The world’s last wave of oil refining bets is all about India
Wednesday, 31 January 2024 The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels. The South Asian nation has set in motion a building blitz at its oil refineries to raise production of traditional transport fuels such as gasoline and diesel, which could lift capacity by more than 20% over the next five years. Rystad Energy puts the cost of additions at around $60 billion.
World Economic Forum (WEF) President Borge Brende expressed concern over the recurrent attacks on merchant ships by Yemen's Houthi rebels in the Red Sea. These attacks, he warns, could lead to a..
UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N. Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record..
Credit: Wibbitz Top Stories Duration: 01:31Published
Wednesday, 31 January 2024
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