With India likely to receive its first shipment of Liquefied Natural Gas (LNG) from the US next month, US energy secretary Rick Perry is scheduled to hold talks with petroleum minister Dharmendra Pradhan and coal and railways minister Piyush Goyal on March 1 with a focus on crude oil, LNG and cleaner coal technologies.
The U.S. shale revolution could prove to be a game changer for India, if the latest report from the International Energy Agency (IEA) is to be believed.
The United States are set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said today.
The US on Friday ratcheted up pressure on India, blocking a request from New Delhi that calls for allowing a World Trade Organization (WTO) compliance panel to determine whether India has removed the mandatory domestic content requirements.
The latest surge in US oil output will probably hasten the country’s rise to the top of the producer pile.
India will press Saudi Arabia and the US, the world’s biggest oil producers, this month for a reduction in oil prices to provide relief to fuel consumers, Oil Minister Dharmendra Pradhan said today.
Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and US crude output hit record highs, adding to concerns about a sharp rise in global supplies.
A high-level delegation of American energy industry has expressed their interest in investing in India’s fast expanding energy sector.
The European Union (EU) and China have this week lodged separate filings with the World Trade Organization (WTO) that seek consultation with the U.S. over the imposition in January of tariffs on imported crystalline silicon solar cells and modules.
Crude oil on Wednesday held mostly steady as concerns about volatility in global markets offset an unexpected drop in US inventories. Brent crude futures edged down 11 cents to $66.75 a barrel by 0951 GMT, while US West Texas Intermediate (WTI) crude futures eased 12 cents to $63.27 a barrel.