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The IEF report has flagged the issue of enormous variance in energy forecasts at a time when the entire world is debating the likely contours and timelines of global energy transition. India, which depends on oil and gas imports to meet a bulk of its energy needs, has set a target to achieve net-zero emission status by 2070. ....
Indian refiners had stopped oil imports from the Latin American country in 2020 after the United States (US) imposed sanctions on Caracas. With Washington temporarily easing restrictions on Venezuela’s oil sector in October, Indian refiners mainly Reliance Industries (RIL) are back in the market for Venezuelan oil that is likely available at a discounted price. ....
Brent crude oil futures were up 55 cents to $91.26 a barrel by 1:01 p.m. EDT (1701 GMT), after falling to a session low of $89.50, the lowest price since September 8 ....
Stock market holiday on Ganesh Chaturthi today in Top News on September 19: JioAirFiber launch, Gold price outlook; New Parliament to host session, Aditya L1 TL1 insertion in focus on Tuesday. ....