Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Tough times ahead for auto: Tata
BS Reporter / Mumbai July 25, 2008, 0:33 IST Says fuel price increase and subsequent rise in input prices pushed overall costs. Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year. The company's market share fell from 19.21 per cent in 2006-07 to 15.78 per cent last year, according to the Society of Indian Automobile Manufacturers (Siam).
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Oil firms to gain from price drop
Rakteem Katakey / New Delhi July 24, 2008, 0:21 IST The sharp drop in crude oil prices, which fell by more than 13 per cent from the all-time high recorded a fortnight ago, is expected to trim the losses of government-owned oil marketing companies by Rs 15,000 crore in this financial year.
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U.N. Secretary-General warns of "double jeopardy' of high food and fuel prices
V. Jayanth Calls for global partnership to save the poor; "Act immediately to boost agricultural output' CHENNAI: U.N. Secretary-General Ban Ki-moon has warned that the "double jeopardy' of high food and fuel prices threatened to undermine much of the progress made in achieving the Millennium Development Goals (MDGs). Critical challenges
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Abheek Barua: Inflation - More shocks ahead?
Abheek Barua / New Delhi July 21, 2008, 0:50 IST Some more write-downs in US banks could push oil prices back to over $140 in no time. The headline inflation rate for the week of July 5 released last Thursday printed at 11.91 per cent, a little over the 11.89 per cent of the previous week. The median forecast from financial market economists was 12.05 per cent. This prompted the finance minister to claim that inflation is stabilising.
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Fuel use falls to 17 years low in US
Bloomberg / Dallas July 21, 2008, 0:44 IST US fuel consumption fell 3 per cent in the first half of 2008, the biggest decline for the period in 17 years, as high prices and a slowing economy curbed demand, an oil industry report today showed. Deliveries of petroleum products declined to an average 20.08 million barrels a day through June, American Petroleum Institute said in a monthly report. Gasoline deliveries fell 1.7 per cent, the first "significant" decline in 17 years.
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CNG stations fleece consumers by Rs 4.75 billion in 20 days
The CNG station owners here have fleeced the consumers by Rs 4.75 billion since July 1, 2008, as the whole industry is in the state of disorder. Though the Oil and Gas Regulatory Authority (Ogra) had recommended to regulate the CNG tariff at Rs 43.25 per kg and to take stern action against those CNG stations owners who were involved in overcharging price or any other violation, the Ordinance in this regard has not yet been amended.
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Economies at a tipping point
Dominique Strauss-Kahn NO ONE FEELS THE PAIN OF SOARING COMMODITY prices more keenly than the poor, who spend half or more of their income on food. With no relief from high food and fuel prices in sight, feeding the hungry today is clearly the first priority. Many low and middle-income countries are now at a tipping point. Their challenge is ours: it is to ensure adequate food supplies while preserving the gains in poverty reduction, achieved in recent years through faster growth, low inflation, and better economic management.
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LPG price fixed at Rs 63 per kg
The City District Government Lahore (CDGL) and the LPG Distributors Association (LPGDA) on Friday sorted out the LPG price issue and fixed the retail rate at Rs 63 per kilogramme and Rs 743 per 11.8-kilogramme cylinder. District Co-ordination Officer Sajjad Bhutta taking action on rickshaw union's application had convened a meeting of stakeholders to discuss the price issue.
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Bio-fuel producers hit back at OPEC
Terry Macalister Last month, OPEC warned western countries that their efforts to develop bio-fuels to combat climate change risked driving the price of oil through the roof. The global bio-fuels sector has launched a ferocious attack on the Organization of the Petroleum Exporting Countries (OPEC) oil cartel by accusing it of deliberately "misleading' the public about who is responsible for soaring fuel prices.
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Oil price plunge could provide breathing space on inflation
Oil prices plunged below $130 a barrel yesterday, extending a sharp three-day decline and fuelling a second day of big gains in stocks that lifted Wall Street out of bear market territory. The continued fall in oil, which last week reached a record high of $147.27, combined with the rally in bank stocks to brighten what a few days ago looked like an increasingly bleak financial and economic outlook.