Stay Connected. Stay Informed.
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the West Asia conflict, the International Energy Agency (IEA) said on Wednesday (June 17,…
Read More “OECD oil stocks fall to lowest level since 1990: IEA” »
Last week, the Centre hiked retail petroleum product prices after a gap of four years. This was expected, since the government had been warning about high crude prices, and how public sector oil marketing companies (OMCs) had been bleeding heavily due to under-recoveries. It was also expected that this would happen after the results of…
Read More “Unlearnt lessons: On India’s inadequate strategic petroleum and gas reserves” »
India is expected to add about 60 gigawatts of new coal-fired power capacity by 2030, report said. New Delhi: India is poised to experience more energy demand growth than any other country over the next decade due to its large population and rising demand from all sectors, according to a new report by the International…
Read More “India To Drive Global Energy Demand Over Next Decade: Report” »
Saudi Aramco, Coal India and Gazprom did not immediately respond to requests for comment. | Photo Credit: AP “The vast majority of planet-warming carbondioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers,” researchers said on April 4. “From 2016 to 2022, the 57 entities including nation-states,…
Read More “Majority of recent CO2 emissions linked to just 57 producers: Report” »
The Paris-based agency said failing to curb methane leaks from oil and gas projects was a “massive missed opportunity” to prevent losses and reduce emissions of the potent greenhouse gas. | Photo Credit: AP “Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this…
Read More “Methane emissions from energy sector rose in 2023: IEA” »