India wants to increase domestic oil and gas production after it has undertaken reforms in the sector to attract investment.... He also spoke about the need to enhance storage facilities for crude oil.... He further spoke about the rapidly growing natural gas demand in the country. Modi also talked about the current and potential gas infrastructure development, including pipelines, city gas distribution, and liquefied natural gas regasification terminals....

NEW YORK: A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery. The West Texas Intermediate crude price settled above US$ 80( RM334) a barrel for the first time since 2014 while aluminium futures rose to their highest since July 2008, leading broad gains among base metals.In China, coal futures surged to a record. Escalating concerns about tight fossil fuel supplies as the winter

Read full storyRussia exports around 7 million bpd of oil and refined products or 7% of global supply.... Some volumes of Kazakhstan's oil exports from Russian ports have also faced complications. Iran will take several months to restore oil flows even if it reaches a nuclear deal, analysts said.... Read full storyIn the United States, meanwhile, the average price of a gallon of gasoline hit$ 4. 009 on Sunday, according to AAA, an automobile association, which is the highest since July 2008...

Материалы ИноСМИ содержат оценки исключительно зарубежных СМИ и не отражают позицию редакции ИноСМИ Читать inosmi. ru в Россия пытается перенаправить экспорт энергоресурсов с Европы на Азию, поскольку там есть страны, готовые покупать российское топливо вопреки санкциям, пишет NYT.

Sino-Russian energy cooperation in the wake of 2014 is developing with great breakthroughs. This historic progress is without doubt of great significance.