Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
The global shift to electric vehicles, led by China, is set to significantly impact the oil market, potentially reducing oil demand by up to 6 million barrels per day by 2030. The IEA report projects EVs will constitute 50% of global car sales by then, stressing the need for faster emissions reduction to meet climate goals.
BPCL to spend $18.16 bn in oil, green energy over 5 years
Indian refiner Bharat Petroleum Corp plans to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net zero goal, Chairman G Krishnakumar said on Monday. Companies in India, the world's third largest emitter of greenhouse gases, are investing billions of dollars to cut their emissions, but they are also investing in fossil fuel as India's economic expansion is expected to drive petrochemical and fuel demand.
BSE, NSE limit price movement in Essar Oil, Suzlon Energy, Educomp and CORE Education stocks to 10%
Leading bourses have put a price band on share movements of four firms including Essar Oil and Educomp, as part of preventive surveillance measures.
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