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.
A state-owned gas pipeline exploded and burst into flames Friday, killing at least 15 people, destroying homes and forcing the evacuation of neighboring villages in the southern Indian state of Andhra Pradesh, authorities said.
President Barack Obama’s proposal to curb U.S. greenhouse gas emissions might improve the chances of completing a global climate treaty but is unlikely to defuse demands by China, India and others for Americans to do more.
First Solar Inc., one of the largest suppliers of photovoltaic panels to India, challenged in court the findings of a government probe that said U.S. and Asian suppliers dumped products in the local market.
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