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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Power hits diesel
Hyderabad July 17: Oil marketing companies on Thursday said power cuts imposed by the state government were responsible for the acute shortage of diesel in several parts of Andhra Pradesh including Hyderabad. Construction companies, commercial complexes and various other establishments which use generators are keeping heavy stocks of diesel fearing that it may not be available in the coming days. Normally, 1.5 lakh litres of diesel is consumed every day in the twin cities, but the consumption has gone up to 2.2 lakh litres in the last few days because of the power-cut induced
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Oil ministry brass has less than two years' experience
Rakteem Katakey / New Delhi July 18, 2008, 0:24 IST The top five decision makers in the oil ministry collectively have around 20 months of experience in the sector even as India, the third largest consumer of oil in Asia, struggles to keep pace with oil prices, which have doubled in the last one year. The five administrative officers, with backgrounds ranging from steel to personnel and administration, will now have to take crucial decisions on pricing petroleum products that will have a cascading effect on inflation, which has touched a 13-year high.
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Crude oil at $250 per barrel?
ARUN DUGGAL YOU should never make predictions, especially about the future', advised Samuel Goldwyn. Forecasting future price of oil is even more hazardous. Yet, in this article we gaze into the crystal ball to guess where the price of oil is headed.
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Small cars, big bazaars
Has the wheel turned full circle? India is now a car export hub for European & Latin American markets as crude makes world think small HIGH fuel costs and general recessionary trends are forcing car makers overseas to move away from big cars to much smaller makes, opening a huge business opportunity for car makers in India such as Maruti Suzuki and Hyundai. According to sources, car makers in markets like Latin America and Europe have ramped up sourcing orders of small cars from Indian companies, as surging fuel costs and recessionary trends take a toll on existing makes.
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Oil fetish
addiction only leads to more demand. A classical case is the record rise in the crude oil prices in the last one year. At us $140, it even pinches the pockets of developed countries like the us. The bad news does not end here. As know-alls believe, oil may also pole-vault to touch greater heights. Perhaps even an unthinkable us $200 a barrel. In these hard times, considering, food
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South Asia
Another disputed dam: After Baglihar, Kishanganga dam has embroiled India and Pakistan in a water dispute. Union minister of state for power Jairam Ramesh recently asked the National Hydroelectric Power Corporation (NHPC) to expedite work on the 330-mw Kishanganga power project in Jammu and Kashmir, citing that Pakistan is also constructing a power project on the Kishanganga river, called Neelum
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Oil price will continue to rise on falling dollar'
Opec president Chakib Khelil warned on Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News. "The price of oil will rise again in the coming weeks. We have to follow the evolution of the dollar, because a 1% fall in the dollar means four dollars more on the price of oil,' Khelil, who is Algeria's minister of energy and mines, told the independent daily.
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Now, rising oil worries airport developers
Rising oil prices are creating pain for airport developers too. Faced with a slowdown in the domestic aviation industry, both the Airports Authority of India and private players are now fearing lower revenues and seeking ways to cut costs, after investing huge amounts on infrastructure improvements.
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The global financial crisis
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PM to raise climate change issue at G8
The Manmohan-Bush summit in the sidelines of the G8 summit in Hokkaido is expected to work out a tentative plan of action for the next two stages, of the nuclear deal