Newsblare

newsblare logo

Sign in

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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
Energy Energy & Environment Politics World Affairs

Nepal’s power residue and India’s power recuperation in the region

India has communicated to the independent power producers of Nepal that they won’t purchase electricity from hydropower projects that have Chinese components. India opened its doors to purchase Nepal’s power in November 2021. This is a significant milestone for Nepal since it is the first time the Himalayan country has exported hydropower. India’s refusal to […]

Read More
Economic & Finance Energy Energy & Environment Market Overview Oil & Gas Stocks & Funds

Oil Prices to reach $100 a barrel due to Omicron

The impact of Omicron has caused oil prices to reach $100 a barrel. By the end of 2022, crude oil prices are likely to soar 35%.  Production shortfall despite increasing demand along with geopolitical tensions is an unusual combination. As reported on Al Jazeera yesterday, Texas Intermediate crude slipped down to 0.70% at $84.95. And […]

Read More
Automobile Commodities & Currency Cryptocurrency Digital Money Economic & Finance Energy Energy & Environment Market Overview

Tesla to accept Dogecoin as payment

Elon Musk announced in a Tweet, “Tesla merch buyable with Dogecoin.” Tesla will now accept Dogecoin as payment for selected merchandise.  Elon Musk’s Tesla to accept Dogecoin as payment Tesla will now accept Dogecoin as payment for merchandise such as – the $150 Giga Texas Belt feat. the company logo and the recently launched $50 […]

Read More