India exempts rupee payments made to Iran’s National Oil Company from taxes
The government of India has exempted rupee payments made to Iran’s National Oil Company (NIOC) towards the purchase of crude oil from payment of any tax, …
India’s diesel demand to double by 2029-30, government says
India’s diesel demand is likely to double to 163 million tonnes (MT) in 12 years as consumption rises in the world’s fastest-growing economy, Oil …
Arab energy firms set to boost borrowing after oil prices crashed
Energy companies in Arab countries in the Persian Gulf may resume issuing more debt and borrow more money for expansion plans after oil prices plunged by 40 …
Aramco fights to protect Asian market share in oil supply ahead of cuts
Aramco will ship the full volumes of crude contracted by Asian refiners in a bid to protect its market share in the biggest consuming region in the world ahead …
Coal demand to be steady through 2023, thanks to India and China: IEA
After two years of decline and despite growing pressure from environmentalists, coal consumption is expanding, driven by “strong” fuel burning in China and …
China’s CNPC halts Iran gas investment under U.S. pressure
State-controlled China National Petroleum Corporation (CNPC) has suspended investment in the giant South Pars gas field in Iran, following pressure from the …
Iran loses market share in India as its Oil exports slump in November 2018
India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 per cent from October due to the U.S. sanctions, Reuters reported, …
Is UAE the new swing producer of crude oil in the middle east?
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. …
World Bank warns of extreme volatility in oil markets
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year …
World Bank pledges $200 billion climate action investment
The World Bank Group said early this week that it would double its current five-year investments to US$200 billion during the period 2012 through 2025 to …