Bloomberg India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said. India’s refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently, and investments are already being made, said Shrikant Madhav Vaidya, …

MELBOURNE / Reuters The Australian government warned that the country’s east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by November 1 whether to pull the trigger on its Australian Domestic Gas …

Bloomberg The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen. Getting rid of wastewater from onshore wells has become an increasingly costly problem for oil producers as US crude output surged in recent years, especially in the new shale fields from Texas …