Tag Archives: India

India Hopes for Oil from Iran, Venezuela

India is pinning hope on the resumption of crude oil supplies from Venezuela and Iran. India, the world’s third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices …

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Asian Nations Try to Relieve Energy Price Pain

Asian governments are taking measures to soften the impact of escalating oil and LNG prices on their economies and help consumers with subsidies and tax cuts. However, such measures probably won’t be sufficient to offset the sharp increase in energy prices, which is adding to inflationary pressures. Brent crude oil …

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India Looks to Gulf for Oil to Replace Russian Supply

State-run Indian refiner Bharat Petroleum Corp is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude, a source familiar with the matter said. BPCL, India’s second biggest state refiner, on average buys two million barrels of Russian Urals every …

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India Aims to be Green Hydrogen Hub

India has unveiled the first part of a drive to attempt to turn the world’s third-largest emitter of greenhouse gases into a “hub” for green hydrogen. Green hydrogen is produced using non-fossil fuel power and is then used in carbon-heavy industrial processes like making steel and concrete, and for transportation. …

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U.S. Talks to China, Japan, India about Sending Gas to Europe

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

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