NEW DELHI: The share of Middle Eastern crude in India‘s oil imports fell to a 25-month low in May, tanker data provided by trade sources showed, as refiners tapped alternatives in response to the government’s call […]
So far in 2021, 2 petroleum liquids pipeline projects have been completed, and 17 more projects have been announced or are currently under construction, according to updated data in our Liquids Pipeline Projects Database. That […]
Regulatory constraints are posing headwinds for open access-based renewable energy (RE) projects, said ICRA on Thursday. Independent power producers (IPPs) in the renewable energy sector selling electricity in the open access route (third-party or group captive mode) are faced […]
Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections […]
MOSCOW: Russian oil prices from the Volga river region for domestic market supply in July have reached a record high, rising by around 11% from the previous month thanks to stronger oil prices on global markets, Reuters […]
New Delhi: Saudi Arabian oil giant Aramco has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters. Aramco has borrowed tens of billions of dollars in the […]
CHENNAI: Reliance Industries, operator of the world’s biggest refining complex at Jamnagar in western India, will invest $10.1 billion in clean energy over three years in a drive to become a net carbon zero company by 2035. Reliance’s […]
BENGALURU: Reliance Industries Ltd said on Thursday Saudi Aramco chairman Yasir Al-Rumayyan will join the Indian conglomerate’s board. Reliance had announced a sale of a 20% stake in its oil-to-chemicals business for $15 billion in 2019 to Aramco, the world’s […]
Wind capacity in the United States has increased significantly over the past decade, from 40.1 gigawatts (GW) in January 2011 to 118.3 GW at the end of 2020. This wind capacity growth was mostly concentrated […]
In our June 2021 Short-Term Energy Outlook (STEO), we forecast U.S. natural gas prices to increase during 2021 and 2022 from 2020 prices as a result of expected growth in natural gas consumption and natural […]
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