Debjit Chakraborty Saket Sundria Bloomberg
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As India Faces Power Crunch, Potential Next Steps In Coal Crisis
Coal-fired power stations have an average of four days' worth of stock of the fuel, according to the latest data, and more than half the plants are already on alert for outages. Power Minister Raj Kumar Singh has warned.
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Mukesh Ambani-Backed Technology Sees Good Business During Virus
As India gets battered by Covid-19, keeping many away from their workplaces, one segment of its energy market is flourishing by cutting out labor-intensive tasks at some of the world's biggest refining complexes.
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Fuel In Mumbai Costs Almost Twice As Much As In New York
Fuel costs have been ratcheted up to current levels by combined effects of rising Brent prices and numerous tax hikes over the past few years.
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Oil Companies Turn To Spot Crude Amid Cuts By OPEC+, Covid
Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy
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Fuel-Tax Hikes Putting Brakes On Recovery Of Virus-Hit Economy: Analysts
The central government raised levies on diesel and petrol in March and then again in early May as the coronavirus battered the economy.
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Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani
Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.
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World's Biggest Lockdown Slashes Oil Demand By 70% In India
The estimate for the current demand loss is a stark reminder of the challenge facing oil producers as they haggle over a deal to cut supply and prop up the global energy industry.
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India Scrambles For LPG Ahead Of Festivals As Saudi Attack Hits Supply
Fuel retailers in India are scampering for liquefied petroleum gas ahead of the nation's most celebrated festival, as demand looks set to climb just as drone attacks on Saudi Arabian facilities hurt exports.
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Mukesh Ambani's $4 Billion Investment Hurt By Glut In Natural Gas
The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to less than $5.
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US-Iran Conflict Brewing, India's Emergency Oil Reserve Can Last 9 Days
The country imported 84 per centof its crude in the last financial year, government data show, and two of every three of those barrels was sourced from the conflict-prone region.
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As Iran Sanctions, 2019 Polls Loom, PM Modi's Tightrope Walk On Fuel
India's growth monikers -- the world's fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.
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Oil Morphs From PM Modi's Blessing To Burden. This Is Why
While low prices helped shrink deficits as PM Modi cut subsidies after taking the reins of Asia's third-largest economy in 2014, a 33 percent jump in global benchmark crude since June has lifted oil close to $65 a barrel.
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Mukesh Ambani's Reliance, In Rarity, Posts Profits That Lag Behind Estimates
Reliance Industries Ltd.'s 1.24 million barrel-a-day facility features highly advanced units designed to process the globe's heaviest types of crude, which have historically been cheaper than lighter varieties because they are more difficult to break down into fuels.
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Saudi Aramco Plans 'Mega Investment' In India, Eyes Refinery Business
The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies.
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India Gives Iran $11 Billion 'Best Offer' To Develop Giant Gas Field
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a "reasonable return" on the project, according to the company leading the group.
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As India Faces Power Crunch, Potential Next Steps In Coal Crisis
Coal-fired power stations have an average of four days' worth of stock of the fuel, according to the latest data, and more than half the plants are already on alert for outages. Power Minister Raj Kumar Singh has warned.
-
Mukesh Ambani-Backed Technology Sees Good Business During Virus
As India gets battered by Covid-19, keeping many away from their workplaces, one segment of its energy market is flourishing by cutting out labor-intensive tasks at some of the world's biggest refining complexes.
-
Fuel In Mumbai Costs Almost Twice As Much As In New York
Fuel costs have been ratcheted up to current levels by combined effects of rising Brent prices and numerous tax hikes over the past few years.
-
Oil Companies Turn To Spot Crude Amid Cuts By OPEC+, Covid
Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy
-
Fuel-Tax Hikes Putting Brakes On Recovery Of Virus-Hit Economy: Analysts
The central government raised levies on diesel and petrol in March and then again in early May as the coronavirus battered the economy.
-
Why Reliance Has Cut Pay At Oil Unit, No Salary For Mukesh Ambani
Lockdown of billions of people by governments across the world to contain the pandemic is leading to a gloomy outlook for global oil demand.
-
World's Biggest Lockdown Slashes Oil Demand By 70% In India
The estimate for the current demand loss is a stark reminder of the challenge facing oil producers as they haggle over a deal to cut supply and prop up the global energy industry.
-
India Scrambles For LPG Ahead Of Festivals As Saudi Attack Hits Supply
Fuel retailers in India are scampering for liquefied petroleum gas ahead of the nation's most celebrated festival, as demand looks set to climb just as drone attacks on Saudi Arabian facilities hurt exports.
-
Mukesh Ambani's $4 Billion Investment Hurt By Glut In Natural Gas
The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to less than $5.
-
US-Iran Conflict Brewing, India's Emergency Oil Reserve Can Last 9 Days
The country imported 84 per centof its crude in the last financial year, government data show, and two of every three of those barrels was sourced from the conflict-prone region.
-
As Iran Sanctions, 2019 Polls Loom, PM Modi's Tightrope Walk On Fuel
India's growth monikers -- the world's fastest-growing major economy and the fastest-growing oil user -- might make for good headlines, but when juxtaposed with the less-flattering description of its currency they pose a problem for Prime Minister Narendra Modi.
-
Oil Morphs From PM Modi's Blessing To Burden. This Is Why
While low prices helped shrink deficits as PM Modi cut subsidies after taking the reins of Asia's third-largest economy in 2014, a 33 percent jump in global benchmark crude since June has lifted oil close to $65 a barrel.
-
Mukesh Ambani's Reliance, In Rarity, Posts Profits That Lag Behind Estimates
Reliance Industries Ltd.'s 1.24 million barrel-a-day facility features highly advanced units designed to process the globe's heaviest types of crude, which have historically been cheaper than lighter varieties because they are more difficult to break down into fuels.
-
Saudi Aramco Plans 'Mega Investment' In India, Eyes Refinery Business
The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies.
-
India Gives Iran $11 Billion 'Best Offer' To Develop Giant Gas Field
An Indian consortium is willing to spend as much as $11 billion to develop a giant Iranian natural gas field and build the infrastructure to export the fuel as long as the Persian Gulf nation guarantees a "reasonable return" on the project, according to the company leading the group.
