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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The dramatic surge in Greenhouse Gas emissions puts the U.S. far off track from its Climate oriented Goals. Such a substantial rise of 6.2% in Greenhouse Gas emission is a byproduct of a rebound in the economic crisis. US Greenhouse Gas emissions on a steep incline During the aftermath of the Covid Crisis, Greenhouse Gas […]
Tesla opens a new showroom in Xinjiang on December 31, 2021. The Biden administration strongly disapproves of Tesla’s connection with the region. President Biden has signed the Uyghur Forced Labor Prevention act banning imports from the Xinjiang region. Why is Tesla being criticized for opening a new showroom in Xinjiang? According to Human Rights Watch, […]
China’s experiment with an ‘Artificial Sun,’ also known as the Experimental Advanced Superconducting Tokamak – EAST, breaks the world record. The fusion reactor ran without interruption for nearly 20 minutes at an impressive 70 million degrees Celsius. What is the ‘Artificial Sun’ EAST that broke the world record? In the 1950s Soviet physicists, Igor Tamm […]
