crude oil supply

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    Sri Lanka Addresses Energy Costs with Tariffs and Usage Guidelines

    Colombo, March 31 Sri Lanka has decided to increase electricity prices, effective April 1, the power authorities said.The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), KPL Chandralal, said on Monday that the state-owned electricity entity, the Ceylon Electricity Board...
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    LPG Supply Secure: India Secures 800,000 Tonnes, Counters Panic Buying Claims

    India has approximately 60 days of fuel stock cover, and one month's supply of LPG is readily available. There are no shortages of petrol, diesel, or LPG, and reports of shortages are a deliberate misinformation campaign aimed at creating panic buying.Amid reports of panic buying and long...
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    Trump Signals Pause, Markets Rally Amid Energy Concerns

    Washington, March 24: Global markets rallied after President Donald Trump signaled a pause in strikes against Iran, but analysts warned that the underlying energy crisis remains unresolved.Stocks surged, and oil prices fell sharply after Trump said the United States was holding talks with...
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    Refining Profitability Weakens as Asia Faces Crude Shortages

    New Delhi, March 18 Asian refining margins have turned negative after a brief surge earlier this month, as the ongoing Iran conflict disrupts crude supply chains and forces refiners across the region to cut operating rates.Benchmark Singapore gross refining margins (GRMs), a key indicator of...
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    Sri Lanka Reduces Work Week to Address Global Supply Issues

    Colombo, March 16 Sri Lanka announced a four-day work week, with Wednesday designated as a public holiday, as a precautionary measure in response to potential fuel shortages due to the conflict in the Middle East.Currently, the island nation operates on a five-day work week."It was decided...
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    Supply Chain Challenges: LPG Shortages Affecting Food Industry

    New Delhi, March 14 Eateries have cut their menus, increased prices, while many have switched to coal to cope with the LPG crisis, even as two Indian ships carrying domestic gas from the Gulf countries crossed the Strait of Hormuz early on Saturday morning.LPG carriers Shivalik and Nanda Devi...
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    Karnataka LPG Shortage Explained: Bommai's Response

    Bengaluru, March 13 – Former Karnataka Chief Minister and MP Basavaraj Bommai said that the opposition, out of frustration, was trying to politicize the issue of LPG.He stated that the ongoing conflict in West Asia has created problems worldwide, and that there will be no shortage of LPG if...
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    Lok Sabha to Vote on Supplementary Grants 2025-26

    The Lok Sabha will continue discussions and voting on the Supplementary Demands for Grants – Second Batch for 2025-2026. Finance Minister Nirmala Sitharaman will respond to the debate in the House. In the Rajya Sabha, further discussion will be held on the functioning of the Ministry of Rural...
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    India Monitors Vessels, Supports Seafarers in Persian Gulf

    Joint Secretary of the Ministry of Petroleum and Natural Gas, Sujata Sharma, stated that India's crude oil supply is secure, and approximately 70 percent of the country's crude imports are now coming from outside the Strait of Hormuz.Addressing an inter-ministerial briefing on recent...
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    India Prepares for Oil Price Volatility Amid Strait of Hormuz Uncertainty

    India is unlikely to face any immediate disruptions in oil supplies despite the rising tensions around Iran and the Strait of Hormuz, but higher crude prices and broader macroeconomic pressures are expected in the near term, according to officials and analysts.Indian refineries currently have...
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    Iran Crisis: India Prepares for Price Swings, Not Supply Shortages

    New Delhi, March 1 India is unlikely to face any immediate physical disruption in oil supplies despite escalating tensions around Iran and the Strait of Hormuz, but higher crude prices and broader macroeconomic pressures are expected in the near term, officials and analysts said.Indian...
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