E-PaperIea News
Oil up as robust China trade data offsets returning supply
On the supply side, workers have been returning to U.S. Gulf of Mexico platforms after Hurricane Delta and Norwegian workers to offshore rigs after ending a strikeOPEC member Libya on Sunday also lifted force majeure at its Sharara oilfield
1 min read13 Oct 2020IEA says oil demand recovery set to slow for rest of 2020
‘The economic slowdown will take months to reverse completely ... in addition, there is the potential that a second wave of the virus (already visible in Europe) could cut mobility once again’
1 min read15 Sep 2020IEA sees oil market stuck between no major slowdown but stalled recovery
There is an enormous amount of uncertainty, but we don't expect any additional serious slowdown in the coming months, said Keisuke Sadamori, IEA director for energy markets and securityIEA cut its 2020 oil demand forecast in its monthly report on Aug. 13, warning that reduced air travel would lower global oil demand by 8.1 million bpd
1 min read7 Sep 2020Huge acceleration of clean energy innovation needed to meet net zero target: IEA
The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second half of the centuryGlobal CO2 emissions are expected to be 8% lower this year than in 2019 - their lowest level since 2010
1 min read2 Jul 2020Growing oil imports make India more vulnerable to supply disruption, price volatility: IEA
India needs to diversify its energy sources and add alternate fuels, says IEAIEA also estimated that India will surpass China in oil consumption in the mid-2020s
1 min read10 Jan 2020At $20 billion in 2018, India’s green energy investments surpassed thermal power
India has witnessed a record low solar tariffs of ₹2.44 per unitOf the targeted 175GW of clean energy capacity by 2022, 100GW is slated to come from solar projects
2 min read19 Jul 2019US set to become net exporter of oil: IEA
New technology that allows for extracting oil and gas from shale rock formations has led to a boom in oil productionThis will help the United States surpass Russia and nip at the heels of Saudi Arabia as the world's top exporter
1 min read11 Mar 2019Future of rail to depend on demand, competing modes of travel: IEA
Rising incomes and populations in emerging economies such as India will lead to strong demand for mobilityAnnual investment in rail infrastructure expected to increase to $315 billion in 2050
1 min read30 Jan 2019India to top US as 2nd-largest carbon spewer from power: IEA
Two-thirds of India's households are projected to own an air conditioning unit by 2040
1 min read13 Nov 2018IEA urges Opec to open taps as oil markets enter ‘red zone’
Oil prices have rallied to a four-year-high due to US sanctions on Iran and the Venezuelan crisis, even as Saudi Arabia moved slow on filling any shortfall
2 min read9 Oct 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared