High fuel prices restrain India’s fuel demand in April 2022

India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed. Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently […]

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Wood Mackenzie predicts 2022 to be a year of rebalancing for metals and mining industry

If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, predicts global commodity research firm, Wood Mackenzie, Wood Mackenzie vice chair Julian Kettle said: “The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But […]

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Aluminum makers in India desperate for coal as power supply gets erratic

India’s aluminum makers are calling on state-run Coal India Ltd. to restore supplies of the fuel, after the producer cut back shipments to prioritize deliveries to power plants amid surging electricity demand. The producers, typically among the largest industrial electricity consumers, face severe disruption if smelters experience outages and have few alternatives to domestic coal, […]

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India’s first green hydrogen plant to be set up at IOC’s Mathura refinery

India’s largest fuel retailer, Indian Oil Corporation (IOC), has announced that it will build the nation’s first green hydrogen plant at its Mathura refinery. This will be the nation’s first green hydrogen unit. Previously, projects have been announced to produce ‘grey hydrogen’ using fossil fuels such as natural gas. This is significant given that Hydrogen […]

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