Tag: India

Global coal demand to remain flat to 2022, resulting in a decade of stagnation

Global coal demand to remain flat to 2022, resulting in a decade of stagnation

Urgent action needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies for coal power plants Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes […]

By December 19, 2017 0 Comments Read More →
India’s GST – A boon for oil markets?

India’s GST – A boon for oil markets?

Tax on pure electric vehicles reduced by around 9% under GST regime The introduction of India’s Goods and Services Tax (GST) has lifted oil demand in the country this year, according to Wood Mackenzie. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected […]

By November 19, 2017 0 Comments Read More →
EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries

EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries

 United States operates world’s largest nuclear fleet with 99 reactors The U.S. Energy Information Administration projects global nuclear capacity will grow at an average annual rate of 1.6 per cent from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world […]

By November 8, 2017 0 Comments Read More →
Rapidly growing energy consumption in India increases faster than other regions

Rapidly growing energy consumption in India increases faster than other regions

 Residences share of electricity rises 46% 2015 to 68% in 2040 EIA’s International Energy Outlook 2017 (IEO2017) projects that among all regions of the world, the fastest growth in building energy consumption through 2040 will occur in India, according to the U.S. Energy Information Administration. In the IEO2017 Reference case, delivered energy consumption for residential and commercial […]

By October 11, 2017 0 Comments Read More →
University of Houston researchers launch carbon capture to help boost India’s oil production

University of Houston researchers launch carbon capture to help boost India’s oil production

India imports over 80% of its crude oil Researchers from the University of Houston have begun a $1.4 million project to demonstrate using carbon capture from nearby petrochemical plants to boost recovery in an oil field in the Indian state of Assam, a project they hope will help to reduce the country’s carbon footprint. The project […]

By September 27, 2017 0 Comments Read More →
Beyond China and India, energy consumption in non-OECD Asia continues to grow

Beyond China and India, energy consumption in non-OECD Asia continues to grow

In 2015, about 30 per cent of travel was in automobiles Based on projections in EIA’s International Energy Outlook 2017 (IEO2017), much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia). Although China and India account for most of […]

By September 19, 2017 0 Comments Read More →
Indian refiner buys 1 million barrels of WTI Midland oil: Reuters

Indian refiner buys 1 million barrels of WTI Midland oil: Reuters

First purchase of WTI Midland by any Indian company Reuters reports India’s state owned Bharat Petroleum Corp (BPCL) purchased 1 million barrels of WTI Midland grade.  The sale marks the first time an Indian company has bought the US grade, according to an industry source knowledgeable of the deal. Refiners in India joins a number […]

By August 2, 2017 0 Comments Read More →
Opinion: India’s gasoline boom stalls

Opinion: India’s gasoline boom stalls

Retail gasoline prices rose by around 10 per cent between January 2016 and January 2017 By John Kemp LONDON, May 12 – India’s gasoline consumption has flattened out in recent months after tremendous growth between 2014 and 2016. India’s motorists consumed 581,000 barrels of gasoline per day between February and April, according to the Petroleum […]

Oil prices will remain steady, despite OPEC supply cuts: IEA

Oil prices will remain steady, despite OPEC supply cuts: IEA

Oil prices steady due to supply glut The head of the International Energy Agency says he does not expect a major increase in oil prices despite the OPEC supply cut agreement. Speaking in Delhi, Fatih Birol told Reuters he does not believe the pact to cut combined output by almost 1.8 million b/d will significantly boost […]

By March 30, 2017 0 Comments Read More →
Indian wind power tariffs hit new low in push for renewables

Indian wind power tariffs hit new low in push for renewables

Indian wind power challenging coal over long term By Sudarshan Varadhan NEW DELHI, Feb 24 (Reuters) – Indian wind power tariffs fell to a record low in a government-run auction on Friday, weeks after solar power rates too hit an all-time low, as the country looks to cut chronic electricity shortages in one of the […]

By February 24, 2017 0 Comments Read More →