Brent crude futures, the international benchmark, fell 62 cents, or 1 per cent, to $64.43 a barrel by 0405 GMT, having fallen more than $ 1 earlier in the session. U.S. West Texas Intermediate (WTI) crude was down 67 cents, or 1.2 per cent, at $ 57.91 a barrel, also having dropped more than a $1 earlier.
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Most of the capacity addition is likely to come from utilities owned by the state and federal governments
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India's coal imports from Australia and Colombia will increase in the long run as demand for high-energy coal grows due to environmental reasons, Dale Hazelton said at the India Coal Conference in New Delhi.
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There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, Editor, Hamburg, Germany-based newsletter Oil World.
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WoodMac previously said India's thermal coal imports grew at their fastest pace since 2014 to 164 million tonnes in 2018.
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"High-quality solar resources, market scale and competition have pushed solar costs down to half the level seen in many other Asia Pacific countries".
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"We, of course, call on the international community and have discussions with my counterpart Minister Pradhan today that India also needs to do its part of securing free navigation of sea links transporting energy to the rest of the world," al-Falih told Reuters after meeting with India's Petroleum Minister Dharmendra Pradhan.
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Low auction prices are also expected to help boost new solar PV capacity by the end of this year to 114.5 gigawatts (GW), 17.5% higher than 2018 and the first time new installations have exceeded 100 GW.
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