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STRATEGIC PETROLEUM RESERVE
Govt approves Rs 4,687 crore interest subsidy for ethanol projectsThe government has approved ₹4,687 crore in interest subsidies for eligible ethanol projects. This support covers interest subvention for n...- ONGC to reserve half of new oil storage for strategic reservesIndia's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleu...
- View: Malvinas, the strength of a just cause"2 April and 10 June mark defining moments in our national memory. However, the responsibility to safeguard our sovereign rights transcends...
- 2,557 Indians evacuated from Iran via Armenia, Azerbaijan amid West Asia conflict: MoS Kirti Vardhan SinghOver 2,500 Indian nationals were evacuated from Iran through neighboring countries. The Indian Embassy in Tehran facilitated their safe cro...
- US stocks: US market ends mixed as investors focus on tech earningsWall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace ta...
- Drones attack Iran's neighbours as Tehran appears to test Trump's latest pauseSaudi Arabia, Jordan, and Iraq reported drone attacks on Monday. Iran-backed militias launched drones from Iraq targeting Saudi petroleum s...
- Over 2,000 years ago, ancient Chinese miners invented deep percussion drilling to extract salt, creating downhole engineering innovations that modern energy industries still depend on todayOver 2,000 years ago, ancient Chinese miners faced a crisis. They desperately needed salt to preserve food. But rich brine sat hundreds of ...
- India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP modelIndia plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new f...
- Why oil prices haven't gone crazy despite 5 months of US-Iran warOil prices stayed below predictions despite the US and Iran conflict. China's reduced oil imports significantly impacted global demand for ...
- China's oil imports have plunged during the Iran war. How much will they recover?China's oil imports have significantly decreased since April. This reduction has kept global prices stable and freed up supply. Analysts ar...
- Iran overplaying its hand on Hormuz? A new game has just begun in West Asia oil sceneAs nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is r...
- ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...
- Strategic oil reserve buying set to support crude demand through 2028To enhance energy security and stabilize market prices, various governments plan to acquire millions of oil barrels up to 2028. This approa...
- Global oil market weathers Iran war shock, but reserve depletion raises future price risksThe global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts ...
- Govt plans LNG buffer mandate for terminalsIndia is weighing a plan to fund emergency liquefied natural gas stockpiles. This initiative aims to bolster supply security after recent g...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- Energy-hungry Asia is already drawing lessons from Iran crisisAsia is learning crucial lessons from the recent Persian Gulf conflict, emphasizing the need for larger energy reserves and a wider array o...
- India, Japan agree on crude oil stockpiling & reserve systemsIndia and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to...
- Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude pricesFuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil c...
- Crude inventory nears 1-year high on stronger importsIndia's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a signific...
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