US becomes India’s fifth largest oil supplier

India’s oil imports from the US rose sharply in January from December, making the world’s largest economy the fifth largest oil supplier to India. According to news agency Reuters, India shipped 218,400 barrels per day (bpd) of crude oil from the US compared to 70,600 bpd in December 2024. Refiners in India, the world’s third-biggest oil importer

US may ask India for substantial market access in ethanol: Report

The United States (US) is expected to request more market access from India in sectors such as agriculture and dairy products, ethanol, and medical devices as part of the proposed bilateral trade agreement (BTA) that both countries aim to finalize within the next eight months. In 2024 National Trade Estimate Report on Foreign Trade Barriers, the US Trade

LNG exports grow at slowest pace since 2015

Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise 0.4% to roughly 414 million tons this year. Delays to US projects and sanctions against Russia’s newest facility curbed new supply into the market.

India, US agree giving push to sustainable aviation fuel

India and the US have agreed to give impetus to sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles and use of hydrogen in buses, tractors and heavy equipment, said a joint statement issued after the Strategic Clean Energy Partnership dialogue between the two nations. The two nations “welcomed increased investment in each country’s

Green hydrogen key element to decarbonize: Dr. Jitendra Singh

Union Minister of State for Science and Technology, Dr. Jitendra Singh, emphasized the Green Hydrogen Mission as a key element of India’s strategy to decarbonize heavy industries, transportation, and power generation during a bilateral meeting on US-India Civil Nuclear Commerce held at Prithvi Bhavan in New Delhi. He said, “India to Enhance Global Climate Goals through Green Hydrogen Mission and

Singapore signs nuclear agreement with US

In a significant step towards strengthening bilateral ties and advancing clean energy goals, the United States and Singapore have signed a pivotal civil nuclear cooperation agreement, known as a “123 Agreement”. According to the joint statement, the signing ceremony took place on 31 July 2024 in Singapore, with US Secretary of State Antony J. Blinken

Global hydrogen demand remains a concern

Global development of hydrogen electrolyzers rose 4% in the last six months to 1.2 TW as some 55.2 GW of new projects were added, according to Aurora Energy Research’s global electrolyzer database. Europe leads, the Q2 2024 European Hydrogen Market Report (HyMaR) said, making up 32% of the capacity share, followed by Oceania at 21%.

Fortescue launches its first US green hydrogen production facility

Fortescue officially launches its first U.S. green hydrogen production facility, Arizona Hydrogen, with soil turn ceremony in Buckeye, Arizona escue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America with a soil

US not asked India to halt Russian oil imports

The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said. India has emerged as one of the top buyers of Russian sea-borne oil since

India expands crude imports from US

More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude. India, the world’s third-biggest oil importer and consumer, is looking to diversify its oil supplies as fresh U.S. sanctions