crude oil

Bhubaneswar, March 25 Union Minister Dharmendra Pradhan urged his cabinet colleague in the Ministry of Petroleum and Natural Gas, Hardeep Singh Puri, and the Chief Minister of Odisha, Mohan Charan Majhi, to expedite the implementation of the proposed 'Strategic Petroleum Reserve' (SPR) project...

New Delhi, March 25 Crude oil prices declined by more than 4 per cent to Rs 8,340 per barrel in futures trading on Wednesday, tracking weak global trends amid reports of possible negotiations between the US and Iran to end the war.On the Multi Commodity Exchange (MCX), crude oil for April...

New Delhi, March 25 State-owned oil companies said on Wednesday that there is no shortage of petrol, diesel, or LPG in the country, urging citizens not to believe rumors circulating on social media or resort to panic buying.Indian Oil Corporation (IOC), the nation's largest oil firm, said...

Bharat Petroleum and Hindustan Petroleum have stated that there is no fuel shortage across the country. In a social media post, they announced that sufficient stocks of LPG, crude oil, petrol, diesel, and Aviation Turbine Fuel are available, and supply chains are operating smoothly without any...

March 25, New Delhi - Stock prices rose and oil prices fell today, following reports that the U.S. is seeking a month-long ceasefire in its war with Iran and has put forward a proposal.S&P 500 futures rose by 0.9% in the morning session in Asia, while European futures rose by 1.2%, and Brent...

Mumbai, March 24 The rupee fell by 23 paise to close at 93.76 against the US dollar on Tuesday as a stronger dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the local...

New Delhi, March 24 Congress President Mallikarjun Kharge on Tuesday termed Prime Minister Narendra Modi's statement in the Rajya Sabha on the West Asia crisis as "an exercise in obfuscation" and said it came "too late" and raises more questions than answers.Kharge also criticized Modi for his...

Mumbai, March 24 The rupee fell by 35 paise to 93.88 (provisional) against the US dollar on Tuesday as a strengthening dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the...

New Delhi, March 24 Crude oil prices rebounded in futures trading on Tuesday, rising by Rs 204 to Rs 8,549 per barrel amid uncertainty over geopolitical developments in West Asia.On the Multi Commodity Exchange (MCX), crude oil for April delivery increased by Rs 204, or 2.44 per cent, to Rs...

New Delhi, March 24 Prime Minister Narendra Modi said on Tuesday that the government is trying to procure gas and crude oil from all available sources, and efforts will continue in the coming days as the war in West Asia has created a serious energy crisis globally.In a statement in the Rajya...

Melbourne, March 24 – As Australia sits at the far end of the regional fuel supply chain, it may face a "fuel supply crunch" in the coming weeks, according to local media reports, citing the conflict in the Middle East that has driven up international energy prices and exposed Australia's heavy...

Washington, March 23 – Oil prices fell, and markets rallied after President Donald Trump postponed strikes on Iran, a development closely watched in India for its economic impact.Trump, in a Truth Social post, said that the United States would hold off on attacks on Iranian energy...

New Delhi, March 23 Crude oil prices reversed early gains on Monday, hitting the lower circuit after declining by 9 per cent to Rs 8,431 per barrel in futures trading, following US President Donald Trump's announcement of a temporary halt to military strikes on Iran's energy infrastructure.On...

New Delhi, March 23 India's strategic oil reserves, designed to provide cover for about 9.5 days of supplies during disruptions or price shocks, are currently at only two-thirds capacity, the Rajya Sabha was informed on Monday.India, the world's third-largest energy consumer and heavily...

New Delhi, March 23 – Congress MP Manish Tewari raised concerns on Monday about supply disruptions caused by the ongoing conflict in West Asia and stressed the need to give diplomacy a chance. He said the war has entered a very critical and dangerous phase, urging all sides to de-escalate...

New Delhi, March 23 – Prime Minister Narendra Modi stated on Monday that the government is working to ensure uninterrupted supplies of oil and gas amid the conflict in West Asia, while emphasizing that India has diversified its energy imports, unlike in previous instances, and will continue...

New Delhi, March 23 – The current stock of crude oil held as part of India's strategic reserves is approximately 3.372 million metric tonnes (MMT), which represents 64 per cent of the total storage capacity of these reserves, the Parliament was informed on Monday.Through a Special Purpose...

New Delhi, March 23 – Prime Minister Narendra Modi will address the Lok Sabha at 2 p.m. on Monday, focusing on the key concerns related to the ongoing West Asia conflict.Earlier on Sunday, Prime Minister Modi chaired a high-level meeting to review the situation in the petroleum, crude oil...

Today, Prime Minister Narendra Modi chaired a high-level meeting to review the situation in the petroleum, crude oil, gas, power, and fertilizer sectors, amid the evolving situation in West Asia. The meeting, held in New Delhi, focused on ensuring uninterrupted supply, stable logistics, and...

Washington, March 22: India’s economic momentum is facing a fresh challenge as the ongoing US-Israeli conflict with Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a report in The New York Times.Just weeks ago, India...