energy sector

Washington, April 2 – The United States has lifted sanctions on Venezuela's acting president, Delcy Rodriguez, according to an update posted on the website of the US Treasury Department.The US Treasury's Office of Foreign Assets Control announced on Wednesday (local time) that Rodriguez had...

Mumbai, April 1 US tariff orders are likely to moderate India Inc's credit profiles in the second half of FY26, and the West Asia conflict, especially its duration, will play a crucial role in determining how it pans out in the future, rating agencies said on Wednesday.Crisil Ratings, which...

New Delhi, April 1 India Ratings and Research (Ind-Ra) said on Wednesday that the corporate credit profile has remained strong for the fifth consecutive year in 2025-26, supported by domestic policy measures and favorable macroeconomic conditions.Disruptions related to tariffs were largely...

New Delhi, April 1 Civil Aviation Minister K Rammohan Naidu said on Wednesday that the decision by public sector oil marketing companies to implement a partial and staggered increase in jet fuel prices for domestic airlines will help protect passengers from sharp fare hikes.Aviation Turbine...

The 7th round of consultations between India and Algeria, held in Algiers on March 29th, was co-chaired by Dr. Neena Malhotra, Secretary (East) of the Ministry of External Affairs, and Lounes Magramane, Secretary General of the Ministry of Foreign Affairs of Algeria. Both sides expressed...

Vav-Tharad (Gujarat), March 31 Prime Minister Narendra Modi on Tuesday asserted that India’s push to expand renewable energy, transport, and public infrastructure is being realized on the ground.The Prime Minister made the statement while inaugurating and laying the foundation stones for...

New Delhi, March 31 The government has increased the administered price mechanism (APM) gas price for state-run producers Oil and Natural Gas Corporation and Oil India Limited to USD 7 per mmBtu, up from USD 6.75 per mmBtu, according to an official notification.This revision applies to gas...

Johannesburg, March 31 South African President Cyril Ramaphosa announced an ambitious initiative to attract investment of around USD 60 million over the next two years at the 6th edition of the annual South Africa Investment Conference in Johannesburg on Tuesday."Investment conferences such as...

The government has extended the National PNG Drive 2.0 until June 30, 2026, to maintain momentum in PNG expansion across the country. It has also directed city gas distribution entities to expedite the installation of domestic PNG connections. The Ministry of Petroleum and Natural Gas stated...

Washington, March 30 – US President Donald Trump warned on Monday that the United States could strike Iran’s key energy infrastructure if a deal is not reached soon and the Strait of Hormuz is not reopened, even as he said talks were making progress.Trump said the United States is in “serious...

Australia will halve its fuel excise tax until the end of June to help ease costs for households amid a surge in fuel prices caused by the conflict in the Middle East. Australian Prime Minister Anthony Albanese made the announcement today as the international benchmark for crude oil rose above...

Kathmandu, March 29 Nepal police arrested former energy minister and Nepali Congress leader Deepak Khadka on Sunday in connection with a money laundering case, local media reported.The Central Investigation Bureau (CIB) of Nepal Police took Khadka into custody on Sunday morning, according to...

In New Delhi, on March 29, the applicability of newly imposed export windfall taxes on diesel and ATF shipments from Reliance Industries' SEZ refinery remains a key uncertainty following India's fuel duty overhaul, with significant implications for refining margins and government revenues...

New Delhi, March 28 – Maharashtra Minister for Food, Civil Supplies and Consumer Protection Chhagan Bhujbal urged the Centre on Saturday to provide technical and financial support to expedite the expansion of the piped natural gas (PNG) network across the state.Bhujbal was speaking at a...

Islamabad, March 28 Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement (SLA) for the disbursement of approximately USD 1.2 billion under two separate arrangements.The two sides successfully concluded the third review of the Extended Fund Facility (EFF) and...

Chandigarh, March 27 The supply of petroleum products in Haryana remains smooth and uninterrupted, Chief Minister Nayab Singh Saini said on Friday.Participating in a virtual meeting with Prime Minister Narendra Modi, Saini said he had held meetings with petroleum companies to review the...

New Delhi, March 27 Quality Power Electrical Equipments announced on Friday that it has secured a ₹152 crore order to supply and integrate a battery energy storage system.The order was secured through its material step-down subsidiary, ENDOKS, the company said in a statement.The project is...

Jammu, March 27 The Jammu and Kashmir government on Friday said that the Union Territory possesses an estimated hydropower potential of about 18,000 MW, of which nearly 15,000 MW has been identified, and that it is on a fast track to triple its installed capacity to around 11,000 MW by 2035...

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, clarified today that the rumors of a lockdown in India are completely false, and that the government has no such proposal under consideration. In a social media post, Mr. Puri stated that, given the ongoing global situation, the...

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, stated today that the government has chosen to protect Indian citizens from the sharp increase in international crude prices, amidst the ongoing US-Israel-Iran conflict and disruptions in the Strait of Hormuz, by taking a...