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Saturday, April 20, 2024
TopicOil industry

Topic: Oil industry

EV sales have taken giant leap forward. But here’s why US is doubling down on oil production

What's happening in the fossil fuel industry is an example of the 'green paradox'—extract resources as quickly as possible when faced with the threat of future decreased market value.

Using oil weapon against Russia risks military response to economic punishment

Cutting Russia's oil and gas exports equals economic decapitation of the regime. Putin has already raised nuclear alert levels. Put oil and gas on the table, and he’s likely to up the ante.

Excise duties & Robin Hood politics — why fuel prices are rising despite low global rates

In episode 668 of Cut The Clutter, ThePrint’s Shekhar Gupta narrates the story of fuel pricing in the country to unpack why prices have risen drastically.

Trump has had an extraordinary impact on oil industry, things will change if Biden wins

Everything will carry on pretty much as they are if Trump is re-elected as US President. But if Biden wins, things will certainly change for domestic energy companies and policy.

Should Modi govt let oil crash cushion finances or will lower retail prices revive economy?

The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.

Booze will hurt India’s bid to increase ethanol content in petrol

UP govt order to sugar mills to provide molasses to alcoholic drinks manufacturers at rates well below market levels means less is available to turn into ethanol.

Venezuela oil czar courts India after $20 billion hit from US

India is set to emerge as Venezuela’s preferred customer due to the nation’s willingness to pay for crude in cash.

Saudi prince needs to focus on more realistic and practical reforms

Saudi Arabia needs to reduce the state’s role in the economy, promote privatisation and ensure greater transparency in the system.

On Camera

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.