Russia remained the largest crude supplier to India in November, accounting for 38% of India’s total crude oil imports. However, imports from the country registered a marginal decline of 4% to 1.60 million barrels per day, against 1.67 million barrels per day in October, data from Vortexa showed. The country …
Read More »OPEC: Oil Sector Needs $14 Trillion Investments Globally by 2045
The global oil market will require an investment of $14 trillion by 2045 to meet the rising energy demand of the world, said Haitham al-Ghais, Secretary General of the Organisation of Petroleum Exporting Countries on Tuesday. “The demand for oil will continue to rise and there is a need to …
Read More »India’s Imports of Russian Oil Fall to Seven-Month Low in August
India’s import of cheap Russian oil plunged to lowest in seven months in August as monsoon rains dampened demand, industry data showed. The world’s third largest oil consumer reduced imports from Russia for a third consecutive month in August. It took 1.46 million barrels a day from Russia in August, …
Read More »BP Working with Reliance to Boost EV Charging
BP is expanding alternate fuel options in India, CEO Bernard Looney said. Speaking on the sidelines of the B20 Summit, he said BP and partner Reliance Industries have expanded charging stations for EVs to 3,000 now, from 750 in January. “That’s going to be so critical for India… not just …
Read More »UAE, Iraq Regain Share in Indian Oil Basket
The United Arab Emirates and Iraq have started regaining their share in India’s oil import basket as the world’s largest oil exporters Saudi Arabia and Russia plan to keep their production low to boost the prices. Russia, however, continues to hold 42% of the share. While the UAE increased its …
Read More »India’s Imports from OPEC at all-Time Low as Russian Oil Buy Peaks
Oil producers cartel OPEC‘s share in India’s oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent …
Read More »Coal to Dominate India Power Mix despite Record Renewables Push
Coal will remain India’s largest source of electricity generation by 2030 and additional new plants will be required, even as the nation adds record clean energy installations to hit climate targets. India, the world’s third-largest emitter, is seeking to meet surging electricity demand driven by rising per-capita energy consumption and …
Read More »India’s Russian Oil Imports Hit Record High in Feb; Now more than Iraq, Saudi Put together
India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel …
Read More »Bosch to Develop Technology for Hydrogen Generation
Bosch is planning not only to use green hydrogen but also to be one of the companies producing it. To do so, Bosch is branching out into the development of components for electrolyzers, which use electrolysis to split water into hydrogen and oxygen. “We cannot afford to delay climate action …
Read More »Japan’s Imports Hit Record Highs on Surging Energy Prices
Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday. Japan’s imports last month surged 41% from the same month a year earlier. Exports rose 17.5% from the previous year, on stronger shipments of autos and …
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