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16Jan 2025

US Sanctions Target Russia’s Oil Trade, Impacting India

Why in the news? The US imposed sweeping sanctions on Russia’s oil trade, affecting tankers, companies, and insurance, potentially disrupting India’s crude oil imports. Russia remains India’s largest oil supplier, necessitating alternative arrangements amidst global market instability. About New Sanctions and Targets: The outgoing US administration imposed significant sanctions on Russia’s oil trade, targeting 183 …

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02Jan 2025

Ukraine Ends Russian Gas Transit, Reshapes Energy Markets

Why in the news? Ukraine halted Russian gas transit to Europe on January 1, 2025, ending decades of supply dominance. This move, driven by Europe’s reduced reliance on Russian energy, impacts Ukraine’s revenue and Russia’s market share significantly. Ukraine Halts Russian Gas Transit to Europe: On January 1, 2025, Ukraine ceased the transit of Russian …

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09Dec 2024

IEA’s Role in Sustainable Energy

Why in the News? IEA Conference: Concluded a 2-day Global Conference on Energy and AI in Paris, gathering over 500 participants, including ministers from 25 countries. Focus Area: Highlighted the rising electricity demand from data centres while emphasizing AI’s role in energy transitions. Key Participants: Countries like India, Japan, UK, and the USA alongside CEOs …

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21Sep 2024

India and Brazil Strengthen Energy Cooperation, Focus on Biofuels

Why in the news? India and Brazil held high-level talks on enhancing energy sector collaboration, focusing on investments, biofuels, and sustainable aviation fuel (SAF), aiming to boost trade and advance global decarbonization efforts. India-Brazil Energy Cooperation: Strengthening Ties: Indian Petroleum Minister Hardeep S Puri visited Brazil from Sept 19-21, 2024, invited by Brazilian Mines & …

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