Page 17 - Energy
Moody's warns of India's vulnerability to volatile food, energy prices
Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise
 "Moody's warns of India's vulnerability to volatile food, energy prices")
EU prepares emergency plan to do without Russian energy amid Ukraine war
European Commission President Ursula von der Leyen said the initiative would complement a bloc-wide push to accelerate the development of renewable energy such as wind and solar power.
 "EU prepares emergency plan to do without Russian energy amid Ukraine war")
What G7 leaders agreed on: Russia sanctions, energy and food security
Explore measures to reduce price surges and prevent further impact on economies
 "What G7 leaders agreed on: Russia sanctions, energy and food security")
Margin gains for oil refiners amid Ukraine war-led energy price spike
RIL, MRPL and Chennai Petro stocks are up; BPCL, HPCL and IOC are weighed down over marketing margin concerns
 "Margin gains for oil refiners amid Ukraine war-led energy price spike")
India to meet 50% of its energy needs from renewables by 2030: Minister
Union Rural Development and Panchayati Raj Minister Giriraj Singh said India has set target of meeting half of its energy needs from renewable resources by the decade-end
 "India to meet 50% of its energy needs from renewables by 2030: Minister")
UK imposes 25% energy windfall tax to help households as bills surge
It is the second emergency policy intervention to help with rising bills this year
 "UK imposes 25% energy windfall tax to help households as bills surge")
Aramco's profits surge 80% in Q1 as company cashes in on global volatility
Saudi Aramco's profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices
 "Aramco's profits surge 80% in Q1 as company cashes in on global volatility")
Italy PM calls for deeper ties, balanced trade with Mediterranean countries
He discussed improving access to food, which has been curbed during the Russia-Ukraine conflict and which threatened "the stability in Africa and the Middle East"
 "Italy PM calls for deeper ties, balanced trade with Mediterranean countries")
Germany's Economics Minister Robert Habeck warns high energy prices to stay
The aid package for companies currently includes a loan programme via the state development bank KfW as well as energy cost subsidies
 "Germany's Economics Minister Robert Habeck warns high energy prices to stay")
Energy security to be among key areas of talks during Modi's 3-nation visit
Modi begins his visit to the three countries on Monday
 "Energy security to be among key areas of talks during Modi's 3-nation visit")
US Fed's closely watched inflation measure continues to surge 6.6% in March
Excluding the volatile food and energy, the core PCE price index increased 5.2 per cent in March from a year ago, compared with 5.3 per cent in February, Xinhua news agency reported
 "US Fed's closely watched inflation measure continues to surge 6.6% in March")
South Korea to divert gas supplies to Europe over Russia-Ukraine conflict
Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the biggest provider of gas to Europe, reports Yonhap News agency
 "South Korea to divert gas supplies to Europe over Russia-Ukraine conflict")
India to meet half of its energy needs from renewable by 2030: NITI member
He was addressing the Norway-India Business Summit 2022 organized by CII in association with the Embassy of Norway
 "India to meet half of its energy needs from renewable by 2030: NITI member")
Russian energy embargo could deal big blow to German economy: Bundesbank
In an intensified crisis scenario, Germany's real gross domestic product (GDP) would decline by just under two per cent in the current year compared with 2021, according to the report
 "Russian energy embargo could deal big blow to German economy: Bundesbank")
Coal supply to power plants rises 25% in FY22
Despite increased supplies, there were reports of fuel shortage at various thermal power units due to soaring energy demand
 "Coal supply to power plants rises 25% in FY22")
High fuel prices to hit near-term demand, recovery seen in H2: Report
For overall 2022, India's oil demand is expected to grow by 225,000 barrel per day, with growth expected to ease to 185,000 barrels per day in 2023
 "High fuel prices to hit near-term demand, recovery seen in H2: Report")
India to fall short of 2022 target of solar capacity by 27%: Report
India is projected to fall "well short" of its target for 2022 of having 100 GW of installed solar capacity, largely due to slow uptake of rooftop solar, a new report by JMK Research and IEEFA said
 "India to fall short of 2022 target of solar capacity by 27%: Report")
Energy geopolitics and LNG
The Russia-Ukraine war has put the spotlight on the role of liquefied natural gas (LNG) in the global energy futures
India has over 1 million EVs, 1,742 public charging stations: Gadkari
As per Vahan 4 data, as of March 25 this year, a total of 10,76,420 EVs and a total of 1,742 Public Charging Stations (PCS), as per the Bureau of Energy Efficiency (BEE), are operational.
 "India has over 1 million EVs, 1,742 public charging stations: Gadkari")
ATF hiked by 2% to all-time high amid surge in global energy prices
The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.
 "ATF hiked by 2% to all-time high amid surge in global energy prices")