India Putting Floor Beneath Oil Prices As Demand Continues To Soar
If oil prices are to continue their strong rally, they will have India to thank. India has emerged as the “star performer” of the oil markets, the IEA wrote in Continue Reading
U.S. and India Agree U.S. Company to Build Six Nuclear Reactors
The U.S. and India have agreed to move forward with the construction of six nuclear reactors in India by an American company, the first such contract since the countries signed Continue Reading
Millions of New Vehicles in India Give Oil Prices a Lift
India’s rapid economic expansion—especially its growing appetite for cars—has fueled that nation’s oil consumption. The latest rebound in oil prices is getting help from an unexpected source: surging demand from Continue Reading
Could A New Type Of Bike Solve India’s Electricity Problems
Free Electric Bike India has tremendous potential as an economic powerhouse of the future, but it also faces some significant development challenges. India’s population is on track to be the Continue Reading
India May Lose Prize Iranian Gas Field To Saudi Arabia
India’s state-owned oil and gas giant ONGC risks losing a massive Persian Gulf gas field in a contracting hurdle, as it races against Saudi Arabia to extract gas reserves from Continue Reading
Iran and India sign port deal, other economic agreements
India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say Continue Reading
Pray for Shade: Heat Wave Sets a Record in India
NEW DELHI — People weren’t frying eggs on the sidewalks in Phalodi during India ’s hottest day ever — in fact, it was so hot that many did not venture Continue Reading
Oil-for-Drugs Swap: India’s Answer to Venezuela’s Unpaid Bills
Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American company swap Continue Reading
Hottest day recorded in India’s Rajasthan
Image caption The weather office has issued several warnings of “severe heat wave” conditions in recent days A city in India’s Rajasthan state has broken the country’s temperature records after Continue Reading
For Fuel-Importing India, $50 Oil Seen as Economic Sweet Spot
India hasn’t run out of luck just yet. While oil that plunged below $30 a few months ago helped India contain inflation and shrink its trade deficit, a rebound to Continue Reading