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Oil slips as US grants 30-day waiver for Indian refiners to buy stranded Russian crude

New Delhi, March 6 -- Crude oil prices fell in early trading on Friday after US Treasury Secretary Scott Bessent said Washington would allow a 30-day waiver for Indian refiners to purchase Russian oil... Read More


Facing supply disruption, govt directs refiners to raise LPG production, halts feedstock supply for petrochemicals

New Delhi, March 6 -- Facing supply disruption from West Asia, the Indian government has directed all state-run and private-sector refineries in the country to step up production of domestic cooking g... Read More


India may prioritize gas supply to CGD after Qatar disruption

New Delhi, March 6 -- India is weighing a plan to prioritize natural gas supply to critical sectors after LNG (liquefied natural gas) shipments from Qatar were disrupted following an attack on QatarEn... Read More


Oil prices up over 2% amid ongoing conflict in West Asia

New Delhi, March 5 -- Global crude oil prices rose over 2% on Thursday amid escalating tensions in West Asia, supply constraints and fears of a prolonged conflict disrupting critical energy routes. A... Read More


Oil up modestly after Trump pledges insurance for ships transiting Strait of Hormuz

NEW DELHI, March 4 -- Global oil prices rose about 1% in early trading on Wednesday after President Donald Trump announced that the US would provide insurance cover for ships in West Asia at a "reason... Read More


PNGRB to propose overground gas storage as West Asia conflict squeezes supplies

New Delhi, March 4 -- India's energy regulator is moving to plug a widening hole in the country's gas supply chain as the conflict in West Asia threatens supplies of natural gas that is vital to power... Read More


All eyes on oil stockpile as war throws a spanner in supply chain

New Delhi, March 4 -- New Delhi is keeping a close eye on its fuel and oil stocks, as disruption in the Strait of Hormuz throws global oil supply chains into disarray. According to two top officials ... Read More


Crude steadies after 10% spike, but Hormuz risks keep India on edge

New Delhi, March 3 -- Crude oil prices traded about 1% higher in early trade on Tuesday, cooling after Monday's sharp spike as the US signalled steps to mitigate rising domestic energy prices. However... Read More


Oil price jumps 10% amid West Asian conflict, closure of Strait of Hormuz

New Delhi, March 2 -- Global oil prices surged nearly 10% on Monday as the conflict in West Asia intensified and oil flows through the Strait of Hormuz remained disrupted, stoking fresh supply concern... Read More


India's peak oil demand pushed to 2040s, Shell economist says

NEW DELHI, Feb. 28 -- The timelines for peak fossil fuel consumption-including oil and coal in both India and globally-may be delayed further amid geopolitical tensions that are pivoting the focus tow... Read More