India, China Look To Form ‘Oil Buyers Club’
India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude Continue Reading
India Will Buy Iranian Crude Despite U.S. Sanctions
India will continue importing Iranian crude despite U.S. sanctions, India’s Foreign Minister Sushma Swaraj said ahead of a meeting with her Iranian counterpart Mohammad Javad Zarif. Swaraj said, as quoted Continue Reading
India Won’t Pay For Venezuelan Oil With ‘Petro’ Cryptocurrency
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister Continue Reading
India’s Fuel Price Problem Needs Urgent Solution
Soaring gasoline and diesel prices in India require urgent action, Oil Minister Dharmendra Pradhan told media, and the government is trying to find a solution to the problem, which comes Continue Reading
Analysis: India could provide Iranian crude with stable outlet at least in near term
Indian refiners could offer Iran some respite at least for the next few quarters as the South Asian crude oil importers are keen to adhere to their term supply contract Continue Reading
Riyadh works to allay India’s concerns about oil prices
India should rest assured that Riyadh will do its part to ensure its economy can move forward in the face of higher oil prices, the Saudi energy minister said. Saudi Continue Reading
Land acquisition woes thwart India’s mega refinery plan with Saudi Aramco
At the International Energy Forum in Delhi in April, the world’s top oil producer Saudi Aramco inked a preliminary deal here to partner with a consortium of Indian players to Continue Reading
India’s state power plants resume coal imports amid domestic shortages
State-run thermal power plants in India’s coastal states have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country’s Continue Reading
New beginning: First ship for India’s strategic oil reserve to set sail today
India is set to receive its first ever crude oil consignment for storing in the newly built strategic oil reserve at Mangaluru as India’s petroleum minister Dharmendra Pradhan and Abu Continue Reading
India Is The Best Bet For National Oil Companies
The prospect of peak oil demand is a threat to oil companies around the world, but a much more serious threat to national oil companies, who are responsible for keeping Continue Reading
Indian Railways carries 50.32 million mt coal in April, up 18% on year
State-owned Indian Railways carried 50.32 million mt coal during April, up 18% year on year, data released by the Directorate of Statistics and Economics on Tuesday showed. Of the total, Continue Reading
Higher Oil Prices Could Jeopardize India’s Economy
India—the world’s third-largest oil importer—is one of the biggest losers of the higher oil prices in recent months, as the increased price of oil widens its trade deficit, puts more Continue Reading
Venezuela Offers India 30% Discount On Oil…If It Pays In Cryptocurrency
Venezuela has offered India a 30-percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first Continue Reading
Can India Break Its Oil Addiction?
India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a Continue Reading
Pakistan lifts fuel oil import ban to address power cuts
Pakistan has lifted a ban on fuel oil imports to address the problem of planned power cuts as energy consumption rises towards the summer season, an official with the petroleum Continue Reading
BP sees $6 billion in gas investments in India
British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion. “These new developments will produce Continue Reading
OPEC defends oil industry in India
The legacy of oil refining in India, one of the world’s largest economies, shows the industry can develop with little risk to the climate, OPEC’s leader said. Mohammad Barkindo, the Continue Reading
India needs broad-based energy support, IEA says
The Indian economy needs a balanced energy sector where growth in renewables is complemented by deeper invests in exploration and production, the IEA said. IEA Executive Director Faith Birol has Continue Reading
Aramco Inks $44 Billion Downstream Deal In India
The refinery portion, to be located on India’s West Coast, will be able to refine 1.2 million barrels per day, and goes a long way towards satisfying both India’s and Continue Reading
India’s misguided war on solar panel imports
In the hinterlands of eastern Uttar Pradesh and Bihar in the Indian heartland, there are few reasons for optimism. Trains wind their way across the plains at speeds barely improved Continue Reading
BP pegs gas strategy to growth in India
British energy company BP says natural gas operations in India, one of the fastest growing economies in the world, is part of a long-term strategy. The British energy company is Continue Reading
BP Bets Big On India
BP expects up to a tenth of its total earnings to come from India over the next ten years, but not from oil: the company will focus on natural gas, Continue Reading
BP sees 5-10 percent of global earnings from India
Oil giant BP Plc expects almost a tenth of its global earnings from India over the next decade as it bets big on natural gas output, marketing and renewable initiatives Continue Reading
SoftBank, China’s GCL team up for $930 million Indian solar venture
SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its ambitious India Continue Reading
India’s Reliance Sells Texas Shale Assets For $100MM
Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $100 million, as the Continue Reading
Russian Arctic natural gas comes to India
It was the first ever shipload of Russian Arctic LNG to India. And more is to come. According to Lev Feodosev , Deputy Chairman of Novatek’s Management Board, the Asian Continue Reading
Aramco Seeks Majority Stake In Massive Indian Refinery
Saudi Aramco is negotiating the acquisition of a majority stake in a massive oil refining complex set to be built in the western Indian state of Maharashtra, India’s Economic Times Continue Reading
Water Scarcity: India’s Silent Crisis
As Cape Town inches towards ‘Zero Hour’ set for July 15, 2018, the real threat of water scarcity is finally hitting millions of people worldwide. For on that day, the Continue Reading
India inaugurates mega solar project
French energy company ENGIE said Monday it was expanding its presence in the renewable energy sector in India, one of the world’s ffastest-growing economies. French President Emmanuel Macron met Monday Continue Reading
Shell looks to meet growth in LNG trucking in Asia
Royal Dutch Shell is planning to build a truck loading facility at its Hazira liquefied natural gas (LNG) terminal on India’s west coast as it looks to meet demand from Continue Reading
Grids from Turkmenistan, Afghanistan and Pakistan could be connected
The grids of Turkmenistan, Afghanistan and Pakistan could be connected to bolster regional energy security, a regional lender said. File photo by Jawad Jalali/EPA-EFE Feb. 28 (UPI) — The electricity Continue Reading
India’s Oil Demand Will Not Peak Soon, Ties With Saudi Will Be Key
The exaggerated attention on ‘peak demand’ for oil, a point in time when demand growth for oil peaks and has started to decline, is misplaced, the authors argue, partly because Continue Reading
Russia mulls LNG option for Pakistan
Russia could help improve energy security for Pakistan through the delivery of liquefied natural gas, the Russian foreign minister said Tuesday. Russian Foreign Minister Sergei Lavrov spoke Tuesday with his Continue Reading
India Will Lead Global Oil Demand By 2035
Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in Continue Reading
Iran Ready To Share Its Oil, Gas Resources With India
“Iran is rich in oil and natural gas resources. It is ready to share the natural resources with India for its development and progress,” Indian media quoted Rouhani as saying Continue Reading
India’s January Crude Oil Imports Hit Record High
High refinery runs and expanding refining capacity amid a strong recovery in demand pushed India’s crude oil imports to a record 4.93 million bpd in January 2018, up by double Continue Reading
Soaring Indian Oil Demand Grabs OPEC’s Attention
Last week, we discussed changing trends in Iraqi crude flows into Asia . Total deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked Continue Reading
Pakistan restricts fuel oil imports as consumption falls – Oil
Pakistan has imposed restrictions on fuel oil imports with immediate effect, as domestic consumption declines amid rising LNG imports and the shutdown of several fuel oil power plants. A new energy Continue Reading
Coal India misses December output target by 4.26 million mt
State-owned Coal India Limited produced 54.63 million mt of coal in December 2017, falling short of its 58.89 million mt target, the company said in a filing to the Bombay Continue Reading
How China Is Killing India’s Solar Industry
The Indian government’s target is to boost installed solar power capacity more than five-fold to 100 gigawatt (GW) by 2022. The problem, though, is India meets about 85 percent of Continue Reading
India challenges China as world’s biggest LPG importer
India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts Continue Reading
Pakistan’s LNG transition to halve fuel oil demand by 2020
Pakistan’s fuel oil demand is expected to fall sharply over the next three years as growing LNG imports help the country move to a gas-based energy economy. Fuel oil demand Continue Reading
Environmentalists Ask: Is India’s Government Making Bad Air Worse?
A man feeding seagulls on the Yamuna River in New Delhi, India, in November. The city is one of the world’s most polluted capitals. NEW DELHI — As millions of Continue Reading
Pollution stops play at Delhi Test match as bowlers struggle to breathe
A cricket Test match between India and Sri Lanka was repeatedly interrupted on Sunday with claims players were “continuously vomiting” due to hazardous pollution levels in the Indian capital. Commentators Continue Reading
The Energy Goliaths Driving Global Demand
The two countries, world leaders in population size, will be crucial drivers in world economic growth and the consumption of energy. But measuring future trends with any accuracy has been Continue Reading
India opens first-ever EV charging station
Choking from high levels of air pollution, a state-owned oil company in India opens the nation’s first-ever charging station for electric vehicles. In announcing a first, a state-owned oil company Continue Reading
Smog chokes Indian capital as emergency measures fail to bring relief
A thick cloud of toxic smog 10 times the recommended limit enveloped India’s capital, New Delhi, on Monday, as government officials struggled to tackle a public health crisis that is Continue Reading
In India, Air So Dirty Your Head Hurts
A toxic cloud has descended on India’s capital, delaying flights and trains, causing coughs, headaches and even highway pileups, and prompting Indian officials on Wednesday to take the unprecedented step Continue Reading
Delhi, Blanketed in Toxic Haze, ‘Has Become a Gas Chamber’
The toxic haze blanketing New Delhi was so severe on Tuesday that politicians announced plans to close schools, flights were delayed and the chief minister of Delhi state said the Continue Reading
Delhi reintroduces car rationing to curb pollution
More than a third of the city’s three million private cars were off the road during the trial period last year The government in the Indian capital, Delhi, has reintroduced Continue Reading