Most of the world is vaccinating itself and reopening, boosting expectations that growing economies would help trigger a bump in oil demand that was viscerally hit last year, but India – one of the world’s biggest importers – remains a cause of concern. The Organization of Oil Producing Countries (OPEC) said earlier this week that […]
New Delhi would without doubt be cheering Beijing’s crackdown on polluting steel mills towards the end of this week. The single action by China’s government has sent skyrocketing iron-ore prices crashing, which will translate into lower prices of the most important steel-making ingredient for Indian steel mills as well. New Delhi has been so troubled […]
Diesel prices touched a new record high on Monday after the state-run oil companies including Indian Oil Corporation further hiked the prices in metros. The prices of petrol however, have remain untouched since June 29. Diesel was retailing at Rs 81.05 per litre in national capital New Delhi and Rs 79.27 per litre in Mumbai after the […]
Palm oil demand in India, the world’s top edible oil importer, is set to plunge this year as coronavirus lockdowns have slashed food service sector demand, while households are opting for alternatives at the supermarket. Traders say India’s palm oil imports could plunge 20 per cent from a year ago to 7.5 million tonnes in the 2019/20 marketing […]
The latest International Energy Agency (IEA) report on the global natural gas market has forecast that global natural gas demand will drop by 4 per cent, or 150 billion cubic metres (bcm) in 2020 as consumption takes a hit from the economic impact of the novel coronavirus. The IEA forecasts a gradual recovery in demand […]
Air pollution in New Delhi, which recently reached 30 times the World Health Organisation’s recommend levels, heightening serious respiratory problems for its inhabitants underscores the need for the energy sector to reduce pollution, the International Energy Agency (EIA) has said. This is not a new issue, as India’s capital and home to more than 16 million […]
IAC Staff If all goes well, residents of the Indian capital will be able to soon put up solar panels on their rooftops to meet their electricity needs. The Delhi state government is expected to approve a new policy next month, making it easy for households and government buildings to install the panels in its […]
