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Energy Energy & Environment Oil & Gas

Mumbai’s Climate Action Plan: A game-changer for India

Presently, Mumbai’s climate action plan works on achieving net-zero carbon emissions by 2050.  The Climate Action plan proposed by Mumbai is to energize various large towns.  Perhaps, MCAP might utilize these larger towns for creating their action strategies. Furthermore, Mumbai’s plans to achieve net-zero carbon emissions might require MCAP’s implementation through popular participation.  However, the […]

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Energy Energy & Environment

Scientists: 2022 to be among ten hottest years on record

Presently, scientists are concerned regarding 2022 being amongst the ten hottest years on record.  Furthermore, the world witnessed a baking start of 2022 in rising temperatures.  Moreover, the National Oceanic and Atmospheric Administration (NOAA) states that 2022 is already hot.  Scientists from all over the globe are over 99 percent sure on 2022 ranking in […]

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Economic & Finance Energy Oil & Gas Politics World Affairs

Oil prices dip, and Russia agrees to substantial negotiations

Oil prices dip on Sunday, and Russia agrees to substantial negotiations over Ukraine.  Last week Brent was down 4.8% after reaching $139.13 on March 7.  Furthermore, U.S. crude reported a weekly dip of 5.7% after soaring to $130.50 on March 7.  However, both contracts last touched those price peaks in 2008.  Russian invasion called “special […]

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Energy Energy & Environment Technology

Green energy policy may require a more detailed evaluation

As the GHP remains uncertain of its ambitious goal, the green energy policy may require a more detailed evaluation.  On 17 February, the ministry of power announced the green hydrogen policy.  The policy is welcomed among industry participants as it fits with the climate-action thrust of India’s budget for 2022-23.  Furthermore, by 2030 more than […]

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Automobile Business Economic & Finance Energy Innovation Investing Science & Technology Technology Vehicle

Canada invests C$240 mln for semiconductor manufacturing

Canada invests a total of C$250 million in surging its semiconductor manufacturing. The investment also covers chips research and bolster manufacturing. Semiconductors are crucial to national security and technological advancement.  François–Philippe Champagne launched the C$150 million Semiconductor Challenge Callout fund. Canada invests in the semiconductor industry The minister of innovation, science and industry launched the […]

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Economic & Finance Energy Energy & Environment Oil & Gas

Indian Oil Corporation plans ‘green hydrogen’ plants by 2024

The IOC plans to open ‘green hydrogen’ plants in Mathura and Panipat by 2024.  Director of research and development at IOC, SSV Ramakumar, said, “This (policy) is the single biggest enabler by the state for production of green hydrogen.” Furthermore, he added that the new ‘green hydrogen’ policy would cut the cost of manufacturing green […]

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Economic & Finance Energy Laws & Taxes Oil & Gas Travel

ATF fuel price raised by 5.2% leading to expensive air travel

On Wednesday, oil marketing companies raised ATF prices by 5.2%. The fourth hike in ATF prices hit a record high in less than two months.  Furthermore, India currently has some of the world’s highest taxation rates on the ATF. Moreover, jet fuel prices raised to Rs 90,519.79 per kilolitre from Rs. 86,038.16 per kilolitre. Air […]

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Economic & Finance Energy Market Overview Oil & Gas Stocks & Funds World Affairs

Govt denies coal shortage in Indian non-power coal users

As power mills hoard most of the supplies, India’s aluminum smelters, sponge iron, textile mills, and fertilizer-makers face a coal shortage.  However, the federal coal ministry and India’s high miner Coal India denied the coal shortage in Indian non-power coal users.  Coal shortage in Indian non-power coal users The Coal Consumers Association of India said […]

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Energy Market Overview Oil & Gas Stocks & Funds World Affairs

Russia-Ukraine tensions cool, leading to steady oil prices

While the United States is yet to verify the pullback of Russian troops, Brent traded at $93.19 a barrel.  Brent traded down 10%, sliding 3.3% overnight after the Russian-Ukraine tensions cooled down.  Oil prices steadied on Wednesday On Tuesday, Moscow announced a partial pullback of troops from Ukraine’s borders. However, U.S. President Joe Biden says […]

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Energy Energy & Environment Oil & Gas

Big Oil CEOs warn consumers of High Energy Prices

Big oil CEOs warn consumers to brace themselves for years of high energy prices. In recent months oil and gas prices have skyrocketed as the pandemic restrictions have eased.  As a result, the global economy is recovering, and investors have dropped investments in new energy supplies.  Furthermore, while oil and gas industries gained profits in […]

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