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India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
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While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
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Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past
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Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
The never-ending role of hydrocarbons: Part 3
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The never-ending role of hydrocarbons: Part 2
A rising global population and greater urbanisation will mean increasing demand for energy, but what will be up and down in the mix? Petroleum Economist looks out to 2050 again in the second part of our long-term outlook
OPEC compliance improves amid market share threat
The surprise decision to bring on extra supply has coincided with better quota conformity from laggards in the group, Petroleum Economist analysis shows
The never-ending role of hydrocarbons: Part 1
Oil’s resilience and gas’ growth will continue to define the global energy mix into 2050, according to Petroleum Economist analysis, but that does not have to spell doom and gloom for sustainability
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India’s unquenchable gas appetite
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
Indian oil minister Hardeep Singh Puri
Markets India
Yogender Malik
New Delhi
9 October 2023
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Timing is all on India's fuel price cuts

With elections looming, the government must decide when to take the sting out of high oil prices

High global crude prices present a test for Prime Minister Narendra Modi’s government just six months before general elections are scheduled to be held in India. The government has the power to lower retail fuel prices, and sources in two major state-owned fuel retailers told Petroleum Economist the oil ministry has been in discussions for some time with state oil marketing companies (OMCs) to reduce retail prices for gasoline and diesel. Polls are due in November in five states—Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram—and will be followed by general elections by May 2024. Speculation about a reduction in retail fuel prices increased in industry circles after the Indian

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