India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16% this year.
Gone are the days when the global crude oil cartel could threaten big customers like India with price spurts. Trying to reduce dependence on crude requirement and steadily moving to electric vehicles (EV)
The big bright spot for U.S. coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of U.S. coal, according to the U.S. Energy Information Administration.
The Indian Railways has come up with yet another exciting offer giving an opportunity to explore places associated with Lord Ram. In its latest offering, the railways will run a special train named after Lord Ram covering the destinations associated with the mythological character in India and Sri Lanka, an official statement said.
The growing use of electric vehicles could increase peak electricity demand in Britain by between 5 and 8 gigawatts (GW) by 2030, National Grid said on Thursday.
If 40 per cent of India’s electricity comes from renewables by 2030 (from 7.5 per cent in February 2018), the country could add about 3 million new jobs, according to a report by the International Labour Organization (ILO), an arm of the United Nations.
Electricity-starved Bangladesh has hit upon a novel model that involves wheeling power from projects being set up in India across the fuel sources to help meet its energy demands, said a top official in the Sheikh Hasina-led government.
India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices.
Shares of Tesla were rallying overnight, up more than 2 per cent, after a report said the electric-car maker was planning to build a factory in China that could produce 500,000 vehicles a year. That would double Tesla’s production and likley bring new opportunities for ASX-listed battery metals producers.
Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd. bid for 32 licenses, Chief Executive Officer Rajeev Sharma said Wednesday, while its joint venture with Indian Oil Corp. bid for 20.