Indicating that there is still some confusion in India’s position on stopping oil imports from Iran in line with sanctions reimposed by the United States, the government said on Wednesday that it does not propose to cancel trade, including oil imports, from Iran.
Opec cut its forecast for global oil demand on Thursday, a move that should help build the case for continuing oil supply curbs from some of the world’s biggest producers in the second half of 2019.
On Monday morning staff based at BP’s head office in central London woke to find that their building had been blockaded by climate protesters. Greenpeace activists put five large steel containers in position to block off the entrances
Brent crude oil dropped below $70 a barrel on Thursday, taking losses over the last two sessions to more than 3 per cent as traders weighed the risks from a US-China trade war and rising inventories in the US.
With election season under way, political leaders across India are debating how best to grow the economy and end the poverty that still affects over 175m people nationally.
“Energy transition” is a phrase that is used more often than it is examined. The idea is straightforward enough: the long shift away from fossil fuels and towards renewables and other forms of low-carbon energy
“Communism is Soviet power plus the electrification of the whole country.”
This year, emerging markets will overtake developed nations in terms of the amount of renewable wind and solar power they have installed, according to Moody’s, the credit rating agency.
The “golden age of gas” has not turned out quite as the forecasters and the gas producers who promoted the slogan a few years ago expected.
Piyush Goyal picks up his smartphone, opens an app and declares the precise number of villages in India without reliable access to electricity: 4,061.