17 February 2012
"The oil weapon has seductive appeal. The current situation where some of the world's largest consumers of crude oil as well as one of the important producers of crude oil are threatening to use the oil weapon is particularly interesting apart from being threatening"
OIL & GAS
- India seeks at least 2.6 mn barrels extra Saudi oil
- Repsol's YPF boosts Argentine shale oil estimates to 23 bn barrels
- China to increase domestic diesel, gasoline prices first time in 10 months
POWER
- JSW Energy to set up power plant in South Africa
- Obama budget would cut $40 bn in fossil-fuel credits
- Spanish firm to build Israel's largest solar power plant
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