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Children play on the rooftop of a house as emissions billow from smokestacks at the NTPC Ltd. Badarpur coal-fired power plant in Badarpur, Delhi, India, on Tuesday, April 28, 2015. (Kuni Takahashi/Bloomberg)

India renewable power demand to surge by 2040

Over the next quarter century, the 240 million people without electricity in India will likely become the biggest force behind global energy demand, the International Energy Agency says in a new report.
Fatih Birol of the International Energy Agency.  (Dave Rossman photo)

IEA: Cheap oil era could boost reliance on Middle Eastern crude

If crude prices don’t bounce back by the end of the decade, an era of cheap oil could consolidate more oil-market power into the hands of a few low-cost producers in the Middle East – raising concerns about energy security for oil-importing nations, the IEA says.
FILE PHOTO: Saudi Arabia's King Abdullah bin Abdulaziz Al Saud enters a car on his arrival in Beijing, China, on Sunday, Jan. 22, 2006. King Abdullah has died and will be succeeded by his half-brother, Crown Prince Salman, at the helm of the world's biggest oil exporter. Photographer: Lucas Schifres/Bloomberg *** Local Caption *** King Abdullah

Saudi Aramco says it foils fraud attempt involving India

A statement by Saudi Aramco said the fraud involved a fake money transfer, without elaborating.
An oil worker walks by an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain

FILE - In this Thursday, Jan. 8, 2015 file photo, an oil worker walks by an oil pump during a sandstorm that blew in, in the desert oil fields of Sakhir, Bahrain. Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.(AP Photo/Hasan Jamali, File)

Former IEA chief: Oil will stay below $100 until 2020 because of U.S. shale boom

“Price will not go up to a hundred as easily as before,” the former IEA head said.
This Aug, 31, 2005 file photo shows a man pushing his bicycle through flood waters near the Superdome in  New Orleans after Hurricane Katrina left much of the city under water. (AP Photo/Eric Gay, File)

Law center: Gulf Coast rig repair firm apologizes for mistreated workers in Katrina aftermath

Signal hired roughly 500 Indian welders and shipfitters after the devastating 2005 hurricane in a rush of repair work on storm-damaged oil equipment and rigs.
LyondellBasell saw a 13 percent boost in second quarter profits thanks to continued access to cheap natural gas and natural gas liquids.

LyondellBasell to acquire Indian chemical manufacturer

LyondellBasell, which is operated out of Houston, announced early Monday that it entered into a definitive agreement to buy SJS Plastiblends PVT based in Maharashta, India. The terms of the deal were not disclosed in the announcement.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Big Oil’s plan to become Big Gas

With almost 200 nations set to hammer out a binding pact on carbon emissions in December, fossil-fuel companies led by Royal Dutch Shell Plc and Total SA say they’re refocusing on gas as a cleaner alternative to the cheap coal that now dominates electricity generation worldwide.
(AP Photo/Channi Anand)

India said to mull lowering natural gas price 10 percent as energy costs plunge

The government continues to work on a plan to allow a premium for gas produced from deep-water fields, the official said.
a worker sprays water in the switchyard area of the under- construction coal-fired power plant, partially financed by the Japan Bank for International Cooperation, in Kudgi, India. (AP Photo/Aijaz Rahi)

Japan uses climate cash for coal plants in India, Bangladesh

Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh.

IEA sees China, India filling strategic reserves with cheap oil

The two nations are building emergency stockpiles with millions of barrels of crude that mirror the reserves of oil and refined products that the U.S. and its western allies amassed after the first oil crisis of 1973 to 1974.