Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
INTERNATIONAL Feed Atom
The United States is threatening India with what one senator has called an “economic bunker-buster”—a dramatic tariff strike if New Delhi continues to buy Russian oil, according to an Economic Times.
Half of India‘s total natural gas requirement is met via imports that come through the Strait of Hormuz – supplied by Qatar and the UAE – and thus stands exposed to a higher risk of disruption, according to experts who track movement of energy supplies.
US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
India's benchmark indexes fell on Tuesday due to Trump's urging Iranians to evacuate Tehran, escalating fears of a broader regional conflict amid ongoing Israel-Iran hostilities.
Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 27.022 million barrels per day (bpd) of oil in May, according to the group’s latest report.
As geopolitical tensions in West Asia escalate, particularly with the intensifying Israel-Iran conflict, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday assured the nation that India is well-positioned to meet its fuel demands without disruption.
French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.
Israel’s attack on Iran and heightened tensions in the area pose significant risks to India in terms of curtailed supplies of oil and a 40-50% increase in the export costs, according to analysts and trade experts.
The U.S. depends on Canadian oil imports, despite comments by President Trump that the U.S. does not need to import goods including oil and gas from Canada, Cenovus Energy CEO Jon McKenzie said Tuesday, according to Reuters.
India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB.
India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry.
Canada’s Prince Rupert Gas Transmission natural gas pipeline project clears a government milestone in time to keep its permit in place.
Indian oil and gas sector is likely to see strong growth through the fiscal years 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
Indian government has announced plans to deploy at least 1,000 hydrogen-powered trucks and buses by 2030.
TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had overstated its climate commitments and misled consumers.
BP Singapore has signed a long-term sales and purchase agreement with India's Torrent Power to supply up to 0.41 million mtpa of LNG from 2027-2036.
World crude oil price today, June 5, 2025
Brent crude futures rose 15 cents, or 0.2 percent, to $65.01 a barrel. U.S. West Texas Intermediate crude rose 11 cents, or 0.2 percent, to $62.96 a barrel.
India is considering increasing imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing.
World crude oil prices today, June 4, 2025
Brent crude futures fell 17 cents, or 0.3 percent, to $65.46 a barrel, while U.S. West Texas Intermediate crude fell 19 cents, or 0.3 percent, to $63.22 a barrel.