India and China have stepped up purchases and are importing record volumes of Russian crude. some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep Continue Reading
India will continue to buy “cheap oil” from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. “We will Continue Reading
The Indian government’s latest decision to penalize power plants for not importing coal is a stark contrast to the stance it took a couple of years ago, when it was Continue Reading
Even after three decades of growing wheat and rapeseed on his small plot in Punjab, India’s traditional breadbasket, Inderjit Singh was caught off guard by the heat wave that began Continue Reading
Highlights India cuts excise duties on gasoline and diesel Inflation, based on CPI, hits an 8-year high in April Dated Brent to average $103/b in 2022: Platts Analytics From cutting Continue Reading
High global coal prices dampen imports Cement, steel plants face acute shortage Power shortage seen in several regions Several non-power sectors in Pakistan, including cement and steel plants, are either Continue Reading
India is set to restrict sugar exports as a precautionary measure to safeguard its own food supplies, another act of protectionism after banning wheat sales just over a week ago. Continue Reading
Days of flooding and landslides in parts of Bangladesh and eastern India, have affected millions of people and left more than 50 people dead. Bangladesh’s north-east region has seen some Continue Reading
Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to COVID curbs, upending power demand Continue Reading
Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister Continue Reading
A Bharat Petroleum Corp. refinery stands illuminated at night in the Mahul area of Mumbai. India has stalled the privatization of state-owned refiner Bharat Petroleum Corp. as most bidders walked Continue Reading
India’s power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as Continue Reading
India’s oil products consumption falls 4% on month in April Initial May consumption trend showing healthy recovery signs India’s oil demand to grow 245,000 b/d in 2022: Platts Analytics India’s Continue Reading
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment. “There is a petrol Continue Reading
Traffic travels along a highway shrouded in smog in Lahore, Pakistan in December 2021. The city of more than 11 million people in Punjab province near the border with India Continue Reading
Taking shelter from the scorching heat in Delhi Climate change makes record-breaking heatwaves in northwest India and Pakistan 100 times more likely, a Met Office study finds. The region should Continue Reading
Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorches most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit Continue Reading
Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world’s No. 3 oil Continue Reading
Wheat Soars as India Restricts Exports Wheat jumped by the exchange limit after India’s move to restrict exports, exposing just how tight global supplies are after the war in Ukraine Continue Reading
A diary from New Delhi on a recent day when the city of 19 million struggled to cope with killer temperatures Large parts of northern and central India are bracing Continue Reading
India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the nation’s food security is under threat. Exports Continue Reading
Ban effective May 13 Surprise move puts 2-3 mil mt of wheat supply at stake Traders expect India’s prices to drop India placed a ban on exports as of May Continue Reading
Refiners need to boost competency in petrochemicals, renewables, hydrogen Expanding products portfolio key to diluting risk from volatile global markets Diesel, jet fuel exports gain speed as economies open up Continue Reading
Traders see output falling to 105 million-106 million mt in MY 2022-23 MY 2022-23 exports seen declining to 7 million-8 million mt Export prices rise on concerns over supply tightness, Continue Reading
India has eased environment approvals for coal mine expansions to boost output amid fuel shortages that have triggered hours-long blackouts . Some existing sites will be able to raise production Continue Reading
Indian Railways’ supply of trains to Coal India (COAL.NS) for transporting coal has fallen short of its monthly targets for more than a year, government data showed, highlighting the problems Continue Reading
Record-high April temperatures over Pakistan melted glaciers faster than normal, triggering a flash flood Saturday in a village in the northern region of the country that wiped out part of Continue Reading
India’s liquefied natural gas importers are purchasing extra volumes from Russia at a discount as most other spot buyers shun the fuel. Companies including Gujarat State Petroleum Corp. and GAIL Continue Reading
Toyota Group plans to invest 48 billion rupees ($624 million) to make electric vehicle components in India, as the Japanese carmaker works toward carbon neutrality by 2050. Toyota Kirloskar Motor Continue Reading
A growing food security threat is set to push Indian Prime Minister Narendra Modi into a conundrum: continue sending wheat to countries hit by dwindling supplies from the war in Continue Reading
India is planning to reopen more than 100 coal mines previously considered financially unsustainable, a government official said on Friday, as a power crisis forces the world’s third-biggest greenhouse gas Continue Reading
India’s government ordered coal-fired power plants that run on imported fuel to operate at full capacity to address an escalating energy crisis that’s threatening economic growth. The government took the Continue Reading
Several states yet to act on imports States asked to import 21.8 mil mt, private plants 15.9 mil mt Country invokes rarely used fiat to increase power generation India’s power Continue Reading
Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country’s top refiner, two traders familiar Continue Reading
A power crisis in India that’s delivering hours-long blackouts , halting manufacturing lines and triggering street protests is forecast to continue for months, adding pressure on the nation’s economic rebound. Continue Reading
India defended its continued purchases of Russian oil on Wednesday , saying they were part of its long-standing effort to diversify its supplies and arguing a sudden halt to imports Continue Reading
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with Continue Reading
India registered about 475,000 more total deaths in 2020 than the previous year, government data released months ahead of schedule on Tuesday showed, as the World Health Organization readies its Continue Reading
India this year experienced its hottest March in 12 decades of records, and one of its driest. Next came the third-hottest April, after 2010 and 2016. Then it got even Continue Reading
India is boosting coal production to record highs in an effort to overcome a fuel shortage that has strained the power supply, leading to blackouts during a searing heatwave on Continue Reading
Output may decline by 5 million-6 million mt: government estimates Heat waves seen hitting yields in key states like Punjab, Haryana Dwindling output may limit export opportunity India’s wheat output Continue Reading
India has asked state and private sector utilities to ensure delivery of 19 million tonnes of coal from overseas by end-June, according to a power ministry letter, reflecting an urgency Continue Reading
India’s state-run electricity giant NTPC Ltd. plans to expand its coal-fired power fleet with a first new project in six years, a policy shift that reflects alarm over the nation’s Continue Reading
German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate goals after meeting its Prime Minister Narendra Modi in Berlin on Monday, but the Continue Reading
India’s electricity demand touched a record high in April as its northern states reeled under the hottest pre-summer months in decades, with a surge in the use of air conditioning Continue Reading
A jump in prices has seen growth stall in India’s sales of gasoline and diesel. The three biggest retailers in April sold just 0.3% more diesel than in March and Continue Reading
. A blistering heat wave has scorched wheat fields in India, reducing yields in the second-biggest grower and damping expectations for exports that the world is relying on to alleviate Continue Reading
Saudi Arabia will extend an oil loan facility to Pakistan and is considering rolling over dollar deposits as the South Asian nation looks to rein in one of Asia’s highest Continue Reading
India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its Continue Reading
A record-breaking “heat dome” across northwest India has worsened a severe shortage of coal for power generation and raised the risk of blackouts at hospitals in New Delhi, according to Continue Reading
