Amid lockdown, demand for transportation and industrial fuels plummeted by as much as 70%, but India is confident things will look up faster than projected.
If companies don't pivot to renewable sources, they may have trouble getting access to the financing they need to keep the drills running in the future.
A renewed outbreak would jeopardise the recovery oil prices have seen in the last 2 months, which was spurred by record output cuts and renewed demand.
India has opportunity to draw investments & push PSUs like BPCL to investors as some countries seek to counter China’s ‘growing threat to global trade’.
The International Energy Agency’s projection for energy investment in 2020 began at 2% growth, but in the wake of the pandemic, expects to decline by 20%.
Holding oil in ships is more expensive than storing it in onshore tanks, but the eventual unloading of it will have a significant bearing on the oil price.
Fuel consumption probably declined at least 80% in April, which would lead to a revenue loss of as much as Rs 400 billion, said economist Madan Sabnavis.
Sidekicks are quintessential in Bollywood, and every few years, when a star or lead shines, a filmmaker reminds us that the person next to the hero is a key ingredient in the recipe.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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