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All eyes on oil stockpile as war throws a spanner in supply chain

New Delhi, March 4 -- New Delhi is keeping a close eye on its fuel and oil stocks, as disruption in the Strait of Hormuz throws global oil supply chains into disarray. According to two top officials ... Read More


Crude steadies after 10% spike, but Hormuz risks keep India on edge

New Delhi, March 3 -- Crude oil prices traded about 1% higher in early trade on Tuesday, cooling after Monday's sharp spike as the US signalled steps to mitigate rising domestic energy prices. However... Read More


Oil price jumps 10% amid West Asian conflict, closure of Strait of Hormuz

New Delhi, March 2 -- Global oil prices surged nearly 10% on Monday as the conflict in West Asia intensified and oil flows through the Strait of Hormuz remained disrupted, stoking fresh supply concern... Read More


India's peak oil demand pushed to 2040s, Shell economist says

NEW DELHI, Feb. 28 -- The timelines for peak fossil fuel consumption-including oil and coal in both India and globally-may be delayed further amid geopolitical tensions that are pivoting the focus tow... Read More


India's peak oil demand pushed to 2040s, global timelines shift: Shell economist says, amid geopolitical tensions

NEW DELHI, Feb. 27 -- The timelines for peak fossil fuel consumption-including oil and coal in both India and globally-may be delayed further amid geopolitical tensions that are pivoting the focus tow... Read More


India to incentivize wafer, ingot manufacturing with upfront capex support: MNRE secy

New Delhi, Feb. 26 -- New Delhi: India will provide upfront capex-based support for wafer, ingot and polysilicon manufacturing under a new scheme, instead of sales-based incentives as offered under th... Read More


India to shift solar manufacturing subsidy from sales-linked PLI to upfront capex support for key components: MNRE secy

New Delhi, Feb. 26 -- India is shifting its strategy for solar component manufacturing from sales-based production-linked incentives (PLI) to an upfront capex-based subsidy for wafers, ingots and poly... Read More


From US dependency to African opportunity: India's solar industry has new export option post-duty blow.

NEW DELHI, Feb. 26 -- With a new duty slapped on solar module exports to the US, Africa may become an alternative destination for India-made solar power equipment, a government official said. To push... Read More


India will not intervene on behalf of solar module exporters after 126% US levy, says top official

New Delhi, Feb. 25 -- The Centre is unlikely to intervene on behalf of Indian companies after the US imposed a countervailing duty of 126% on Indian solar module exports, said a top official, adding t... Read More


India draws up contingency plans as Gulf tensions spike oil prices

New Delhi, Feb. 23 -- India is developing contingency plans for crude oil imports as rising tensions in West Asia push global oil prices higher and raise fears of supply disruptions. Oil prices have s... Read More