Venezuela has approved one of the most far-reaching reforms of its oil industry in over two decades, marking a dramatic shift away from strict state control and opening the door for greater private and foreign participation. The National Assembly passed the amended hydrocarbons law in a final vote this week,…
Tag: #EnergyPolicy
News
Electricity (Amendment) Bill 2025: Power Sector Reforms in India
In a major step towards modernising India’s power sector, the Central Government has released the draft Electricity (Amendment) Bill, 2025, aimed at financial sustainability, enhanced competition, and accelerated adoption of non-fossil fuel electricity. The Bill, currently under stakeholder consultation, seeks to align India’s power framework with the vision of Viksit…
News
IIT Delhi Launches CoE for Power Sector Regulatory Excellence
The Government of India, in a significant step to strengthen power sector regulation, has inaugurated the Centre of Excellence (CoE) for Regulatory Affairs at IIT Delhi. Shri Manohar Lal, Union Minister of Power, officiated the launch, emphasizing the Centre’s role in promoting informed, forward-looking regulation amid India’s evolving energy landscape….
News
Trump Says India Will Stop Buying Russian Oil
U.S. President Donald Trump on Friday told reporters that India “will not be buying oil from Russia” and had already “more or less stopped” purchases — comments that New Delhi has since described as inconsistent with its publicly stated energy policy. What Trump said Speaking to the media during a…
News
Top 10 Oil Consuming Countries 2025: India Ranks 3rd
The global demand for oil continues to rise in 2025, with the United States, China, and India leading as the largest consumers. These countries collectively drive industrial growth, transportation, and energy consumption worldwide. United States: Leading Oil Consumer The United States tops the list, consuming nearly 20.01 million barrels of…