crude oil

Government Takes Measures to Address West Asia Crisis New Delhi, March 30 – The government is implementing a series of measures to mitigate external risks, support the balance of payments, and maintain macroeconomic stability in response to the ongoing West Asia crisis, according to Minister of...

New Mangalore Port Berth 9 Redevelopment Approved for Public-Private Partnership New Delhi, March 30 – The government has approved the New Mangalore Port Authority’s (NMPA) proposal for the redevelopment of Berth No. 9 for handling liquid bulk cargo on a Public-Private Partnership (PPP) basis...

Two Indian-Flagged LPG Carriers Head Towards Mumbai and New Mangalore New Delhi, March 29 Two Indian-flagged LPG tankers carrying nearly a day’s supply of cooking gas have successfully navigated the conflict-affected Strait of Hormuz and are now en route to India, according to an official...

India Fuel Supply Update: No Shortage of Petrol, Diesel, LPG; Government Dismisses Lockdown Rumors India Maintains Adequate Fuel Stocks Amid West Asia Crisis New Delhi, March 27: India currently holds sufficient stocks of petrol, diesel, and LPG to last at least two months under normal...

New Delhi, March 27 – Crude oil prices rebounded to trade nearly 2% higher in domestic futures on Friday, driven by global energy gains and heightened geopolitical tensions in West Asia.On the Multi Commodity Exchange (MCX), April crude oil opened lower at ₹8,820 per barrel but surged ₹143, or...

Bangladesh’s Fossil Fuel Import Bill Projected to Surge by $4.8 Billion New Delhi, March 27 – Bangladesh’s annual fossil fuel import bill is projected to increase by $4.8 billion, representing a 40 per cent rise from 2025 levels, according to a new analysis by Zero Carbon Analytics (ZCA).The...

Crude Oil Prices Plunge Amid Global Uncertainty, Rupee Weakens Crude Oil Price Volatility Brent crude futures fell as much as 2.29 per cent to $105.53 per barrel as of 9:40 am, while US WTI crude declined 2.54 per cent to $92.08. So far this week, Brent crude has dropped over 5 per cent...

New Delhi, March 26 Reliance Industries Limited (RIL) on Thursday denied reports that it had purchased Iranian crude, calling these reports "baseless".Earlier reports claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily lifted sanctions on...

New Delhi, March 26 India has approximately 60 days of fuel stock cover, the government said on Thursday, adding that there is no shortage of petrol, diesel, or LPG, as it dismissed reports of shortages as a "deliberate misinformation campaign" aimed at triggering panic buying.The Ministry of...

India Addresses Fuel Supply Concerns, Expands PNG Network New Delhi – The Indian government is taking proactive steps to address concerns regarding petrol and diesel supply while simultaneously accelerating the rollout of piped natural gas (PNG) infrastructure across the country. According to...

Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...

Mumbai, March 25 The rupee plunged by 20 paise to close at a fresh record low of 93.96 against the US dollar on Wednesday as heavy outflows from foreign investors and rising tensions in the Middle East kept investors on edge.Even a decline in global crude oil prices, a weaker US dollar, and...

Mumbai, March 25 Stock markets rallied for the second consecutive day on Wednesday, with benchmark indices Sensex and Nifty closing nearly 2 per cent higher, as crude oil prices dropped and global markets advanced amid hopes of de-escalation in the war in West Asia.The 30-share BSE Sensex...

Crude Oil Prices Decline Over 4% on Geopolitical Developments Crude Oil Futures Drop in Futures Trading New Delhi, March 25 – Crude oil prices experienced a significant decline on Wednesday, falling by more than 4 per cent to Rs 8,340 per barrel in futures trading on the Multi Commodity Exchange...

New Delhi, March 25 – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) jointly asserted on Wednesday that there are no shortages of petrol, diesel, or LPG within the country. The companies urged citizens to disregard rumors...

India Prioritizes Citizen Safety and Energy Security Amid West Asia Crisis New Delhi, March 25 – As the situation in the West Asia continues to evolve, the Indian government is implementing a multi-faceted strategy focused on safeguarding its citizens, ensuring critical supplies, and bolstering...

Mumbai, March 24 The rupee fell by 23 paise to close at 93.76 against the US dollar on Tuesday as a stronger dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the local...

Rupee Falls 35 Paise to 93.88 Against US Dollar Amid Strong Greenback and Crude Price Concerns Mumbai, March 24: The Indian rupee weakened by 35 paise to close at 93.88 (provisional) against the US dollar on Tuesday, pressured by a strengthening dollar and elevated global crude oil prices that...

Crude Oil Prices Rebound on MCX Amid West Asia Tensions, Global Markets Stay Volatile Crude Oil Gains ₹204 in Futures Trade Crude oil prices rebounded in futures trading on Tuesday, rising by ₹204 to ₹8,549 per barrel, as geopolitical uncertainty in West Asia continued to influence market...

Indian Stock Market Opens Strong as Sensex Surges Over 1,500 Points Amid Easing Middle East Tensions Benchmark Indices Rally in Early Trade Mumbai, March 24: Indian equity markets opened sharply higher on Tuesday, driven by optimism around easing geopolitical tensions in the Middle East. The...