India has announced plans to auction off 41 coal mines which would put an end to 4 decades of state-controlled coal mining. The Indian government hopes the privatization of coal mining will solve a fuel shortage that is threatening the country. India has felt the economic toll steaming from the COVID-19 pandemic and they are […]
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Today, oil prices dropped to $83 a barrel after the United States said it is actively considering waivers on the oil sanctions against Iran, potentially easing the current strain on supply and allowing Iranian oil exports to keep flowing.
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The second round sanctions by the U.S. on Iran will take effect in November. These sanctions will focus on Iran’s energy sector. The Trump administration forecasts that it will persuade the countries that import Iranian oil to cut as much as 1 million barrels a day when the sanctions begin in early November. The major […]
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