India

Sudanese Rebel Groups Arm Themselves As Peace Process Falters

Despite its significant oil wealth, American companies have long shied away from doing business in Sudan, initially because of security concerns and later in response to U.S. sanctions against the government in Khartoum.  The secession of South Sudan in July 2011, during which 80% of the country’s oil wealth went to the South, followed by… Keep reading →

General Views of Agra In India

India’s fuel subsidies are forcing domestic oil marketing companies to sell fuel below cost, costing three domestic retailers $76.6 million per day. “India imports more than 80% of the crude oil it requires, and with the rupee falling and crude prices rising, the cost of subsidized fuel is now threatening India’s efforts to rein in trade and… Keep reading →

HUSUM 2012 Wind Energy Trade Fair

It’s no longer, if, but rather when. In study released in late July 2013, DB’s US-based Vishal Shah estimates that three-quarters of the world’s solar market will be “sustainable” within 18 months, meaning they can operate with little or no subsidy. In 2 years, he reckons, the market will have flipped from one being largely… Keep reading →

State Funeral Held For Hugo Chavez In Caracas

Bad day for Venezuela, and for former president Hugo Chavez’s legacy: A massive power outage cut off electricity for almost 70% of the country’s population yesterday. “A lack of investment and training in the electric grid has contributed to more than 500 blackouts registered in Venezuela as of June this year.” [Christian Science Monitor] And… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

Iran has a new oil minister – Bijan Namdar-Zanganeh – and he has an ambitious plan to bring oil output back to 2005 levels of 4.2 million barrels per day, up from 2.56 MM bbl/d now. If he can actually make it happen – a big “if” – additional supply on the market could impact prices.… Keep reading →

Many Feared Dead As Egyptian Security Forces Clear Cairo Protest Camps

The price of West Texas Intermediate crude had risen for five consecutive days as of yesterday afternoon – “the longest stretch of gains since April” – on news of escalating unrest in Egypt, as Brent hit a four-month high. A police crackdown on protests in Egypt has left more than 500 dead. [Bloomberg] Iran has… Keep reading →

Iran Stops International Inspections Of  Nuclear Facilities

The House passed the 2013 Nuclear Iran Prevention Act by a 400-20 vote facilitating broader economic sanctions and increased oversight for enforcing existing Iran sanctions. On July 31, 2013, the House of Representatives passed the 2013 Nuclear Iran Prevention Act (H.R. 850) aimed to impose tougher sanctions against Iran’s petroleum sector and other industries, in… Keep reading →

Prices Help Drive Increase of Midwest Oil Exploration

It sounds counterintuitive, but Texas’ energy boom its taxing its energy capacity. “Many municipalities and businesses are bracing for big surcharges this year, after having been hit hard last summer, as energy use by oil drilling and production equipment outpaces the capacity of the region’s power grid.” [Wall Street Journal] India’s oil imports from Iran… Keep reading →

Planet Venus, pictured as a black dot (at L), is seen in transit across the Sun in New Delhi on June 6, 2012.

The challenges with India’s public electricity grids last summer showed the world what happens when a country’s growth rapidly outpaces its energy delivery infrastructure and diversity of sources. When three of India’s electricity grids failed and more than half a billion people suffered two days of blackouts at the height of summer, the global media reminded us that even on the country’s best day, there is still an enormous portion of the population with no access to power. Solar energy is one way to solve this problem. Keep reading →

Indian passengers sit on the railway tracks near the platform of Sealdah train station waiting for the resumption of services during a power failure in Kolkata on July 31, 2012.

Even on a good day, millions of people in India are without access to electricity or deal with power outages on a fairly regular basis. However, the massive power failures that hit the country during the last days of July were striking in how widespread they were. Keep reading →

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