COMMENT – India could be a dampener to global oil demand as world reopens

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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 […]

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COMMENT-As steel prices head south, India may like to thank China

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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 […]

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Indian palm oil demand dips as food sector, households seek alternatives

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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 […]

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India capital’s awful air quality underscores need for energy sector actions to reduce pollution, says IEA

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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 […]

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