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Oil prices up 1% as US-Iran ceasefire signals diverge

New Delhi, March 26 -- Global crude oil prices rose over 1% on Thursday as conflicting signals from the US and Iran on potential ceasefire talks kept markets on edge amid the ongoing West Asia war. A... Read More


Amid war urgency, India to soon float $1 billion global tender for Chandikhol crude reserve

New Delhi, March 26 -- The West Asia war and the disruptions to energy supply have stirred urgency around India's long-delayed push to build strategic petroleum reserves (SPRs). Indian Strategic Petro... Read More


Nayara Energy raises petrol, diesel prices as West Asia war squeezes supply

NEW DELHI, March 26 -- As the West Asia war tightens fuel supplies and drives crude prices sharply higher, Rosneft-backed Nayara Energy has raised petrol and diesel prices by Rs.5 and Rs.3 per litre r... Read More


L&T Tech to sell smart world portfolio to AM Group-backed AMI Paradigm Solutions

New Delhi, March 26 -- L&T Technology Services Ltd is set to sell its smart world and communication (SWC) business to AMI Paradigm Solutions Pvt Ltd, a newly formed entity backed by renewable energy c... Read More


Oil prices drop 5% amid hopes of ceasefire in the war in West Asia, Brent below $100

New Delhi, March 25 -- International oil prices declined around 5% on Wednesday morning amid hopes of a ceasefire in the war between the US-Israel and Iran, after the US president reiterated that talk... Read More


Oil jumps 4% as Iran denies US talks, tensions flare again

New Delhi, March 24 -- International oil prices traded around 4% higher on Tuesday morning after a fall in the previous session, as Iran denied talks with the US government to end the ongoing war in W... Read More


India mulls rules to make oil firms fortify LPG buffer as war chokes supply

New Delhi, March 24 -- India is considering making it mandatory for oil marketing companies (OMCs) to hold minimum kitchen gas reserves to double the buffer, as the world's second-largest importer of ... Read More


Oil prices rise amid Trump's 48-hour ultimatum to Iran

New Delhi, March 23 -- Global crude oil prices traded marginally higher early Monday as traders weighed fresh threats of escalation of the conflict between the US and Iran. At 8.44 am, the April cont... Read More


As the West Asian crisis prolongs, how is India placed on the natural gas front?

New Delhi, March 23 -- India imports around 50% of its liquefied natural gas (LNG) requirements from West Asia, and most of it is sourced from Qatar. With the ongoing blockade of the Strait of Hormuz ... Read More


Modi reviews fuel, fertilizer supplies amid escalating West Asia conflict

New Delhi, March 22 -- Prime Minister Narendra Modi on Sunday chaired a Cabinet Committee on Security (CCS) meeting to review and ensure the availability of critical resources such as food, energy and... Read More