energy market

New Delhi, April 5 In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — decided on Sunday to implement a production adjustment of 206,000 barrels per day...

New Delhi, April 2 – The government's calibrated 8.5 per cent increase in aviation turbine fuel (ATF) prices for domestic airlines may offer short-term relief to oil marketing companies (OMCs), according to analysts.Analysts at global brokerage firm Nomura estimate that state-owned fuel...

New Delhi, April 1 – ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil...

New Delhi, April 1 – PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital.The price of XP100 petrol has been increased to Rs 160 per litre, up from Rs 149 previously. This high-octane fuel is primarily used in luxury...

NSE to Launch Dated Brent Crude Oil Futures from April 13 New Contract to Track Global Oil Benchmark New Delhi, March 29 The National Stock Exchange (NSE) is set to introduce Dated Brent Crude Oil (Platts) futures from April 13, further strengthening its commodity derivatives segment with...

Strait of Hormuz Tensions: China Hesitant on Iran’s Safe Corridor, Risks Rise for Asian Energy Supply New Delhi, March 27 – Iran’s proposal to establish a safe shipping corridor in the Strait of Hormuz has received a lukewarm response from China, highlighting growing concerns among major Asian...

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...

US Begins Massive Strategic Petroleum Reserve Drawdown with 86 Million Barrel Exchange Department of Energy Initiates Oil Exchange from Emergency Reserve The Trump administration has initiated the process for a major drawdown of the United States Strategic Petroleum Reserve (SPR), issuing a...

Crude Oil Prices Climb Above $90 as Strait of Hormuz Disruptions Offset Record Reserve Release Oil Prices Extend Gains in Early Thursday Trade Crude oil prices continued their upward trend on Thursday, March 12, with US crude, also known as West Texas Intermediate, rising back above the $90 per...

IEA Considers Largest-Ever Oil Reserve Release as Middle East Tensions Push Prices Higher Emergency Meeting Discusses Major Market Intervention The International Energy Agency (IEA) is considering the largest release of strategic oil reserves in its history as governments confront rising crude...

Brent Crude Slides Below $100 After Trump Signals Iran War May End Soon Oil Prices Record Sharpest Intraday Reversal as Markets React to Policy Signals Global oil prices witnessed a dramatic reversal on Monday after US President Donald Trump indicated that the war involving Iran could end soon...

Government Calls for Transparent Petroleum Pricing Seoul, March 9: South Korea’s Industry Minister Kim Jung-kwan on Monday urged major oil refiners to avoid excessive fuel price increases as international crude oil prices surge due to the ongoing tensions in the Middle East.During a meeting in...

Oil Prices Surge to Seven Month High as US and Israel Strikes on Iran Trigger Middle East Crisis Global oil prices have jumped sharply after coordinated military strikes by the United States and Israel on Iran escalated tensions across the Middle East over the weekend. The situation intensified...

Leadership Reshuffle Signals Strategic Reset Suzlon Group has announced a major strategic repositioning under its new roadmap titled “Suzlon 2.0,” marking its transition from a wind turbine manufacturer to a comprehensive renewable energy solutions provider.As part of this shift, the company...

Middle Eastern Suppliers Gain Share as Russian Volumes Face Sanctions Pressure New Delhi, February 22: India’s crude oil import strategy is moving into a phase of calibrated rebalancing, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain...