mumbai’s slums may have been infected with coronavirus, a study has found, suggesting that the spread of Covid-19 in India could be Continue Reading
After decades of dominance, America’s largest energy company Exxon Mobil Corp. (NYSE: XOM), has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries Continue Reading
Narendra Modi has cultivated a reputation for making dramatic decisions to respond to India’s complex policy challenges. Addressing the nation on primetime television about coronavirus on March 24, the prime Continue Reading
Few global projects receive the same amount of praise and criticism as China’s Belt and Road Initiative (BRI) does. Regardless of one’s opinion, the BRI is President Xi’s signature foreign Continue Reading
India’s oil-to-telecoms conglomerate Reliance Industries surpassed on Friday Exxon as the world’s second most valuable firm doing business in energy after Saudi Arabia’s oil giant Aramco. Reliance Industries is the Continue Reading
On a scorching summer day in northern India, Ajay Singh sat next to his water pump and scanned his 10 acres of farmland. He once used to grow rice each Continue Reading
New Delhi has reported one of the highest rates of coronavirus infection of any major city, surpassing a figure recorded in New York as nearly a quarter of people in Continue Reading
As the coronavirus pandemic accelerates in the world’s second-most-populous nation, India has crossed a once-unthinkable threshold: 1 million confirmed cases, joining the United States and Brazil in a club no Continue Reading
India’s push toward embracing hydrogen is gaining speed as some of the country’s top energy companies, such as Indian Oil Corp., Reliance Industries and Adani Group, are increasingly highlighting the Continue Reading
Heavy flooding is worsening in parts of Bangladesh, with over 1 million villagers marooned or leaving their homes for higher ground along with their cattle and other belongings, officials and Continue Reading
Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz , and it has endured Iran’s repeated Continue Reading
India has deferred the resumption of international commercial flights until July 31 from its previous announcement of July 15 while also curtailing some domestic flights, marring the prospects of an Continue Reading
India has over-taken Russia with the world’s third-highest number of novel coronavirus cases, at nearly 700,000, according to the latest data, as the outbreak shows no sign of slowing. Health Continue Reading
Citigroup Inc. sharply lowered its forecast for India’s economy as the coronavirus pandemic shows no sign of slowing. The nation’s gross domestic product will contract 6% in the fiscal year Continue Reading
The world’s fastest-growing oil market is showing an uneven recovery two months after easing demand-destroying virus-control measures. Provisional fuel sales in June had climbed within 88% of 2019 levels from less Continue Reading
Fuel demand in India, the world’s third-largest oil importer and third-largest oil consumer, is set to rebound to pre-crisis levels by the end of September, Indian Oil Minister Dharmendra Pradhan Continue Reading
Pakistan’s oil marketing companies are likely to import more spot barrels of motor fuels soon as the recovery in domestic demand amid low refinery run rates threatens to draw down Continue Reading
From March through May, around 10 million migrant workers fled India’s megacities, afraid to be unemployed, hungry, and far from family during the world’s biggest anti-Covid lockdown. Now, as Asia’s third-largest Continue Reading
Indian stocks dropped on concern that increasing coronavirus infections and the extension of restrictive measures in some states will hinder a recovery in Asia’s third-biggest economy, which has just begun Continue Reading
The city witnessed widespread protests on Wednesday as residents, angered by prolonged blackouts and water shortages amid rising temperatures and a pandemic, took to the streets. Various neighborhoods, including Korangi, Landhi, Continue Reading
Pakistanis recently witnessed a repeat of the 2015 petroleum shortage. The reason was, once again, the falling global prices and the attempt by the oil industry to avoid inventory losses. Continue Reading
India’s refinery capacity utilization picked up in May to an average of 77 percent after the world’s third-largest oil importer started to ease the nationwide lockdown, data from the oil Continue Reading
Series of announced and unannounced Power load-shedding in different cities including Lahore has gone up amid scorching heat. According to the details, with the increase in the intensity of heat, Continue Reading
ndia has taken an historic step towards ending the state monopoly on the mining and selling of coal by auctioning 41 mines in the country, a move that allows private companies Continue Reading
India’s onward march to boost its renewable energy capacity and build domestic capacity for making solar equipment got fresh impetus when Adani Green Energy Ltd won a bid to make Continue Reading
The world’s third-largest crude oil importer, India, plans to double its refining capacity by 2030 from the current 5 million barrels per day (bpd), Oil Minister Dharmendra Pradhan said at Continue Reading
New Delhi’s regional government has been accused of under reporting coronavirus deaths as the country eases its strict lockdown in an attempt to kick-start the economy. Senior doctors and hospital executives Continue Reading
India’s oil demand has rebounded from levels witnessed during the lockdown, prompting refiners to raise throughput, but consumption will struggle to recover to year-ago levels in coming months and keep Continue Reading
Businesses in India from car dealers to clothing retail chains are ready for customers as the economy reopens, but shoppers are holding back. “While the supply situation seems to be nearly Continue Reading
The World Health Organization has recommended Pakistani authorities reimpose “intermittent lockdowns” of targeted areas to curb the spread of the novel coronavirus, stating the country did not meet the global Continue Reading
