A senior official of the International Energy Agency (IEA) said India is emerging as a “major driving force” in global energy trends, with all modern fuels and technologies playing a part.
India is emerging as a “major driving force” in global energy trends, with all modern fuels and technologies playing a part, a senior official of the International Energy Agency (IEA) today said.
Due mainly to lower supply from Nigeria, Algeria and Iraq, the OPEC crude output in the month of October dropped by 80,000 barrel per day, the Oil Market Report for November has revealed.
India has signed joint work programmes with the International Energy Agency (IEA) and some key members at IEA’s latest ministerial meeting in Paris
If there’s one success story being written in India, it’s that of renewable energy. By the government’s own reckoning, despite India’s energy needs likely to double over the next seven years (going by the current rate of economic growth), the nation is likely to meet two-fifths of its electricity needs with renewable sources by 2030.
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.
Solar power was the fastest-growing source of new energy worldwide last year, outstripping the growth in all other forms of power generation for the first time and leading experts to hail a “new era”.
U.S. diesel stockpiles did something this year that has never happened in the summer before: They shrank.
Taking their cues from a slowing growth in the Chinese refining sector and rising shale output in the US, the global oil market slightly weakened on Monday.
Energy consumption in India is expected to double by 2035 and the demand will continue to rise for more than a decade, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Wednesday.