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Oil prices trade mixed as IEA says crude from reserves will start flowing in soon

New Delhi, March 16 -- Global crude oil prices traded on a mixed note on Monday after the International Energy Agency (IEA) announced plans to release oil from emergency reserves to stabilize markets ... Read More


Two LPG tankers cross Hormuz, six more stuck as India faces gas shortage

New Delhi, March 14 -- Two tankers carrying liquefied petroleum gas (LPG) have crossed the Strait of Hormuz and are heading to India, offering some relief as disruptions linked to the war in West Asia... Read More


Govt concedes LPG supply an issue, nudges city dwellers to opt for piped gas

New Delhi, March 14 -- Thirteen days after the war in West Asia broke, the Indian government on Friday said there are indeed concerns over supply and availability of cooking gas in the country due to ... Read More


Oil prices slightly lower after US allows all countries to purchase Russian oil for 30 days

New Delhi, March 13 -- Global crude prices were trading marginally lower after the US Treasury Department announced a 30-day waiver allowing all countries to purchase Russian oil currently stranded at... Read More


Oil prices up 8%, Brent at $100 as Iraq halts terminal operations after tanker attacks

New Delhi, March 12 -- International crude oil prices surged on Thursday morning despite the International Energy Agency's (IEA) decision to release 400 million barrels of crude stocks. Prices jumped... Read More


Govt says 28 Indian-flagged ships stranded in Persian Gulf due to Strait of Hormuz blockade

New Delhi, March 11 -- A total of 28 India-flagged ships with 778 Indian seafarers are stranded in the Persian Gulf region due to the blockade of the Strait of Hormuz, the government said on Wednesday... Read More


West Asia crisis: Bangladesh seeks increased diesel supply from India amid energy strain

NEW DELHI, March 11 -- Bangladesh has formally asked the Indian government to raise petroleum product exports from state-run Oil India Ltd's Numaligarh Refinery via the India-Bangladesh Friendship Pip... Read More


Oil rises 1%, stays below $90/bbl as IEA weighs strategic stock release

New Delhi, March 11 -- Crude oil prices traded higher on Wednesday morning after falling around 7% earlier in the session. Prices recovered after reports suggested that the International Energy Agenc... Read More


Facing domestic cooking gas supply squeeze, Indian refiners up LPG production by 10%, secure 20 very large gas carriers

New Delhi, March 10 -- Indian refiners have ramped up daily domestic production of liquefied petroleum gas (LPG) by around 10% in the past few days in the face of a supply squeeze from the US-Iran war... Read More


Oil prices fall after Trump says Iran war will be short lived, US will remove oil-related sanctions

New Delhi, March 10 -- Crude oil prices slumped nearly 10% on Tuesday morning after US president Donald Trump indicated the Iran war could be short-lived and signalled the possibility of easing oil-re... Read More