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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Oil demand falling, first time since 1983: IEA
Paris, Dec. 11: The International Energy Agency (IEA) on Thursday said it expected global oil demand to fall this year for the first time since 1983 as the world economic slowdown bites.
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OPECs price-making power
The Organisation of Petroleum Exporting Countries is a dominant cartel consisting of producers with large reserves and it has always exercised its price-making power in the crude oil market. However, in the past few years, OPEC has been claiming that it has lost its power to alter crude oil prices. The article explores whether OPEC
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Water implications of biofuel crops: understanding tradeoffs and identifying options
Biofuels are being touted as a solution to rising fuel prices, growing energy demands, and the need to curb emissions of greenhouse gases. Governments have good reasons for promoting biofuels. Yet, a headlong rush into growing biofuel crops will bring its own problems.
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In the net
Fuel economy: turf war or guerrilla ambush It can get as bad as not having any money left to buy oil. Increased oil demand from rapidly growing cars can make it worse. Yet there is no sign of official agreement on who must take the lead to draft fuel economy regulations for cars to get more miles out of a litre of fuel burnt. When the push for these regulations came about two years ago from
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Visionary
Proposed fiscal reforms for automotive fuels Petrol Increase selling price before state taxes and duties by Rs 2.50 per litre each month to align with full cost price Total increase of Rs 10.90 per litre in selling prices before taxes Temporary reduction in excise duty to Rs 10 per litre to be restored by March 2009 Total increase of Rs 11.28 per litre before
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Correcting distortions
A committee recommends rationalization of diesel and petrol prices The long awaited pricing formula for petroleum products to bail out the oil industry from impending bankruptcy has been tabled. If put into effect this prescription can correct distorted prices of automotive fuels of petrol and diesel and halt misuse of under-taxed and under-priced diesel by the car sector. This is
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From agricultural policy to essential commodity
Since its origins as a fuel blendstock in the 1980s, ethanol production in the United States has primarily been a creature of public policy.
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Kicking the oil habit
Don't imagine that pumping more oil will get us out of our current mess, argues Matthew R Simmons - dealing with the addiction is the only option.
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The final warning
Price is just the start of it. We need to kick the petroleum habit or we'll soon be in real trouble, says Ian Sample.
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Bounce Ahead?
AS ECONOMIC GROWTH SAGS TO LEV-els unprecedented in recent years across the world, India has had some cause for joy from the southward-bound global crude oil prices. From a high of $147 a barrel as late as July 2008, oil prices shaved-off more than 70 per cent to skirt around $40 in December.