Oil prices inch lower as demand forecasts reduced, supply rises

NEW YORK: Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil…

Fracking in India

Oil and gas corporations have been allowed to begin drilling and other hydrocarbon exploration activities in India without conducting environmental impact assessment (EIA) studies or public consultations since the beginning of this year. The corporations are free to use any hydrocarbon exploration drilling technique without assessing its ecological impact on the natural world. This includes…