How about filling up your vehicle with straw and running it for a full year? If this sounds bizarre, then here’s more. Verbio AG, a German company, claims that you can actually do it with just two tonnes of straw. The company is now busy setting up a plant in the middle of lush…
The Centre is working with State Bank of India to launch an E-portal on the lines of Amazon to facilitate Medium, Small and Micro Enterprises to sell their products, Transport & MSME Minister Nitin Gadkari said here on Wednesday. At present, Amazon.com generates a business of around Rs.70,000 crore annually for Indian MSMEs, which…
Almost a year after directing oil companies to ensure fuel stations are at least 50 metres away from schools, hospitals and residential areas, the Central Pollution Control Board (CPCB) has now asked them to maintain similar distance from water bodies too. The move is aimed at protecting the water bodies from getting any possible…
Brent oil rose past $55 a barrel — with some assistance from a weaker dollar — even as the International Energy Agency cut its demand outlook for the rest of the year.Consumption in the first quarter of 2021 will be 600,000 barrels a day lower than previously thought, the agency said as the coronavirus…
Methane emissions from the global oil and gas industry fell by an estimated 10 per cent in 2020 as producers slashed output in response to the historic shock of the Covid-19 crisis, the International Energy Agency (IEA) said on Monday, warning that these emissions could rebound strongly without greater action by companies, policy makers…
Oil demand recovery will take a hit from a spike in new coronavirus cases before vaccine roll-outs and stimulus measures help in the second half of the year, International Energy Agency (IEA) said on Tuesday. “Border closures, social distancing measures and shutdowns…will continue to constrain fuel demand until vaccines are more widely distributed,…
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration of President Nicolas Maduro,…
LONDON, Jan 19 (Reuters) – OPEC’s secretary general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought on by the coronavirus pandemic. Monthly meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia – a group known…
ERBIL – The Kurdistan Regional Government’s (KRG) Ministry of Natural Resources on Monday responded to the recent statements Iraq’s oil minister made about the Kurdistan Region’s oil. In a recent interview with Iraq’s Sharqiya TV, Iraqi Oil Minister Ihsan Abdul-Jabbar made comments about “a number of issues related to the Kurdistan Region’s oil,”…
The Trump administration said on Tuesday it had issued drilling leases on more than 400,000 acres of Alaska’s Arctic National Wildlife Refuge, delivering on a promise to fossil fuel proponents on President Donald Trump’s last full day in office. Formal issuance of the leases by the U.S. Bureau of Land Management comes a day…
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