Britain said on Tuesday it would work closely with Germany to underpin the international trade in hydrogen under a new partnership, which the government hopes will support its net zero target and bolster energy security.
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"The announcement of Global Biofuel Alliance (GBA) by the Prime Minister Shri Narendra Modi during the G20 summit is a historic development in global efforts to achieve clean energy goals," said Director General of BIS Shri Pramod Kumar Tiwari.
Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty.
Marine fuel sales at the UAE's Fujairah, the world's third-largest bunker hub, scaled eight-month highs in August, although volumes remained lower from a year-ago period, data showed.
Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilise the domestic market, the government said on Thursday.
India has raised the windfall tax on petroleum crude from 6,700 rupees to 10,000 rupees per ton, effective September 16th, according to a government notification. This move aims to generate additional revenue for the Indian government and is a result of the tax imposed on crude oil producers in July of last year.
The managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced that the record of gasoline consumption in the country was broken by registering the consumption of 137 million liters of gasoline per day, at the same time as the intercity traffic increased in the last days of summer.
Iran's Islamic Revolution Guards Corps (IRGC) Navy has seized two foreign oil tankers smuggling fuel in the Persian Gulf waters.
On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion.
India is seeking bids to supply gas-fired power to address expected periods of unusually high electricity consumption in October and November, a tender issued on Thursday showed.
Roydad Naft News Agency – For the first time since the landmark Paris Agreement was signed, the United Nations has published an analysis of the world’s progress…
Roydad Naft News Agency – India announced on Saturday the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use…
Roydad Naft News Agency – Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers,…
Roydad Naft News Agency – Brazilian Mining and Energy Minister Alexandre Silveira said on Friday he was “absolutely sure” Latin America’s biggest economy was not facing any…
Roydad Naft News Agency – Canada on Thursday released long-awaited draft clean electricity regulations designed to create a net-zero emissions power grid by 2035, and said some…
According Roydad Naft News Agency – The Biden administration is divided over whether to grant a request from the U.S. biofuel industry that would make it easier…
Roydad Naft News Agency – Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a…
Kenya is seeking to entice Uganda, Rwanda and Burundi to consider Mombasa over Dar for oil.
Kenya is upping the ante against Tanzania in…
Roydad Naft News Agency – Oil prices rose on Friday, buoyed by evidence of tightening supplies and economic stimulus in slow-recovering China.
Brent futures…
Iran’s oil and interior ministries have signed a memorandum of understanding (MOU) to cooperate on implementing refuse-derived fuel (RDF) projects.
As reported, the MOU…