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India's GAIL Sets 2040 Goal For Net Zero Carbon Emissions
India's GAIL (India) Ltd has set a 2040 target to achieve net zero carbon emissions from its operations, Chairman Manoj Jain told the gas distributor's annual shareholders' meeting.
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Yemen's HSA Pledges $1.2 Million To U.N. Drive To Avert Tanker Oil Spill
Yemen's HSA Group became the first private entity to pledge funds for a United Nations operation to avoid an oil spill from a tanker stranded off the coast of Yemen, as the U.N. urgently tries to secure an initial requirement of $80 million.
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Exclusive-Major Traders, Banks Cut Business Ties With Russia-Backed Indian Refiner -Sources
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.
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India Bond Yields End Up, High Oil Prices Stir Inflation Woes
Indian government bond yields ended higher for a fifth consecutive session, as crude at $100 raised fears inflation may stay elevated.
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India's Chennai Petroleum Corp Forms Joint Venture For $4 Billion Refinery
Chennai Petroleum Corp Ltd said it has formed a joint venture with its parent company Indian Oil Corp and others to build a 9 MMTPA refinery at a cost of 315.80 billion rupees ($3.95 billion) in southern Tamil Nadu state.
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Indonesia To Shift $1.6 Billion Portion Of Fuel Subsidy Budget To Welfare Programmes
Indonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said.
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In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel
In Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.
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India's Reliance Unveils $9.4 Billion Plan To Boost Oil To Chemicals
Reliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.
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Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
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China's CATL To Develop New Battery Materials To Improve Energy Density - Report
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
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Ford Cuts 3,000 Jobs As It Pivots To EVs, Software
Ford will cut a total of 3,000 jobs, mostly in North America and India, as it restructures to catch up with Tesla.
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Xiaomi In Talks With BAIC To Produce Electric Cars - Report
Xiaomi is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC).
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Oil Prices Rise On Signals OPEC Might Cut Output
Oil prices ended higher, boosted by signals that OPEC could cut output.
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Tesla Supplier Panasonic Plans Additional $4 Billion U.S. EV Battery Plant - Report
Panasonic is in talks to build an additional EV battery plant in U.S. at a cost of around $4 billion.
Read More →Marketmind: No Respite From The R Word
A look at the day ahead in European and global markets from Anshuman Daga
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Global Market For EV Batteries Expected To Reach $250 Billion By 2030 - Report
The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030
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Cuba Asks For U.S. Technical Assistance In Oil fire Clean-Up
Cuba seeks U.S. technical assistance in cleaning up after a massive fire at an oil storage facility that killed 16 fire fighters.
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Oil Prices Sink $2/bbl On Possible Iran Oil Exports, Rising Interest Rates
Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible return to global markets of sanctioned Iranian oil exports
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Amazon Signs Green Hydrogen Supply Deal With Plug Power
The world's largest online retailer said that it uses hydrogen to power over 15,000 fuel-cell propelled forklifts, and plans to increase that number to 20,000 units in three years.
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California To End Sales Of Gasoline-Only Cars By 2035
California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on gasoline by 2035 in September 2020.
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