United States

Indian Oil Signs First Annual Deal For US Oil

Indian Oil Corp. , the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a dayin the year to March 2020 to diversify its crude sources, its chairman said on Feb. 18.

February 18, 2019
It’s The Demand, Dummy…Isn’t It?

Opinion: It’s The Demand, Dummy…Isn’t It?

World energy demand is bound to be driven by population growth on the other side of the world from Washington, D.C. Consumption is expected to be driven by the Middle East, Asia and Africa, which might not be able to turn their backs on petroleum and natural gas to satisfy their needs quite so easily. Africa and India stand to doubled their energy demand into 2050. Meanwhile, Washington seems narrowly focused on controlling energy consumption in the United States and Europe where, as data suggests, it’s already been falling.

February 18, 2019