Washington, April 2 (IANS) The United States has removed sanctions on Venezuela’s Acting President Delcy Rodriguez, according to an update posted on the website of the US Treasury Department.The US Treasury’s Office of Foreign Assets Control on Wednesday (Local time) said Rodriguez had been removed from its sanctions list, without providing further details on the decision, reports Xinhua news agency.In a post on social media platform X, Rodriguez welcomed the move as a positive step toward norma…
Latest Energy Sector News & Updates
New Delhi, April 1 (IANS) Denis Alipov, Russia’s Ambassador to India, has said that Russia firmly rejects what he described as US “pressure” in international politics, particularly concerning India’s oil market, while emphasising that New Delhi continues to pursue an independent foreign policy. In an interview with IANS, Alipov stated that attempts by the United States to create hurdles for Russia in the Indian market are not an appropriate way to conduct global business or manage intern…
New Delhi, March 31 (IANS) The recent surge in global oil prices is testing Pakistan’s fragile macroeconomic stabilisation and the International Monetary Fund’s (IMF) tolerance of Islamabad’s decision to cushion domestic fuel prices signals a shift in approach, a new report has said.The report from Dawn, however, cautioned that the government’s decision to shield the population from rising fuel costs is politically understandable but economically unsustainable.The West Asian conflict has i…
New Delhi, March 30 (IANS) The Indian economy has shown a healthy expansion in the total primary energy supply (TPES) in FY2024-25, registering a growth of 2.95 per cent over the past year and stood at 9,32,816 KToE (kilo tonnes of oil equivalent), the government said on Monday.The country has a huge potential for generation of renewable energy which stands at 47,04,043 megawatt (as on March 31, 2025). In the total potential, solar energy has witnessed a staggering growth from 748,990 megawatt d…
Washington, March 28 (IANS) The International Monetary Fund has reached a staff-level agreement with Pakistan that could unlock about $1.2 billion in fresh funding, as the country pushes ahead with fiscal tightening, structural reforms, and measures to stabilise inflation and growth.The agreement follows discussions between an IMF team and Pakistani authorities on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF)….
New Delhi, March 21 (IANS) The country has successfully achieved the landmark of 1 billion tonne (BT) coal production for the second year in a row, Coal Ministry said on Saturday.With the sustained and coordinated efforts across the coal sector and the invaluable contribution of all stakeholders, this significant milestone, achieved on March 20, underscores India’s growing self-reliance in the energy sector and its commitment to ensuring uninterrupted fuel supply to key industries.According to…
Mumbai, March 20 (IANS) Domestic benchmark indices opened higher on Friday, rising over 1 per cent in early trade amid hopes of easing tensions in West Asia.Sensex opened at 74,559, up 352 points or 0.47 per cent, while Nifty started trading at 23,110, higher by 108 points or 0.47 per cent, according to exchange data.In early trade, the 30-share Sensex surged as much as 891 points, or 1.20 per cent, while the Nifty climbed 279.7 points, or 1.21 per cent, to 23,281.85. The strong gains were suppo…
New Delhi, March 19 (IANS) Prime Minister Narendra Modi on Thursday urged the global investor community to “make, invest, innovate, and scale” in the domestic power sector.In a written message read out by Union Power Secretary Pankaj Aggarwal on the first day of the ‘Bharat Electricity Summit 2026; here, PM Modi said India stands at a defining moment in its energy journey as the world’s fastest-growing major economy.”I invite the global community to make in India, innovate in India, invest in In…
Lucknow, March 11 (IANS) Nobel Prize laureate Konstantin Novoselov met Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday. Lohum CEO Rajat Verma and the company’s Chief of Staff Ayush Sabat were also present during the meeting.According to those privy to development, the high-profile meet focused on exploring opportunities to strengthen advanced materials research and innovation and turning Uttar Pradesh into a “hub of advanced research and engineering.”Chief Minister Yogi Adityanath …
Thiruvananthapuram, March 7 (IANS) Leader of the Opposition in the Lok Sabha Rahul Gandhi on Saturday accused Prime Minister Narendra Modi of “succumbing” to pressure from former US President Donald Trump, alleging that recent commitments made to the United States had compromised India’s farmers, energy independence, and data sovereignty. Speaking at the concluding function of the statewide yatra led by Kerala Opposition Leader V. D. Satheesan, Gandhi said the Prime Minister had effecti…