An unusually early, record-shattering heat wave in India has reduced wheat yields, raising questions about how the country will balance its domestic needs with ambitions to increase exports and make Continue Reading
India’s severe heat waves are expected to stretch into early next month, meaning millions of people will have to endure more days of dangerous temperatures and hours-long blackouts . The Continue Reading
A spate of high-profile battery fires is undermining India’s bid to become a leader in electric vehicles, particularly in the ubiquitous two-wheelers that ply the country’s traffic-clogged roads. Social media Continue Reading
Summer began early this year in India Millions of Indians are experiencing a brutal heatwave that is throwing lives and livelihoods out of gear – and there is no relief Continue Reading
Utility stockpiles sufficient for seven days Rangebound freight may be aiding trades: trader Buyers benefit from elevated spot market tariff Indian thermal coal buyers have started to pay very high Continue Reading
India’s power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global Continue Reading
The timing could not have been better: Indian coal importers have been scouring for cargoes in a tight and expensive global market, and along comes an opportunity to access precious Continue Reading
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
India proposed a battery-swapping program to expedite the adoption of electric scooters and rickshaws as it tries to curb pollution and tackle climate change. The policy, which will be valid Continue Reading
Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine, Reuters reported on Friday, citing Continue Reading
The Indian states of Punjab, Uttar Pradesh and Andhra Pradesh have been forced into blackouts as of Thursday as power supplies are cut off due to a major increase in Continue Reading
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
Three of India’s most industrialized states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push Continue Reading
Soaring prices of liquefied natural gas (LNG) and coal on the international markets have left Pakistan, the world’s fifth-most populous nation, with having to cut electricity supply to households and Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of burn Payment Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Continue Reading
The agency has calculated that 15 million people have died as a result of the pandemic, far more than earlier estimates, but has yet to release those numbers. A mass Continue Reading
Indian Oil Corp (IOC) (IOC.NS) has excluded several high-sulfur crude grades, including the Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants Continue Reading
Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials Continue Reading
India ramped up crude oil purchases from Russia despite warnings from Washington not to do so. India’s relations with the U.S. seemed to have improved during a brief struggle with Continue Reading
India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its Continue Reading
India’s top electricity producer NTPC Ltd’s (NTPC.NS) coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as Continue Reading
India’s foreign minister said on Wednesday the government is working to stabilize economic transactions with Russia, a day after India condemned the killings of civilians in Ukraine and called for Continue Reading
India on Tuesday condemned the killings of civilians in Ukraine’s Bucha and called for an independent investigation, having earlier declined to explicitly criticise the invasion of Ukraine by its long-time Continue Reading
India’s coal production rose 8.6% to 777.2 million tonnes during the year ended March 2022, the government said on Friday, driven by a surge in power demand due to an Continue Reading
Complications with supply to the US, Asia driving Russian pivot to East Sanctions leading to Russian crude selling at significant discounts Russian trade in currencies other than the dollar, euro Continue Reading
U.S.: India buying more crude from Russia could expose it to a “great risk” in light of more sanctions against Moscow. Kpler data: Indian purchases of Russian oil had jumped Continue Reading
In response to Putin’s aggression in Ukraine, many countries have introduced total bans on Russian crude. As a result, Russia has been forced to sell its oil at a heavy Continue Reading
India’s electricity shortage from March 1 to March 30 was its worst since October 2021, a Reuters analysis of government data showed, driven by a surge in demand. As generators Continue Reading
Sri Lanka has bought coal from the Singapore unit of Russian coal trader SUEK AG and will pay in U.S. dollars, two senior officials said, as it looks to address Continue Reading
May force India to rely on imports of oilseeds, pulses Current fertilizer stocks at sharply low levels Global prices high India’s farmers are likely to face a sharp rise in Continue Reading
India has cut coal supplies to the non-power sector and put on hold plans for some fuel auctions for utilities without supply deals due to a slump in inventories, even Continue Reading
India is not considering buying oil from Russia using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Continue Reading
India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Continue Reading
NAGAON, India (AP) — Plans to build a sprawling solar park on land cultivated for generations by indigenous farmers in India’s Himalayan foothills erupted in violent clashes with police last Continue Reading
India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the Continue Reading
Russia has exported 360,000 barrels a day of oil to India in March so far, nearly four times the 2021 average as buyers weigh up major discounts against public opinion Continue Reading
Oil storage containers are seen on the shore of the Mediterranean Sea in the southern city of Ashkelon January 27, 2015. REUTERS/Amir Cohen NEW DELHI, March 18 (Reuters) – Iran Continue Reading
India’s central bank is in initial consultations on a rupee-rouble trade arrangement with Moscow that would enable exports to Russia to continue after western sanctions restricted international payment mechanisms. The Continue Reading
India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russia’s invasion of Ukraine, Continue Reading
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid Continue Reading
The city skyline covered by haze in Mumbai. Mumbai announced detailed plans to zero out carbon emissions by 2050, a target that puts it two decades ahead of India’s national Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Continue Reading
India is working out a mechanism to facilitate trade with Russia using local currencies, with a decision expected as early as next week, according to people familiar with the matter. Continue Reading
The chief executive of ONGC Videsh, India’s second-largest oil and gas company, on Sunday confirmed talks between India and the U.S. State Department are underway to allow the company to Continue Reading
The Indian rupee tumbled to a record low, while stocks and bonds also slumped as a relentless surge in oil prices darkened the nation’s economic outlook. India relies on overseas Continue Reading
Highlights High flat crude prices to create inflationary pressure: Platts Analytics Search for answers if SWIFT would work for legitimate Russian oil trades SPR crude an option if global prices Continue Reading
Almost two years after India went into the world’s biggest lockdown to slow the spread of COVID-19, students headed back to school in Maharashtra state on Wednesday, a sign of Continue Reading
