Bunkering activity in India has experienced significant growth in 2024, with the total number of bunkering and ship-to-ship (STS) calls to Indian ports increasing by 64 per cent year-on-year through July.
In the first quarter, a record 26 GW of renewable projects were awarded through competitive tenders. The second quarter saw a normalization with about 7 GW of capacity awarded.
The latest data from the U.S. Energy Information Administration (EIA) reveals that liquefied natural gas (LNG) exports from the United States to India have shown noteworthy developments in recent months.
This investment drive aims to ramp up refining capacity, expand petrochemical operations, bolster its network of retail fuel stations, and embrace clean energy initiatives, according to company sources.
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.
Coal is poised to retain its status as a cornerstone of India's power generation, as detailed by Pritish Raj, Managing Pricing Editor for Asia Thermal Coal at S&P Global Commodity Insights.
As of May 29, Indian gas-based power generation reached 4,646.53 million kilowatt-hour (kWhr) for the month, a substantial increase from 2,631 million kWhr a year earlier, according to data from the Central Electricity Authority (CEA).
According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals.
According to S&P Global Commodity Insights, India, the world's largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.
The growing recognition among market participants that access to pricing information is crucial for securing competitive offtake agreements and advancing projects has led to an increase in pricing visibility worldwide.
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
According to S&P Global Commodity Insights, this juncture presents a moment of profound significance, as these industries confront a myriad of challenges and opportunities that are poised to redefine their very landscape.