'Global Economy on Basis of Oil at $110 a Barrel Not Sustainable': Hardeep Puri Points to Neighbours' Woes
2 years, 7 months ago

'Global Economy on Basis of Oil at $110 a Barrel Not Sustainable': Hardeep Puri Points to Neighbours' Woes

News 18  

Global economy on the basis of oil at $110 a barrel is not sustainable, Union Petroleum Minister Hardeep Singh Puri said in Bengaluru on Saturday at an event of the India Foundation amid rising fuel prices in the country that have triggered inflation concerns. petrol prices are what they are.” Puri said 60 million people go to petrol pumps to fill up fuel and that in the next 10-20 years, “India will be the critical driver for the demand in the energy sector”. The Way Ahead Forward: ‘$5 Trillion Economy Ahead of Time’ Puri said “we are still not fully exploiting the enormous human and economic potential that we possess as a country” but added that India was on the path to doing so. “Following the pandemic, India has emerged as a much stronger player in the international community on international trade and economic exchanges,” the minister said.

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History of this topic

With no dearth of crude, India can survive the transition to green energy, says Hardeep Singh Puri
3 days, 18 hours ago

With no dearth of crude, India can survive the transition to green energy, says Hardeep Singh Puri

The Hindu  

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Saturday, said the transition from fossil fuel to green energy was possible only when one survives the present scenario. While India is making steady steps towards green energy, fossil fuel, particularly crude oil, was available in the international market for survival now, he said. To ensure energy security, India …

India Poised to Lead Global Green Hydrogen Production and Exports: Hardeep Puri
1 month, 4 weeks ago

India Poised to Lead Global Green Hydrogen Production and Exports: Hardeep Puri

Deccan Chronicle  

New Delhi: Union minister for petroleum and natural gas Hardeep Singh Puri on Friday said that as India is on track to emerge as the hub for green hydrogen, the country is poised to lead the global hydrogen energy production and exports. “With projects like hydrogen blending in natural gas pipelines, localisation of electrolyzer-based technologies, and the promotion of bio-pathways …

'India did the entire world a favour': Union Minister Puri on India's stance to buy Russian oil
2 months, 1 week ago

'India did the entire world a favour': Union Minister Puri on India's stance to buy Russian oil

New Indian Express  

India's decision to purchase oil from Russia amidst global uncertainties has played a crucial role in preventing a potential spike in global oil prices, said Union Petroleum and Natural Gas Minister Hardeep Singh Puri. In an interview with CNN's Becky Anderson on the sidelines of the annual ADIPEC energy industry event in Abu Dhabi, the Union Minister stated that without …

India’s petrochemical exports to face tough global competition: IEA official
11 months, 1 week ago

India’s petrochemical exports to face tough global competition: IEA official

Live Mint  

As India plans to boost its oil refining and petrochemicals capacity, its petrochemical exports are expected to face tough competition globally with increasing Chinese capacity already creating pressure in the global markets, said Toril Bosoni, head of oil industry and markets division, International Energy Agency. In its report, the IEA said that India's oil demand will reach 1.2 million barrels …

Oil price rise in India is way 'below' global price hikes: Petroleum Minister Hardeep Singh Puri
2 years, 3 months ago

Oil price rise in India is way 'below' global price hikes: Petroleum Minister Hardeep Singh Puri

India TV News  

Highlights Hardeep Singh Puri said that compared to fuel price hikes globally, India only raised prices by 2% If increases in North America are 43-46%, India allow prices to go up by only 2% or so: Puri Puri also highlighted India is one of the largest oil importers and the demand is expected to rise Oil price rise in India: …

India poised to become $5-trillion economy by 2024-25, says Hardeep Puri
3 years, 2 months ago

India poised to become $5-trillion economy by 2024-25, says Hardeep Puri

The Hindu  

Union Minister Hardeep Singh Puri on Thursday exuded confidence that India will become a $5-trillion economy by 2024-25 and $10-trillion by 2030. Speaking at a virtual conference of PAFI India, Mr. Puri said, “Economic growth is accelerating. India is poised for growth to become a $5 trillion economy by 2024-25 and $10-trillion economy by 2030.” On Bharat Petroleum Corporation divestment, …

Six charts show hard it is for India to hit net zero by 2050
3 years, 9 months ago

Six charts show hard it is for India to hit net zero by 2050

Live Mint  

Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Committing to a legally binding net-zero target would help India attract some of the trillions of dollars in investment that’ll be required for a green transformation, lawmaker Jayant Sinha, a member of Prime Minister Narendra Modi’s Bharatiya Janata Party and an advocate …

Big change in energy mix needed to achieve net-zero emissions in 2060s: IEA
3 years, 11 months ago

Big change in energy mix needed to achieve net-zero emissions in 2060s: IEA

Hindustan Times  

A new report on India’s energy scenario has flagged that the country will have to adopt big changes in its energy mix to be able to transition to net-zero emissions by the mid-2060s. To achieve net-zero emissions by the 2060s, India’s energy sector will need a profound transformation, the India Energy Outlook of International Energy Agency has said. Big change …

Oil is dirt cheap, WTI falls to $11 per barrel
4 years, 8 months ago

Oil is dirt cheap, WTI falls to $11 per barrel

Live Mint  

Oil plunged to the lowest level since 1986 as the coronavirus pandemic ravaged global economies. “Refiners are rejecting barrels at a historic pace and with US storage levels sprinting to the brim, market forces will inflict further pain until either we hit rock bottom, or covid clears, whichever comes first, but it looks like the former.” The low energy price …

India to see $300-bn investment in energy in coming decade, says oil minister Dharmendra Pradhan
6 years, 1 month ago

India to see $300-bn investment in energy in coming decade, says oil minister Dharmendra Pradhan

Firstpost  

New Delhi: India will see an investment of about $300 billion over the next decade in setting up of refineries, oil and gas pipelines and expansion of city gas distribution network as it builds infrastructure to cope with the massive demand surge, Oil Minister Dharmendra Pradhan said on Tuesday. City gas distribution network to supply CNG to automobiles and piped …

Slippery slope: on India’s energy needs
6 years, 2 months ago

Slippery slope: on India’s energy needs

The Hindu  

India’s economic fortunes continue to be tied to the sharply fluctuating price of oil. At a gathering of prominent oil ministers in New Delhi on Monday, Prime Minister Narendra Modi urged oil-producing countries to reduce the cost of energy in order to aid the global economy in its path towards recovery. Notably, speaking at the same event, Saudi Arabian Energy …

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