MSCI drops Adani Total Gas, Adani Transmission from India index; stocks fall

Index provider Morgan Stanley Capital International (MSCI) on Thursday said that it has dropped two of Adani group companies from its India Standard Index, as part of its quarterly index review. MSCI said Adani Total Gas and Adani Transmission are no longer eligible for inclusion in MSCI global investable market indexes, reported Reuters. This comes […]

COP28 president-designate urges oil industry to phase out methane emissions by 2030, eliminate carbon intensity

COP28 President Designate Sultan Ahmed Al Jaber called upon the oil and gas industry to phase out methane emissions by 2030 and align in favour of comprehensive net-zero emission plans by or before 2050. Speaking at the inaugural UAE Climate Tech summit, Jaber, who is also UAE’s minister of industry and advanced technology and the […]

Ban diesel four-wheelers in cities with 10 lakh population, says panel

India should by 2027 ban the use of diesel-powered four-wheelers in cities with over 10 lakh population and switch to electric and gas-fuelled vehicles, according to a report commissioned by the oil ministry. The report of the committee headed by former Oil Secretary Tarun Kapoor also suggested phasing out motorcycles, scooters, and three-wheelers with internal […]

China’s renewed appetite for Urals could temper India’s Russian oil buys

Chinese refiners are ramping up purchases of Russia’s Urals crude–the mainstay of India’s Russian oil imports–leading to competition between the two Asian neighbours, which, among other factors, could result in New Delhi’s oil imports from Moscow peaking as early as this month. In April, India’s import of Russian crude set a new record of 1.68 […]

China’s renewed appetite for Urals could temper India’s Russian oil buys

Chinese refiners are ramping up purchases of Russia’s Urals crude–the mainstay of India’s Russian oil imports–leading to competition between the two Asian neighbours, which, among other factors, could result in New Delhi’s oil imports from Moscow peaking as early as this month. In April, India’s import of Russian crude set a new record of 1.68 […]