India’s Russian oil imports since Ukraine war soar New Delhi feels it lost out when Iranian sanctions imposed Wants to buy cheap oil, in part because China doing same Officials Continue Reading
It’s that time of the year again when heavy rains in the Indian city of Mumbai and nearby areas have disrupted the lives of millions of people in the country’s Continue Reading
It takes a lot to shake confidence in Reliance Industries Ltd, 500325 0.80%▲ India’s most valuable company. An unprecedented windfall tax on fuel exports, which pushed the stock down by as much as 9% on Continue Reading
India’s windfall tax on oil companies and refiners, introduced last week, could stay for a very long time, as the government plans to withdraw it only when oil prices drop Continue Reading
The Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list Continue Reading
Sri Lanka’s energy minister has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Kanchana Wijesekera Continue Reading
Pakistan’s headline inflation accelerated in June amid higher food and fuel costs even as the nation closes in on a International Monetary Fund bailout. Consumer prices rose 21.32% last month Continue Reading
Oil barrels and a metro train in Faridabad, India. Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become Continue Reading
India’s diesel exports in May posted a growth of 15.2% compared with the previous month and are set to rise further, as the arrival of monsoon rains is expected to Continue Reading
Sri Lankan citizens were put on a virtual lockdown amid a crippling sovereign debt crisis that’s left the South Asian nation with no fresh fuel supplies. The island nation’s cabinet Continue Reading
Authorities in northeastern India are airdropping water packets, sending kerosene supplies and racing to restore power after heavy rains drowned the city of Silchar, in the state of Assam. It’s Continue Reading
India’s flood-hit areas are forecast to receive heavy rains this week, with 532 people losing their lives so far across the nation during the monsoon season and hundreds of thousands Continue Reading
India’s intake of Russian crude oil has soared 50-fold since April and, to date, makes up a tenth of the subcontinent’s imported oil, the Economic Times reported today, citing a Continue Reading
Pakistan is facing an escalation of its power crisis after it failed to agree a deal for natural gas supply next month. State-owned Pakistan LNG Ltd. scrapped a purchase tender Continue Reading
The Indian government has asked state oil companies to scoop up huge volumes of cheap crude from Russia, according to industry executives, strengthening commercial ties with the country even as Continue Reading
Scientists say that climate change was likely to have made the rains that unleashed catastrophic flooding across Bangladesh worse. While South Asia’s monsoon rains follow natural atmospheric patterns, the rains Continue Reading
Floods in South Asia wreaking havoc Monday hindered authorities’ efforts to deliver food and drinking water to shelters across Assam in northeastern India and north and northeastern regions of Bangladesh. Continue Reading
India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data Continue Reading
Monsoon rains caused widespread flooding in northeastern Bangladesh and India, stranding nearly 6 million people, authorities said on Saturday, warning the situation could worsen. The flooding in Bangladesh, described by Continue Reading
India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil Continue Reading
China, India importing 1 mil b/d more Russian crude Urals trading at almost $40/b discount to Dated Brent EU looks to US, Norway, Egypt to fill crude supply gap Russian Continue Reading
Highlights Govt imposes restrictions on power, energy consumption Hydroelectric shortages, record temperatures exacerbate crisis Gas-based power utilities cut operations on fuel shortage The Pakistan government is pushing to curb electricity Continue Reading
Europe’s campaign to quit Russian fuel is designed to punish Moscow for its invasion of Ukraine . It’s also wreaking havoc thousands of miles away from the conflict, plunging Pakistan Continue Reading
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas NEW DELHI, June 13 (Reuters) – Russia Continue Reading
India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Continue Reading
On paper, India’s economy has had a banner year. Exports are at record highs. Profits of publicly traded companies have doubled. A vibrant middle class, built over the past few decades, is now Continue Reading
Sri Lanka may be compelled to buy more oil from Russia as the nation faces shortages amid an unprecedented economic crisis, its prime minister told the Associated Press. Prime Minister Continue Reading
India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-biggest oil consumer was in the Continue Reading
The Biden administration’s leading international energy adviser has called on India not to go “too far” as it increases imports of discounted Russian crude that has lost buyers in Europe. Continue Reading
India is continuing to grapple with a severe and protracted power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia’s invasion of Ukraine Continue Reading
Russia’s Rosneft (ROSN.MM) is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales Continue Reading
Pakistan will reduce its official work week to five days from six in a bid to reduce energy and fuel consumption as part of an energy conservation plan approved by Continue Reading
Highlights India recently allowed 469,000 mt wheat exports Traders anxious after Turkey rejected Indian vessel Wheat-fertilizer swap deal with Egypt in focus India’s May exports fall 23% on month after Continue Reading
Pakistan’s foreign exchange reserves fell below $10 billion, threatening to spillover into a fullblown economic crisis unless policy makers secure a loan from the International Monetary Fund. The stockpile decreased Continue Reading
India’s dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, restricting optimism and weighing on consumers’ pocketbooks, Continue Reading
India reported 4,041 new Covid-19 infections on Friday — the highest single-day jump since March 11 — stoking fears of another wave building up in some parts of the densely-populated Continue Reading
7.01 GW capacity set to be commissioned in 2022-23 39 thermal coal plants under construction India added 8 plants with 4.49 GW capacity in 2021-22 India is expected to commission Continue Reading
There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high Continue Reading
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% Continue Reading
Pakistan aims to sign a long-term liquefied natural gas purchase deal in a bid to secure future supply and ease crippling blackouts. The South Asian nation intends to float a Continue Reading
Pakistan ’s headline inflation quickened to the highest level in more than two years in May on rising food and fuel prices amid a weakening currency. Consumer prices rose 13.8% Continue Reading
Sri Lanka’s headline inflation quickened more than expected in May amid continuing food and fuel shortages, even as the country struggles to lift itself out of its worst economic crisis. Continue Reading
Plans to help save 34.7 million mt coal Estimated carbon emission reduction by 60.2 mil mt Move aimed at meeting green energy targets India’s federal power ministry plans to reduce Continue Reading
India plans to phase down at least 81 coal-fired utilities over the next four years, the federal power ministry told top energy department officials of state and federal governments in Continue Reading
Highlights Vessel expected to return to Kandla port by mid-June Indian traders concerned about vessels headed to Egypt, other nations Indian trade ministry may clear exports up to 1 mil Continue Reading
A man walks across the dried bed of the Belan river on May 20. The monsoon arrived earlier than normal in India, raising hopes that output of crops like rice Continue Reading
State-run Coal India (COAL.NS) , the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages Continue Reading
India’s annual monsoon, which delivers about 70% of the country’s rainfall, arrived on the coast of southern Kerala state on Sunday, the state-run India Meteorological Department said, two days ahead Continue Reading
India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening Continue Reading
Indian companies with stakes in two Russian assets are unable to repatriate 8 billion roubles ($125.49 million) in dividends due to tough western sanctions, an official at Oil India Ltd Continue Reading
