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
