"India has diversified its sources of Oil supply, earlier we were importing crude oil from 27 countries now we are importing from 39 countries. If I can buy some from some source and I can buy it at a cheaper price, we are the winners," the Union Minister said in a BBC interview.
As India celebrates the success of its electrification efforts, the International Energy Agency (IEA) in its latest comprehensive report praised the government's efforts through initiatives such as Saubhagya and the Deen Dayal Upadhyaya Gram Jyoti Yojana schemes.
China accounted for nearly 80 per cent of EV growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency (IEA).
Critical minerals are those minerals that are essential for economic development and national security. It is imperative to identify and develop value chains for the minerals which are critical to the country.
Governments around the world have earmarked almost USD 2 trillion in direct investment support for clean energy since 2020, a new International Energy Agency (IEA) report revealed.
The world's demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and the increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by the International Energy Agency (IEA).
The International Energy Agency (IEA) has released its latest medium-term oil market outlook, which examines how India's involvement in the global oil market may change between now and 2030. The report examines energy transition patterns that may affect oil demand in various industries, and
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that they would continue to enforce substantial oil production cuts totalling 5.86 million bpd.
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing supply tightly.
This dilemma, highlighted by BP chief economist Spencer Dale, underscores the mounting sense of "frustration and anger" in developing economies over Western-imposed climate policies.