Kemp: India's Thirst for Gasoline Helps Spur Global Oil Demand
India's gasoline consumption is surging and has become of the fastest-growing components of global oil demand. With other parts of the global economy struggling, continued growth in gasoline consumption in India, together with the United States and China, has become one of the most important indicators for global oil prices. Saudi Arabia and other members of the Organization…
Indian Consortium Undecided on Afghan Iron Ore
An Indian consortium led by the Steel Authority of India (SAIL) has yet to decide how much it will commit to an iron ore project in Afghanistan that was originally supposed to be a $10.8 billion investment, SAIL's chairman said on Monday. India's steel ministry said in December that the group had proposed new terms and planned to invest about $2 billion in three iron ore mines and a steel plant. But SAIL Chairman C.S.