CHN Oil & Gas Publishers Note: I applaud Prime Minister Modi for standing up for his commitment to the Indian people. Getting the lowest cost power to help elevate the country’s population out of poverty is truly putting his people first. We talk about this in our interview with fossil fuel expert and humanitarian expert Alex Epstein. Prime Minister Modi says
EIA India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased. India’s LNG import capacity more than doubled during the past 10 years, and the U.S. Energy Information Administration (EIA) expects it to increase by a third in the next
Oil&Gas The lockdown in India has resulted in a sharp drop in fuel demand, forcing refiners to operate at lower capacities Oil & Gas Publishers Note: Very nice article from Carla Sertin. India has been importing oil from Iran – I guess one way to stop it is to shut the country down for demand. The extended lockdown announced by
Reuters NEW DELHI – India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on Tuesday. India is moving the oil to the SPR to help the country’s refineries reduce their excess crude as the
Source: Reuters NEW DELHI (Reuters) – The United States is working with allies to ensure adequate global oil supplies after its sanctions barred nations from buying Iranian crude, U.S. Treasury Secretary Steven Mnuchin said on Friday. Mnuchin spoke to reporters during a trip to India – which was one of the main importers of Iranian oil until New Delhi stopped
Reuters Prime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, a move that would also help the world’s top oil exporter find a stable outlet for its crude. Modi, who is on a two-day visit to Riyadh to participate in
From Reuters Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy. The move comes days after BP said it would build a network of charging hubs for electric vehicles with China’s Didi Chuxing, betting on the world’s largest market for
From Reuters India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday. “The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to buy 1 million barrels of the sour oil, he said.
From Bloomberg The largest democratic exercise on Earth is set to give the oil market a shot in the arm. About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 million Americans who registered to vote in the 2016 U.S. presidential elections. Before they vote, they’ll be courted by a
From Bloomberg After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality crude will react. India is the third-biggest buyer of Venezuelan oil, after the U.S. and China, averaging about 340,000 barrels a day last year, according to data compiled by
From Reuters India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect. The United States introduced tough sanctions aimed at crippling Iran’s oil revenue-dependent economy in November but gave a six-month waiver to eight nations, including India, which
From Bloomberg China’s dramatic increase in liquefied natural gas imports over the past two years may have hogged the headlines, but India may well emulate its neighbor in switching to the cleanest and fastest-growing fossil fuel. As China’s shift to natural gas from dirtier burning fuels such as coal and fuel oil helps improve air quality, Indian cities are rising
