India will start operating a new liquefied natural gas (LNG) import facility in western Gujarat state by the end of next month, as part of the nation’s steps to build infrastructure for a gradual rise in gas use.
Oil prices hit their highest since November 2014 on Tuesday, topping four-year highs from the previous day, as looming US sanctions against Iran and reluctance by the Organization of the Petroleum Exporting Countries to raise output supported markets.
India’s Tata Power Company plans to offer a range of services from advice and financing to installation and maintenance as it strives to increase its share of the market for rooftop solar panels, a senior executive said on Tuesday.
One of the standout commodity performers this year has been thermal coal, but not all coal is created equal and disparities in pricing may help explain why India’s imports have stayed strong despite the higher costs.
India imported about 523,000 barrels per day (bpd) of oil from Iran in August, down 32 percent on a month earlier, preliminary tanker arrival data showed, as the United States steps up pressure on buyers to halt Iranian energy imports from November.
Shipments of West African crude to Asia are set to reach a record high in August, driven by a surge in demand from Indian refiners, who will take more oil from the region than at any time since mid-2015.
Iran said on Saturday it would resist the pressures of U.S. sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran.
If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system.
India has launched an investigation into subsidised production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said.
India to offer 26 areas under its second licensing round for discovered oil and gas fields – government statement
