crude oil

New Delhi, March 18: Domestic liquefied petroleum gas (LPG) production has increased by 40 per cent, the government said on Wednesday, adding that supply concerns remain due to the closure of the key oil route of the Strait of Hormuz.Joint Secretary, Marketing and Oil Refinery, of the Ministry...

Mumbai, March 18 The rupee plunged by 23 paise to close at a record low of 92.63 (provisional) against the US dollar on Wednesday, weighed down by a stronger dollar and sustained outflows from foreign investors.Rising crude oil prices in global markets, amid intensifying conflict in the Middle...

New Delhi, March 18 Crude oil prices declined by Rs 137 to Rs 8,734 per barrel in futures trading on Wednesday as signs of easing supply concerns emerged in the market amid geopolitical tensions.On the Multi Commodity Exchange (MCX), crude oil for the March delivery declined by Rs 137, or 1.54...

March 18, New Delhi – The Indian-flagged crude oil tanker, Jag Laadki, has arrived at Adani Ports Mundra in Gujarat.The vessel carried approximately 80,886 metric tonnes of crude oil sourced from the UAE. Its arrival highlights the ongoing crude oil imports amidst regional supply concerns...

Ahmedabad, March 18 The Indian-flagged tanker 'Jag Laadki', carrying approximately 80,886 metric tonnes (MT) of crude oil, arrived at the Mundra Port in Gujarat on Wednesday amidst the West Asia conflict, officials said.A day earlier, the LPG carrier 'Nanda Devi' arrived at the Vadinar port in...

New Delhi, March 18 The Indian-flagged oil tanker, Jag Laadki, has reached the Mundra port in Gujarat after safely sailing from Fujairah in the UAE, despite an attack on the terminal, bringing the total number of vessels transiting the conflict-affected zone to four.The tanker, carrying 80,886...

Bhuj, March 18 – The Indian-flagged crude oil tanker, 'Jag Laadki', has safely arrived at Adani Ports’ Mundra terminal in Gujarat, carrying approximately 80,886 metric tonnes of crude oil sourced from the United Arab Emirates.The vessel was loaded at Fujairah Port and berthed here on...

Colombo, March 17 Sri Lanka currently has sufficient fuel reserves to last until mid-May, according to the island nation's Energy Minister, Kumara Jayakodi, who made the statement to parliament on Tuesday.The minister's statement comes in the context of the ongoing conflict between Iran and...

Karachi, March 17 Iran has allowed a Pakistani commercial oil tanker to pass through its side of the Strait of Hormuz and enter Pakistan's territorial waters in the Arabian Sea, an official said on Tuesday.The ship, 'MT Karachi', carrying around 109,990 tonnes of crude oil, will dock at the...

New Delhi, March 17 A second Indian-flagged LPG tanker arrived in the country early Tuesday after safely navigating from the war-affected Strait of Hormuz, and efforts are underway to ensure the safe passage of the remaining 22 Indian vessels still stranded in the conflict zone.The LPG tanker...

New Delhi, March 17 Crude oil prices rebounded by ₹261 to ₹8,981 per barrel in futures trading on Tuesday, amid firm global trends and uncertainty over supply disruptions due to the ongoing conflict in West Asia.On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by...

New Delhi, March 17 The price of silver rose by Rs 2,168 to Rs 2.58 lakh per kilogram in futures trading on Tuesday, ending a four-day decline, driven by renewed demand for safe-haven assets amid escalating geopolitical tensions in West Asia.On the Multi Commodity Exchange, the silver for May...

Seoul, March 17 – South Korean President Lee Jae Myung said on Tuesday that the government should prepare measures to mitigate the potential economic fallout under the worst-case scenario where the Middle East crisis becomes prolonged.Lee made the call as the Strait of Hormuz, a critical...

New Delhi/Mumbai, March 16 Amid concerns over LPG supply in various parts of the country, the issue was raised in Parliament on Monday, where opposition and ruling BJP members clashed over the energy crisis.Leader of the Opposition in Rajya Sabha, Congress MP Mallikarjun Kharge, stated that...

March 16, New Delhi – India's inter-ministerial briefing on recent developments in West Asia was held in New Delhi.Senior officials from the Ministry of Petroleum and Natural Gas, the Ministry of External Affairs, the Ministry of Ports, Shipping and Waterways, and the Ministry of Information...

New Delhi, March 16 The BJP on Monday accused the Congress and the Samajwadi Party (SP) of spreading "lies" about the availability of domestic LPG cylinders, alleging that the opposition is attempting to create panic for "political and commercial" gains.BJP spokesperson Shehzad Poonawalla said...

New Delhi, March 16 Crude oil prices rose by ₹119 to ₹9,171 per barrel in futures trading on Monday as escalating tensions in West Asia kept supply risks in focus, even as the US explored ways to restore shipping around the Strait of Hormuz.On the Multi Commodity Exchange (MCX), crude oil for...

Mumbai, March 16 The rupee remained weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties.Volatile sentiment in domestic equity markets further dragged the...

The International Energy Agency (IEA) stated that its member countries would release large quantities of oil from emergency reserves to help lower global prices.In a statement, the agency said, "Countries in Asia and Oceania will begin releasing oil immediately, while reserves from Europe and...

Colombo, March 15 Sri Lanka implemented a fuel rationing system using QR codes on Sunday, in response to a potential crisis situation due to the ongoing conflict in the Middle East.Cars are allowed 15 liters per week, while buses are allowed 60 liters per week, according to the Ministry of...