crude oil

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

March 30, New Delhi – A Russian oil tanker, subject to US sanctions, is expected to arrive in Cuba by Tuesday, despite an effective American blockade of fuel supplies to the energy-deprived island.The Anatoly Kolodkin, carrying 730,000 barrels of crude oil, was located off the eastern coast of...

New Delhi, March 30 Crude oil prices rose by Rs 159 to Rs 9,554 per barrel in futures trading on Monday, as the escalating conflict in West Asia is causing severe disruptions in energy supply.On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 159, or 1.69%, at Rs...

New Delhi, March 29 Two more Indian-flagged LPG tankers, carrying approximately a day's supply of the country's cooking gas, have safely navigated through the war-affected Strait of Hormuz and are expected to reach Indian shores in the next couple of days."Two LPG carriers, BW TYR and BW ELM...

New Delhi, March 29 – As many as 6,000 PNG consumers have now surrendered their LPG connections in order to make more LPG available to those who do not have access to piped natural gas amid the disruption in supplies due to the Iran war, a top Petroleum and Natural Gas Ministry official said on...

Amid the evolving situation in West Asia, the government stated today that adequate stocks of petrol and diesel are available at all petrol pumps across the country. In a statement, the government informed that more than 54 lakh LPG refills were delivered in the country on Friday. The government...

Noida, March 28 – Prime Minister Narendra Modi on Saturday credited farmers for ushering in what he described as a "new phase of development" in Uttar Pradesh, while also highlighting their role in ethanol production and providing "huge relief" to the country during a period of global...

New Delhi, March 27 – The Ministry of External Affairs (MEA) said on Friday that four ships carrying LPG have arrived in India after crossing the Strait of Hormuz, and assured that New Delhi is in contact with concerned countries to ensure the safe transit of its ships to meet its energy needs...

Jaipur, March 27 The Rajasthan unit of the Congress on Friday criticized the Centre's "policy failures" regarding LPG supply, saying that while the government has raised concerns about it in Parliament, it denies any crisis elsewhere.Addressing a protest at Shaheed Smarak here against...

March 27, New Delhi: Speaking at an inter-ministerial briefing in New Delhi, officials stated that the government is taking steps to protect the academic interests of Indian students in the Gulf region amid the ongoing situation.Aseem Mahajan, Joint Secretary (Gulf), Ministry of External...

Mumbai, March 27 – The Sensex and Nifty benchmark indices plunged by over 2% on Friday after a two-day rally, in line with a global sell-off, as investor sentiment weakened due to uncertainties surrounding geopolitical tensions.The sustained prices of crude oil above USD 100 per barrel, the...

New Delhi, March 27 Crude oil prices trimmed early losses to trade nearly 2 per cent higher at Rs 9,061 per barrel in futures trading on Friday, tracking gains in global energy benchmarks amid geopolitical uncertainty in West Asia.On the Multi Commodity Exchange (MCX), crude oil for the April...

March 27, New Delhi - The Indian government reduced the additional excise duty on both petrol and diesel in response to growing concerns about a nationwide rise in fuel prices due to the ongoing crisis in the Middle East.According to a government order, the additional excise duty on petrol was...

Visakhapatnam, March 26 Visakhapatnam Port handled over 12 vessels carrying crude oil and LPG during February and March, while at least six more are scheduled to arrive in the coming days, reflecting steady cargo movement, officials said on Thursday.The VPA noted that the arriving vessels...

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...

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...

New Delhi, March 25 Prime Minister Narendra Modi has informed US President Donald Trump that the conflict in West Asia must end soon, as it is affecting everyone, the government told the opposition at a meeting on Wednesday, calling Pakistan a "broker" nation due to its alleged role in the...

March 25, New Delhi — The Indian government stated today that the country has the capacity to refine 36 million tonnes of crude oil and urged citizens to stop believing in rumors and avoid panic buying.Speaking at an inter-ministerial briefing on recent developments in West Asia held in New...

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...