Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report
They say fossil fuel use in Global North has risen, call it "double standards towards climate equity"; note that climate finance from developed nations continues to fall short of $100 bn a year goal
Sales of bitumen, used for making roads, were 11.5% lower, while fuel oil use edged up 0.9% in October
India's fuel sales soared in the first half of October with an across-the-board surge in transportation fuel demand on the back of the economic activity picking up as festival season kicked in, preliminary industry data showed. Petrol and diesel sales jumped 22-26 per cent year-on-year while also rising month-on-month in the first half of October. Petrol sales soared 22.7 per cent to 1.28 million tonne during October 1-15 when compared to 1.05 million tonne of consumption in the same period last year. Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022. Diesel, the most used fuel in the country, posted a near 27 per cent rise in sales in the first fortnight of October to 3.08 million tonne when compared to the same period last year. Consumption was up 16 per cent over October 1-15, 2020 and 26.6 per cent higher than pre-COVID 2019
With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever
With gas prices more than 150% higher since the Russian invasion in February, and wealthier nations able to pay more to ensure adequate supplies, emerging nations can't compete
The European Union's (EU) emergency plan to prepare for a possible halt in Russian gas supplies will come into force on Tuesday, after it was published in the bloc's official journal the previous day
Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June
Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed
Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.
India's fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 amid Covid outbreak
Fuel consumption in the world's third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December
India's fuel consumption showed flattish growth in December 2021 ahead of fresh restrictions kicking in to control the surge of a new variant of coronavirus that is likely to further dampen demand
Fuel consumption, a proxy for oil demand, totalled 15.92 million tonnes last month, up slightly from August and 5.2% higher than in September 2020, data on PPAC website showed
Fitch Solutions said on that India's ethanol consumption will increase over the next few years, driven primarily by the government's desire to support the sugar sector by boosting ethanol production
India's fuel demand soared almost 11 per cent in August when compared with the same month last year but lower than the previous month as monsoon rains slowed mobility and consumption.
India's fuel demand recovery remained patchy in August as petrol consumption continued to rise but diesel sales fell, preliminary data from state fuel retailers showed on Wednesday
Consumption of fuel, a proxy for oil demand, totalled 16.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
Dalmia Bharat hopes that a demand pick-up in the coming quarters would allow it to pass on some of the cost to the consumer
With the aim to reduce carbon footprint, a Hyderabad-based technician has developed an innovative mileage booster for vehicles that helps save fuel