New Delhi: Middle East crude oil has been a mainstay of the Indian refining sector for many decades. India imports about 85 per cent of its annual crude oil requirements. The country imported about 4.1 million barrel per day […]
NEW DELHI: As Tesla firms up its plans to roll out its first all-electric car in India this year, the Elon Musk-run company has hired top executives in the country who has taken charge of some of […]
MOSCOW: President Vladimir Putin said on Wednesday he wanted Russia’s total net greenhouse gas emissions to be less than the European Union‘s over the next 30 years, a goal he described as tough but achievable. Russia is the […]
CALGARY, Alberta, April 22, 2021 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks […]
The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all […]
Artificial intelligence, the cloud, robots – these are concepts and products we associate with the IT industry. But there is one notoriously traditional, slow to innovate industry that is now determined to make it part […]
The accelerating adoption of electric vehicles (EVs) and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 million barrels per day (bpd), which would be just […]
SEATTLE–(BUSINESS WIRE)–Amazon (NASDAQ: AMZN) today announced nine new utility-scale wind and solar energy projects in the U.S., Canada, Spain, Sweden, and the UK. The company now has 206 renewable energy projects globally, including 71 utility-scale […]
According to EIA analysis, planned refinery outages during the second quarter of 2021 are unlikely to cause a significant shortfall in the supply of petroleum products in the United States, particularly in transportation fuels including […]
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 436,000 barrels for the week ending April 16. Analysts had predicted a draw of 2.860 million barrels for the week. In the […]
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