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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.
India’s fuel consumption collapsed by as much as 70% during the lockdown in April. It could take until the end of 2020 to get close to full recovery.
Macquarie Infrastructure & Real Assets believes govt will divest non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities.
A recent IMF report, which showed that by 2034 declining oil demand can affect the GCC's wealth, has led to predictions of economic and political instability in Arab countries.
Reliance’s market value has surpassed BP and it’s also narrowing the gap with PetroChina Co., currently Asia’s biggest oil company by market cap.
In our quest for growth, we often treat the atmosphere, among other natural systems, as bottomless landfill.
What the world needs now is an unlikely scenario — an outbreak of peace, or at least “live and let live,” in the Middle East.
Modi’s meeting with CEOs comes as India looks for new energy sources in the light of US-Iran crisis, Saudi drone attack & rising crude prices.
PM Narendra Modi will be addressing his biggest-ever overseas rally ‘Howdy, Modi!’ Sunday in Houston, his first stop during a week-long US trip.
The attack on Saudi's oil facility has show us how the world is still dependent on cheap Middle Eastern oil and the dysfunctional regimes that keep it flowing.