India’s Nayara Energy wants the government to cut taxes on fuel prices, its chief executive B Anand said on Friday at the BNEF energy summit in New Delhi
India’s coal-fired power generation capacity is expected to rise by 22.4% in three years, the federal power ministry’s chief engineer said on Wednesday, potentially neutralising its efforts to cut emissions by boosting adoption of renewable energy.
Oil prices extended overnight gains on Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude LCOc1 rose 30 cents, or 0.5%, to $64.01 a barrel by 0013 GMT, after gaining 0.4% the previous session.U.S. crude
Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude. Brent crude futures were down 33 cents at $63.13 a barrel by 1102 GMT. Prices rose 1.6% last week.
Oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as “constructive”, suggesting an easing of tensions in the Middle East.
Spot liquefied natural gas (LNG) prices in Asia dropped this week as no substantial demand emerged to offset an oversupply of cargoes in the market. The LNG price for northeast Asia delivery in September is estimated at $4.25 per million British thermal units (mmBtu), a 35 cent drop from the previous week.
Saudi Arabia, the world’s top oil exporter, called on global oil buyers to secure their energy shipments passing through the Strait of Hormuz, Energy Minister Khalid al-Falih said on Thursday.
The Reliance Industries talks to grant a minority stake in its refining assets to Saudi Aramco have hit a roadblock over the valuation and structure of the deal, two people familiar with the matter said.
India’s crude oil production in June fell 6.8% from a year earlier to about 2.69 million tonnes, the lowest since February, provisional data issued by the government showed on Monday.
Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India’s Central Electricity Authority (CEA) showed.