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Tensions in West Asia continue to keep global energy markets on edge. India imports nearly 85% of its crude oil needs, much of it from West Asia, and supplies faced disruptions due to the Israel-U.S.-Iran war. While the government has diversified its crude oil suppliers, around 90% of India’s LPG imports still transit through the…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The government will “very soon” issue draft rules on the roll-out of Ethanol 85 (E85) as vulnerabilities in oil exports exposed during the West Asia crisis sharpen the focus on alternative fuels, a senior government official said. While a final date is yet to…
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The story so far: Angering enivronmental activists across United Kingdom (U.K), the British government okayed one of the country’s biggest new oil and gas projects —the North Sea Rosebank field— on September 27. The Rishi Sunak government claims that the project was essential for securing the nation’s energy demands. The move comes mere days after…
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