Pakistan hikes petroleum levy on petrol, diesel; keeps retail prices unchangedPakistan's government has increased the petroleum levy on petrol and diesel, keeping retail prices steady despite falling international oil...
28 Jun, 2026, 09.42 AM IST
Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
28 Jun, 2026, 08.58 AM IST
Middlemen offer Iranian oil to Indian refiners after US waiver, traders sayMiddlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions wai...
26 Jun, 2026, 04.49 PM IST
Building resilient supply chains through an India-Chile partnershipChile, a major global player in critical minerals like copper and lithium, presents a compelling strategic alliance opportunity for India. ...
25 Jun, 2026, 11.23 PM IST
Brent crude hits lowest since before start of Mideast war as more tankers exit HormuzGlobal oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interi...
24 Jun, 2026, 09.34 PM IST
Karnataka HC directs OMCs to honour ethanol offtake pactState-run oil companies must honor their ethanol offtake agreements, a high court ruled, offering a significant boost to dedicated ethanol ...
23 Jun, 2026, 04.36 PM IST
No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sourcesIndian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship ...
23 Jun, 2026, 11.50 AM IST
Railways showed the way. What should India electrify next?If railway electrification was one of the defining infrastructure decisions of the twentieth century, the electrification and redesign of I...
23 Jun, 2026, 09.47 AM IST
Oil gains after selloff, awaits progress on Strait of Hormuz flowsOil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Ira...
23 Jun, 2026, 06.09 AM IST
Iran war triggers global race to build oil reservesVulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...
22 Jun, 2026, 11.47 AM IST
How India can build a bigger oil buffer without straining the exchequerAs tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengt...
21 Jun, 2026, 11.07 PM IST
Earnings of OMCs seen weak as Q1FY27 under-recoveries bite: ReportOil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LP...
21 Jun, 2026, 10.53 AM IST
India’s trade strategy: Moving beyond FTAsCurrently, India’s FTA utilisation rate hovers around 25% compared to 70-80% in developed economies.
19 Jun, 2026, 10.04 AM IST
Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at MangaluruIndia plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mang...
19 Jun, 2026, 09.24 AM IST
India may take a leaf from China's book for oil poolIndia may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims...
17 Jun, 2026, 05.30 AM IST
US emergency oil stockpile plunges to lowest level since Reagan era amid West Asia warAmerica's emergency oil reserve has fallen to its lowest point since 1983. This significant drop follows extensive releases to manage econo...
16 Jun, 2026, 08.52 AM IST
India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrelsIndia and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked c...
11 Jun, 2026, 12.07 AM IST