AI systems may now have a carbon footprint equivalent to that of New York City in 2025, while their water footprint could be in the range of the global annual consumption of bottled water. After previously estimating the global power demand of AI systems in 2023, 2024 and 2025, my latest research—published open access in…
At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in the region in more than five years, according to Kpler. The area is close to Shandong province, a hub for independent oil refiners.
India’s economy receives a boost as oil prices drop below $60 a barrel. This eases the nation’s import bill and significantly increases profits for state-run fuel retailers. While pump prices remain steady, potential cuts are anticipated before upcoming assembly elections. Lower crude costs offer a welcome tailwind to the already robust economic growth.
NTPC, a state-owned powerhouse, has just augmented its solar energy footprint with an addition of 359.58 MW. This boosts the company’s overall capacity to a remarkable 85.5 GW, a milestone achieved through projects based in the vibrant states of Gujarat and Rajasthan.
India’s Russian oil imports are set to exceed 1 million barrels per day in December, defying expectations of a decline. Refiners are resuming purchases from non-sanctioned entities offering significant discounts, maintaining strong ties despite Western sanctions. This trend is expected to continue into January, with state refiners increasing their intake.