Tag Archives: Business Line

India, the world’s fourth largest crude oil refiner, is expected to add one million barrels per day (mb/d) of refining capacity in the next five years. According to the latest refining capacity numbers by the International Energy Agency (IEA), India will increase its refining capacity from 5.2 mb/d in 2022 …

Crude oil futures gained on Wednesday morning as industry data in the US showed more-than-expected decline in inventories last week. At 10.30 am on Wednesday, October Brent oil futures were at $92.92, up 0.5 per cent, and September crude oil futures on WTI were at $87.39, up by 0.85 per …

The energy crunch in China has some obvious winners, with coal and liquefied natural gas (LNG) prices surging to record highs, but the outlook for other commodities is more mixed and dependent on how the crisis plays out. China’s officials have been scrambling in recent days to ensure that the …

With India’s power sector development over the next two decades set to take place against a backdrop of increasing water stress, the International Energy Agency (IEA) has advised that water management challenges be addressed while boosting power capacity. The agency has come out with two key priorities to ensure a …

India has emerged as the top buyer of US crude in the first quarter of calendar year 2021 from second-biggest buyer last year as the world’s third largest oil consumer looks at alternate sources of crude amidst a spat with Saudi Arabia, the world’s largest producer, to lift output curbs, …

Oil production in the US has continued to expand and now stands at a record level of 12.9 million barrels a day.

Coal is responsible for 30 per cent of all energy-related carbon dioxide emissions.

US oil fell for a second day on Tuesday. amid little sign of progress on US-China trade talks.

China is also opening its commodity futures markets to international investors in an effort to expand its currency'.s value. the yuan.

The sanctions had driven away most of the country'.s foreign customers and operators.