Rajasthan petrol pump dealers allege oil marketing companies have reduced fuel supplies and imposed informal sales limits on consumers. This move, communicated via mobile messages and verbal instructions, could potentially lead to law and order issues at fuel stations across the state.
Russian oil major Rosneft has condemned the EU’s sanctions on its Indian subsidiary Nayara Energy, calling them “unjustified and illegal.” The EU recently imposed fresh restrictions on Russia, including a price cap reduction and sanctions on Nayara, alleging links to Russian crude exports. Rosneft argued that it holds less than 50% stake in Nayara and…
As India faces the ripple effects of the UAE’s departure from OPEC, it is imperative to prioritize energy resilience. While this shift may stir market unpredictability, India’s flourishing relationship with the UAE is a beacon of optimism. Our country is effectively navigating global energy hurdles, with a vision focused on durable solutions to ensure resilience.
India’s economy receives a boost as oil prices drop below $60 a barrel. This eases the nation’s import bill and significantly increases profits for state-run fuel retailers. While pump prices remain steady, potential cuts are anticipated before upcoming assembly elections. Lower crude costs offer a welcome tailwind to the already robust economic growth.
Tariff guidelines for nuclear plants are given by the Department of Atomic Energy, unlike all other state-owned plants, the tariff for which is regulated by the Central Electricity Regulatory Commission. However, the rate of return on equity for nuclear plants is the same as for thermal power plants in the ongoing five-year tariff period of…
India’s crude oil stocks have dropped 15% since late February due to declining imports amid the Iran conflict. Refiners are drawing from inventories to maintain processing rates, but sustained supply constraints may soon necessitate reduced operations, potentially explaining the call for fuel conservation.
Following EU sanctions, shipowners and oil traders are increasingly avoiding Russia-backed Nayara Energy, leading to logistical disruptions. Several tankers, including the Talara and Chang Hang Xing Yun, have altered their courses, canceling planned cargo pickups from Vadinar port. This hesitation raises concerns about broader impacts on trading and financing for the Indian refiner, in which…
Russia’s increased oil supply to India has reshaped trade dynamics, impacting smaller suppliers while major Middle Eastern exporters like Iraq, Saudi Arabia and UAE remain largely stable. Discounted Russian crude primarily displaced costlier supplies from Africa and the Americas. As India potentially reduces Russian imports due to US pressure, sidelined suppliers may regain importance.
Asia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This is driving a significant shift towards clean energy alternatives, with electric vehicles and solar power adoption accelerating across the region. A prolonged crisis could lead to a dramatic transformation, mirroring Europe’s response decades ago.
India’s T&D sector is poised for sustained growth, driven by an estimated INR 9 trillion capex through 2032. Despite temporary ordering slowdowns due to high capacity utilization and longer lead times for high-voltage transformers, a positive outlook remains. Global demand surges, particularly in the US and Europe, present significant export opportunities for Indian manufacturers.