energy market

New Delhi, April 10 Crude oil prices rose by Rs 356 to Rs 9,289 per barrel in futures trading on Friday, as participants increased their positions following strong spot demand.On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 356 or 3.99 per cent at Rs 9,289 per...

Global crude oil prices experienced a significant drop today following a ceasefire between the United States and Iran, which includes a commitment to resume navigation through the Strait of Hormuz. Brent crude was trading at almost 15.1% lower at $92.79 per barrel, while West Texas Intermediate...

April 06, New Delhi: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have agreed to implement a production adjustment of 206,000 barrels per day.The eight OPEC+ members, who had announced voluntary additional cuts in April, met virtually on Sunday to review...

April 03, New Delhi: Global oil markets are experiencing intense price fluctuations due to the ongoing conflict in the Middle East. Brent crude, the international benchmark, rose by 7.8% to $109.03 per barrel, briefly exceeding the $111 mark.Meanwhile, WTI crude oil futures for near-term...

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...