Energy News Beat Publishers Note: This is due to Saudi Arabia’s leadership in cutting oil production. This will be a short-term gain. The United States overtook Saudi Arabia as India’s second-biggest oil supplier after Iraq […]
TOKYO — The U.S., Australia, Japan, and India are on the verge of joining hands to build a rare-earth procurement chain to counter the dominance China plays in supplying these crucial elements to makers of […]
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil […]
India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two […]
Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc – a step that now opens the possibility of […]
India’s energy sector investments are set to more than double from $70-80 billion per year now to around $150 billion within ten years, a top executive of the International Energy Agency (IEA) has said. Addressing […]
International oil prices rose after OPEC and its allies ignored India’s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the […]
India, once the center of global oil demand growth, expects its fuel consumption to bounce back during the coming year as the nation recoups the losses caused by Covid-19. Demand for gasoline, diesel and other […]
Energy News Beat Publishers Note: It is a good thing for India to voice its concern before Thursday and Friday’s meetings of OPEC. The policies for price manipulation have been tough to enforce, and increased […]
Government is all set to walk away with the highest level of excise duty collection from the petroleum sector this year, even as fuel consumers continue to face persistent increase in petrol and diesel prices that has […]
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