India’s GST Council is considering bringing jet fuel, natural gas under GST – report
India’s GST Council is considering bringing jet fuel (ATF) and natural gas under the GST ambit this week. However, firming up the GST tax slab is …
U.S. threatens to slap sanctions on all Iranian oil buyers; India wary and watching developments
The United States intends to impose sanctions on all customers of Iranian oil, including China, the EU, and Russia, US treasury secretary Steven …
India’s June exports up 17.57 per cent at $27.7 billion; trade deficit at 43-month high
A sharp rise in crude oil bill led to India’s trade deficit widening to a 61-month high in June, despite sustained growth in engineering and …
India’s dependency on imported oil has only risen in past six years: Ind-Ra
India’s crude oil dependency has increased, indicated by stagnant domestic production and increased imports since 2012, India Ratings and Research (Ind-Ra) …
International thermal coal prices hit 6-year high, thanks to India and China
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne last week, its highest level since November 2012, thanks to tight supply in key Asian export …
Ratings agency ICRA estimates Rs.85,000 crore subsidy for power distribution companies
Rating agency ICRA has estimated a subsidy dependence of Rs 85,000 crore amid low tariff hikes allowed for power distribution companies in 2018-19. ICRA also …
China and Abu Dhabi close to signing oil exploration and oil refining deal – report
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign this month a preliminary deal to invest in oil …
China throws Venezuela’s oil industry a $5 billion lifeline
China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg quoted the troubled South American country’s Finance …
Rising sea levels can cost the world $14 trillion annually by 2100 – report
Rising sea levels could cost the world $14 trillion annually by 2100, according to a research by the UK National Oceanographic Centre (NOC) that found that …
Demand, not global pressures, will be the deciding factor, India’s oil minister says on Iran supplies
The country’s crude oil demand, not global pressures, will decide on whether its domestic refiners will continue to buy the fuel from Iran, India’s oil …