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File image of US President Donald Trump and PM Narendra Modi | Photo: ANI

‘He’ll be okay’ — An unsympathetic Trump said about Modi after Iran oil sanctions

In The Room Where It Happened, former US National Security Advisor John Bolton writes about how an ‘inconsistent’ Trump and ‘wobbly’ Pompeo dealt with Iran oil sanctions.

Expect India’s oil demand to recover from Covid shock by second quarter: Dharmendra Pradhan

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.
Fuel Station

India’s petrol, diesel demand will take months to return to pre-lockdown levels

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.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

World’s top infra manager is eyeing to buy India’s top PSU oil and gas pipeline assets

Macquarie Infrastructure & Real Assets believes govt will divest non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities.
oil well

Arabs should welcome a future with less oil wealth

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.
Mukesh Ambani | Simon Dawson/Bloomberg

Mukesh Ambani’s Reliance overtakes BP, breaks into club of 6 global oil supermajors

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.
Oil refineries (representational image) | Commons

Edison figured out climate action 100 years ago

In our quest for growth, we often treat the atmosphere, among other natural systems, as bottomless landfill.
A storage tank containing liquid gas stands at the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali desert. | Photographer: Simon Dawson | Bloomberg

The world’s oil security blanket has been torched

What the world needs now is an unlikely scenario — an outbreak of peace, or at least “live and let live,” in the Middle East.

Energy is PM’s big focus in Houston ahead of ‘Howdy, Modi!’ event with Trump

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.
File photo of PM Narendra Modi | ANI

The importance of Houston — why this Texan city was picked to host Howdy, Modi! show

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.

On Camera

An employee sits on a video call at the Unicredit SpA headquarters in Milan

Why shrinking offices and hot-desking are bad ideas, Covid or no Covid

Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Diesel demand drop forces India to import gasoline as Covid skews output

The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.