Attacks by Iran-backed Houthi rebels since October 2023 on ships crossing the Suez Canal have hurt sales of transport fuel shipments from India
The US Energy Information Administration predicted global oil price benchmark Brent to average $73.58 per barrel in 2025 in its latest short-term energy outlook
Indian consumers are seeking to diversify their sourcing contracts by balancing US Henry Hub linked LNG purchases with oil linked contracts
It has been 17 months since Indian Oil's Sriperumbudur outlet began operations but it receives no more than five to 20 trucks a day, for sales of around 80 tonnes of LNG a month
This partnership allows us to access IOC's 37,000 retail outlets and 13,000 LPG distributors, and they have a very strong brand presence, he says
This comes even as New Delhi is struggling to strike a balance between rapidly adopting EV and bolstering energy security by taking recourse to affordable and more reliable transport fuels
Early this year, when sanctions were briefly lifted, state-run Venezuelan oil company PDVSA sold Venezuelan export benchmark Merey grade at a $20 per barrel discount to European benchmark Brent
Unusually for a UN climate summit, COP29 was mainly about climate finance, and yet the finance mandarins were missing
UN Climate Change chief Simon Stiell lauded the passage and said that carbon markets would enable flow of $250 billion in annual financing
The transport sector is the second-highest emitter of carbon dioxide (CO2) globally, after the electricity and heat production sector
COP 29 president pushed decisions despite objections, citing procedural norms
The final version not only keeps the role of public financing ambiguous but also tries to put the burden of making contributions on developing countries
Latest version of the Global Climate Finance plan fails on most counts to meet India and other developing countries' demands or expectations
A new NDC, which forms the basis of climate finance, must be submitted by next February, according to the UN Framework Convention on Climate Change (UNFCCC)
The tax, or CBAM, is to be imposed by EU in 2026 on products whose manufacturing processes do not follow certain emission standards
The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth
But Global North is sidestepping their responsibilities and deflecting the core issue of historical pollution, participants said
This agreement enables climate action by increasing demand for carbon credits and ensures that the international carbon market operates with integrity under UN supervision
India's LNG trucks' path is strewn with rocks, namely, poor infrastructure, high vehicle prices, lack of government support, and a highly fragmented market dominated by small transporters
Expectations from this year's COP are clear on issues, whether we have a ministerial presence or not, Arunabha Ghosh, CEO of Council for Energy Environment and Water, said in his interview