International Energy Agency says India's oil demand will be driven by diesel/gasoil requirements in contrast to the rest of the world, where EV boom will lead to lower demand.
According to the report released at the India Energy Week (IEA) 2024 in Goa, India is on track to lead an increase in oil demand of nearly 1.2 million barrels per day.
Fatih Birol said that, since India has abundant renewable energy capacity, the country should not miss the opportunity to become a superpower in the green hydrogen business.
The plunge in consumption at the world’s third-biggest crude consumer will weigh on sentiment on oil prices and damp expectations for a strong global demand rebound in the summer.
The US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Theaterisation, which aims to divide the forces into three theatres with specific areas of responsibility, will become the single most far-reaching reform that the Indian military has witnessed since independence.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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