The International Energy Agency (IEA) warned that rising global gas consumption and geopolitical tensions may complicate supply as countries approach winter, the German news agency dpa reported. According to the agency’s latest report, industrial demand, particularly from Asia, is driving a significant increase in gas usage. The agency projected global …
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China has been stepping up its natural gas purchases as well as facilitating construction in recent years, as part of efforts to ensure sufficient energy supply amid its green transition, said industry experts. The country is looking to sign more deals to avoid future shortages and reduce dependence on spot …
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Union Petroleum and Urban Affairs Minister Hardeep S Puri on Friday assured that the Indian petroleum industry was at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030. Interacting with the media at the inaugural event of the South …
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Oil demand is set to rise above pre-pandemic levels by the end of next year, the International Energy Agency (IEA) said yesterday, but producers have sufficient capacity rise to the challenge. In its first detailed look at next year in its regular monthly review of the oil market, the IEA …
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Dangling tax credits and rebates in his drive to fight climate change, United States (US) President Joe Biden wants you to trade your gas-burning car, truck or SUV for a zero-emissions electric vehicle (EV). Some buyers would find his offer persuasive. Yet Biden’s goal is a daunting one: Even if …
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