energy market

New Delhi, April 1 – ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil...

April 1, New Delhi: Oil prices edged up in early Wednesday trading, with Brent front-month futures extending a record rally from March, as volatility in the Middle East kept markets on edge, despite reports that the U.S. and Iran may be nearing a negotiated end to the conflict.Brent crude...

New Delhi, March 29 The National Stock Exchange (NSE) will introduce Dated Brent Crude Oil (Platts) futures from April 13, expanding its commodity derivatives offerings linked to global oil benchmarks.The contract, based on the S&P Global Energy (Platts) Dated Brent assessment, will be traded...

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...

Gandhinagar, March 23 – The Gujarat government stated on Monday that petrol and diesel stocks in the state remain adequate, dismissing rumors of a shortage and urging the public not to panic or hoard.Deputy Chief Minister Harsh Sanghavi said claims circulating on social media about a fuel...

Bangkok, March 23 – The Thai government has affirmed that the country maintains sufficient oil reserves to meet demand for up to 103 days, and it is implementing regulatory measures to enhance transparency in the market.Sarawut Kaewtatip, director-general of the Department of Energy Business...

New Delhi, March 19 As fresh attacks in West Asia triggered global concerns, India on Thursday said the attacks are "unacceptable and need to cease," even as Prime Minister Narendra Modi reached out to top leaders of Oman, Jordan, France, and Malaysia, emphasizing the urgency to restore peace in...

New Delhi, March 17 Godrej Enterprises Group is aiming for up to 20 per cent growth for its energy solutions business, having built a project pipeline of Rs 2,600 crore at the close of FY26, a top company official said on Tuesday.The company is closely monitoring developments related to the...

Washington, May 13 Amid rising oil prices, the Trump administration has announced a temporary authorization for other countries to purchase Russian oil currently stranded at sea, as there were no immediate signs of an early end to the US war on Iran.The US had granted a similar waiver from...

New Delhi, March 12 External Affairs Minister S Jaishankar spoke to his Indonesian counterpart, Sugiono, on Thursday as New Delhi intensifies diplomatic efforts to manage the fallout from the West Asia crisis.Amid escalating tensions between Iran and the US-Israel alliance, Jaishankar held a...

March 12, New Delhi — A Russian delegation led by President Vladimir Putin’s special envoy, Kirill Dmitriev, met with U.S. counterparts in Florida on Wednesday amid the escalating global energy crisis triggered by the Israel-U.S. war against Iran.The talks, part of the U.S.-Russia economic...

New Delhi, March 11 India is one of the largest consumers and refiners of crude oil, and it is essential for New Delhi and Washington to work "hand-in-hand" to ensure the stability of the energy market, US Ambassador Sergio Gor said on Wednesday.His conciliatory gesture came as the Congress...

Mumbai, March 10 Mahanagar Gas Ltd (MGL) clarified on Tuesday that it is not currently facing any reduction in gas availability, and the company continues to maintain normal supplies of compressed natural gas (CNG) and piped natural gas (PNG) across its operational areas.However, the company...

Jaipur, March 10 – Rajasthan Food and Civil Supplies Minister Sumit Godara stated on Tuesday that the global energy market has been affected due to international supply disruptions and the war-like conditions prevailing in the Gulf region.He said that crude oil prices in the international...

New York/Washington, March 9 The US has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to "alleviate" concerns about supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright has said.However, the move, he...

Washington, March 8 – US Energy Secretary Chris Wright said on Sunday that more than 100 million barrels of Russian crude are currently floating at sea, waiting to be delivered to China. He believes that redirecting this oil to other refineries could temporarily ease disruptions in the global...

New York/Washington, March 6 The US said on Friday that it is "allowing our friends in India" to take the Russian oil already on ships around southern Asia, refine it, and move the stocks into the market quickly to ensure a steady supply and ease pressure amid the West Asia conflict.Earlier...

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 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...

Global oil prices remained near seven-month highs yesterday, supported by rising geopolitical tensions between the United States and Iran, despite growing American crude inventories indicating concerns about oversupply. Brent crude futures were trading around $71 per barrel in London, up about...