crude oil

On March 5, a day after a US submarine torpedoed and sank an Iranian warship in international waters off the coast of Sri Lanka, the Congress questioned the government's silence. Rahul Gandhi stated that while the country needed a strong leader, the current Prime Minister had "compromised our...

New Delhi, March 5 Crude oil prices rose by Rs 185 to Rs 7,055 per barrel in futures trading on Thursday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 185, or 2.69 per cent, at Rs...

Islamabad, March 4 Pakistan said on Wednesday that Saudi Arabia has responded positively to its request for an alternative oil supply route in the wake of the closure of the Strait of Hormuz due to the attack on Iran.Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Saudi...

Moscow, March 4 The ongoing war in West Asia may increase India's demand for Russian crude oil, potentially reaching levels of 1.5 million barrels per day, peaking in 2024-2025, according to a leading expert on global oil trade.On Tuesday, Deputy Prime Minister Alexander Novak told state TV...

New Delhi, March 4 Crude oil prices rose by Rs 93 to Rs 7,018 per barrel in futures trading on Wednesday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 93, or 1.34%, to Rs 7,018 per barrel in...

Moscow, March 3 Russia claimed on Tuesday that India has signaled "renewed interest" in importing larger volumes of Russian crude oil amid disruptions in energy supplies following the closure of the Strait of Hormuz after US and Israeli strikes on Iran.The Strait of Hormuz is the world's most...

New York, March 3 – US President Donald Trump signaled on Tuesday that he was prepared for a prolonged war in a post on Truth Social, asserting that its ammunition stockpiles could withstand a long conflict.In a post that used the ominous word "forever," he said, "As was stated to me today, we...

Hyderabad, March 3 Union Coal and Mines Minister G Kishan Reddy said on Tuesday that citizens do not need to worry about the availability of petroleum products in the country due to the ongoing armed conflict in West Asia.In a statement here, he said that the country is prepared to face the...

New Delhi, March 3 As many as 37 Indian-flagged ships with over 1,000 seafarers are stranded in the Persian Gulf, the Gulf of Oman, and the adjoining sea areas due to the closure of the key shipping route through the Strait of Hormuz, caused by the ongoing military actions involving the United...

Amid the outbreak of hostilities in West Asia and the evolving global energy situation, the government has ensured both the availability and affordability of energy for its population by diversifying its sources. The Ministry of Petroleum and Natural Gas stated that India is the third largest...

New Delhi, March 3: India is in a reasonably comfortable position regarding crude oil, LPG, and LNG, with a reserve of 25 days for crude and 25 days for products, including those in transit on ships heading to the country's ports, according to government sources.India imports over 85% of its...

The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has stated that the government is continuously monitoring the evolving situation in West Asia. In a social media post, Mr. Puri said that all necessary measures will be taken to ensure the availability and affordability of major...

March 02, New Delhi — In light of the ongoing geopolitical developments in the Middle East, the Minister of Petroleum & Natural Gas reviewed the supply situation for crude oil, LPG, and other petroleum products with senior officials from the Ministry and PSUs.We are continuously monitoring the...

New Delhi, March 2 International oil prices rose by about 9% following attacks by the US and Israel on Iran, and retaliatory strikes by Tehran, but retail petrol and diesel prices in India are unlikely to increase in the near term, sources said.Brent crude, the global benchmark, climbed close...

The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, stated today that the government is continuously monitoring the evolving situation in West Asia. In a social media post, Mr. Puri said that all necessary steps will be taken to ensure the availability and affordability of major...

New Delhi, March 2 – Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney set a year-end target on Monday to complete the negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the two countries and agreed to deepen bilateral collaboration in the energy...

New Delhi, March 2 Shares of oil marketing companies and paint manufacturers declined on Monday, in line with the weak trend in equities, as the deepening conflict in West Asia drove crude oil prices higher.The stock of Indian Oil Corporation tumbled by 4.53 per cent, Hindustan Petroleum...

New Delhi, March 2 As the military conflict in the Middle East escalates, India's Ministry of Oil said on Monday that it is continuously monitoring the evolving situation and will take all necessary steps to ensure the availability and affordability of key petroleum products in the country...

In New Delhi, March 2 Oil prices could rise above $100 per barrel if tanker traffic through the Strait of Hormuz is not quickly restored, as the waterway's closure threatens to disrupt 15% of global oil supply and 20% of global LNG supply, according to consultancy Wood Mackenzie.Following US...

New Delhi, March 2 Crude oil prices rose by Rs 504 on Monday, hitting a record high of Rs 6,596 per barrel in futures trading, amid escalating tensions in the Middle East.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 504, or 8.27%, to Rs 6,596 per barrel in 10,530...