China, the world’s biggest crude oil importer, has been the main driver of global energy demand growth in recent years.
Fears of a virus-related slump in global demand have flipped the oil market into contango this week – a structure in which longer-dated oil futures trade at a premium that encourages traders to keep crude in storage for more profitable resale in the future, potentially indicating months of surplus.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, weighed the impact on global oil demand, and economic growth, of the coronavirus outbreak at a meeting on Tuesday, hearing from China’s envoy to the United Nations in Vienna.
Producers are weighing further output cuts and moving a planned policy meeting to February rather than March.
Recently in India planning to manufacture a carbon-free vehicle MORE AND MORE by 2025, because pollution was drastically changing the India atmosphere and climatic malfunction so the government ordered by 2025 India becomes a pollution-free country in the worldMNRE and NTPC propose to launch a pilot fuel cell bus transformation project in an effort to make Leh carbon-neutral,” Anand Kumar, secretary, MNRE.As reported earlier by FE, the newly carved out union territory already has about 30 megawatts (MW) of small hydro projects and the government wants to install solar generation units to meet all its power demand from renewable energy sources.The UT currently has a demand of around 53 MW.
While the daily solar power generation potential in most part of the country is in the range of 3-5 units per square metre, the same in Leh-Ladakh can be 6-8 units, thanks to high ‘irradiance’ factor
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