Energy

India Sends Rare Shipment of Diesel Fuel to China

India has reportedly shipped its first cargo of diesel fuel to China since 2021, with about 496,000 barrels of ultra-low sulfur product setting sail from the port city of Vadinar on July 18 — only a few hours before the European Union announced new restrictions on the Russia-linked company handling the shipment.

An employee turns a hand wheel at the Vadinar Refinery complex operated by Nayare Energy L

OPEC Predicts Soaring Oil Demand by 2050

The Organization of the Petroleum Exporting Countries (OPEC) on Thursday released an updated forecast for 2050 which anticipated soaring demand for oil in the medium and long term, once China’s economic outlook improves.

RUSSIA - SEPTEMBER 22: Bore fluid gushes from a well on an oil derrick in the Lukoil owned