OPEC Secretary-General Mohammad Barkindo said global spare oil capacity was shrinking, adding that producers and companies should increase their production capacities and invest more to meet current demand.
Wood Mackenzie's solar analyst Rishab Shrestha said India faces a myriad of challenges in the renewables industry.
India may achieve about 76 per cent of the target of having 175 gigawatts of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges, Wood Mackenzie said Monday. India is targeting 100 GW
India needs to completely re-frame its oil policy and the country’s oil companies must venture into storage technology because that is where the energy future lies, according to NITI Aayog Chief Executive Officer (CEO) Amitabh Kant.
The rupee has fallen to fresh record lows after a surge in global oil prices and on expectations that it could start hurting India’s import bill. The slide was triggered chiefly by July’s trade deficit that widened to $15.8 billion on the back of pricier oil.