Tag: India
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Bangladesh resumes red diesel imports from India after a 3-year hiatus
Bangladesh has resumed red diesel imports from India after a 3-year hiatus, as part of a deal signed between Bangladesh Petroleum and Indian Oil. Bangladesh Petroleum received the first shipment of the total deal, which provides for the supply of about 333,000 metric tons of red diesel (a low grade of diesel) with a sulfur…
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Russian oil exports to India are higher than Saudi Arabia and Iraq combined
Indian refiners continue to import cheap Russian oil, taking advantage of discounts offered by Moscow in the wake of Western sanctions in response to its invasion of Ukraine. India’s imports of Russian oil hit a record level in February 2023, keeping New Delhi the largest single supplier of oil for the fifth consecutive month, according…
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Mixing gasoline with bioethanol in India raises environmental and food concerns
Read in this article • India is striving to reduce energy costs and meet climate commitments • The central government wants sugar mills to produce more ethanol from excess sugar cane • Ethanol produces 20-40% lower carbon dioxide emissions than conventional fuels • Intensive cultivation of sugar cane puts pressure on farmers and the environment…
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Fuel demand in India fell 4.6% in January
Fuel demand in India decreased by 4.6% on a monthly basis in January (2023), to 18.7 million tons (132.77 million barrels). This decline came after it reached the highest level in 9 months during December 2022, affected by a decrease in mobility due to cold weather in parts of the country and a slowdown in…
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Russian oil exports to India outperform Saudi Arabia and Iraq
India continues its record purchases of Russian oil, taking advantage of lower prices due to Western sanctions; In January 2023, it jumped to 1.27 million barrels per day, according to “Vortexa” shipping analytics. Today, Monday, February 6, 2023, the Financial Express newspaper stated that India’s appetite for Russian oil has reached unprecedented rates, and Russian…
