India is ramping up its efforts to improve its oil security to ensure it can meet the country’s rising energy demands. With prime minister Narendra Modi’s visit to Saudi Arabia last week
India’s Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery in early September, two trade sources said. The tender closes on July 31, with offers valid until Aug. 1
Opec could roll over its regime of production cuts until the end of 2020 as demand from the top oil-consuming countries such as the US, China and India continues to slow, said a report from Jadwa Investment in Riyadh.
India suffers some of the worst air pollutions in world history. Delhi’s pollution is infamous, but air pollution is a national problem. Every district across the Gangetic Plain has annual exposures higher than the National Ambient Air Quality Standards (NAAQS) of 40 micrograms per cubic metres.
State-owned Indian Oil Corp will start producing 0.5% sulfur compliant fuel oil in September 2019, months ahead of the International Maritime Organization’s global sulfur limit rule for marine fuels, but will keep its options open
Fuel price increases will outpace Asian governments’ ability to offset them with subsidies, according to ESAI Energy’s recently published Asia Watch.
Indian state-owned upstream company Oil & Natural Gas Corp. said that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt (499,407 b/d). Natural gas output, on the other hand, rose 3.2% on the year to 6.2 Bcm.
Recent developments in the oil market have led to pronounced uncertainty about the second half of the year.
Essar Ports has said it will invest $63 million (about Rs 4.5 billion) during 2018-19 in expanding the cargo-handling capacity of its Hazira port in Gujarat to 50 million tonnes (mt), raising the company’s capacity to 110 mt, a senior company executive said.
Rising prices of thermal coal, which is burnt to generate electricity, will not significantly impact power prices in India at a time when the market is hit by a shortage of coal.