India’s Fuel Demand Tumbles 11 Percent
The coronavirus outbreak has restricted travel and slowed down industrial activity in India to the point of reducing overall fuel demand in the country by 10-11 percent in the first Continue Reading
From Iraq to Canada: Venezuela vacuum intensifies India’s heavy crude search
Reliance, Nayara were top buyers of Venezuelan crude Both refiners can alter slates for new grades: Platts Analytics US, Mexican crudes can also offer some breathing space Singapore — The Continue Reading
Indian Buyers Of Venezuela Oil Vow Compliance As US Sanctions Hit Rosneft
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure Continue Reading
India to stop importing coal from fiscal 2023-2024
India is aiming to become self-sufficient in thermal coal from the financial year 2023-2024, said Pralhad Joshi, the Union Minister of Coal and Mines Tuesday while chairing a brainstorming session Continue Reading
Can Solar Power Compete With Coal? In India, It’s Gaining Ground
In a dusty northwest India desert dotted with cows and the occasional camel, a solar-power plant is producing some of the world’s cheapest energy. Built in 2018 by India’s Acme Continue Reading
Russia And Saudi Arabia Fight For Market Share In This Huge Oil Market
One of the last bulwarks of global crude demand, India has been in the thick of national NOCs’ attention – Saudi Arabia will from now on participate in India’s Strategic Continue Reading
As China suspends fuel contracts, Indian firms go bargain hunting
Firms tap window of opportunity to avail distress deals on crude, LNG meant for consumption in China A novel coronavirus outbreak in China has caused oil demand to plunge in Continue Reading
India announces $40 billion spending on farms, tax cuts to revive faltering growth
India’s government announced a multi-billion dollar package of farm and infrastructure support in its budget for 2020/21 as it blew past its fiscal deficit target for the year, but the Continue Reading
Oil-linked LNG deals add to India’s discomfort as gas prices plunge
India is stepping up pressure on Qatar to re-negotiate term LNG deals and move away from oil-linked contracts as gas prices hit multi-year lows, but any flexibility in the future Continue Reading
Tata launches ‘ecosystem’ to kickstart Indian clean vehicles
India’s Tata Group is making its biggest push yet toward clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, Continue Reading