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Energy News MonitorVol.-XI, Issue-19, 21 October 2014
After years of mulling over gas prices in India there has been a decision now, and that's a very positive development, at least, since most potential investors shy away from risk and uncertainty as the devil avoids the holy water.
The decline in oil prices may be depriving Russian President Vladimir Putin of his biggest ally. Oil has been the key to Putin's grip on power since he took over from Boris Yeltsin in 2000, fueling a booming economy that grew 7 percent on average from 2000 to 2008.
The Advisory Group, set up under former Power Minister Suresh Prabhu to suggest ways to enhance growth and address regulatory issues in the coal and power sectors, will submit its report to the government.
China's drive to build electric cars is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis Inc., the world's biggest supplier to automakers of sheets made of the lightmetal.