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MINISTRY OF OIL
Iran deal includes $300 billion fund, more than half of which already committed, source saysA significant $300 billion private investment fund is part of a U.S.-Iran framework agreement. More than half of this amount is already com...- New series debut: WPI at 9.7% in May; energy costs drive surge; revamped index expands basket to 957 itemsIndia's wholesale inflation hit a record 9.7 percent in May. This surge was primarily fueled by rising energy costs. The new Wholesale Pric...
- India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blowIndia's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabil...
- WPI inflation surges to all-time high of 9.7% under new seriesIndia's wholesale inflation hit a record 9.7% in May. This marks the first reading under a new Wholesale Price Index series. Fuel and power...
- Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset releaseUS-Iran war: Tehran and the United States are in talks over a draft memorandum. This agreement could lead to the immediate reopening of the...
- British forces intercept Russian shadow fleet oil tanker attempting to cross English ChannelBritish armed forces intercepted the Russian oil tanker SMYRTOS in the English Channel, boarding the vessel with Royal Marines and NCA offi...
- Fuel prices to be reviewed based on crude oil supply, says Union Minister Suresh GopiUnion Minister of State for Petroleum and Natural Gas Suresh Gopi said the government will review fuel prices based on the availability of ...
- India eyes global bio-energy leadership with unified push on capital, missions and SAF exportsIndia is poised to become a major bio-energy exporter and bolster its energy security. Industry leaders at the India Bio-Energy Conference ...
- Seven Naga groups oppose Centre-Assam-Nagaland energy deal before settlement of issuesNaga groups are opposing a new energy exploration deal between the Centre, Assam, and Nagaland. They argue that natural resource ownership ...
- Blending of E20+ petrol exempt from excise dutyThe government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced e...
- India waives excise duty on petrol with higher ethanolIndia's government is giving consumers a break by waiving excise duty on petrol. This move is tied to the increased use of ethanol blended ...
- US military confirms attack on third Indian-crewed tanker off Gulf of OmanUS forces disabled a third oil tanker in the Gulf of Oman. The ship was attempting to transport oil from Iran. US aircraft fired missiles i...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- Pakistan says engaged in US-Iran mediation despite escalation, calls for negotiated settlementPakistan's foreign ministry stated on Thursday that leaders are actively mediating to end the US-Iran war. Despite recent hostilities, Paki...
- Three missing Indian seafarers dead after US strike on tanker in Gulf of OmanThree Indian seafarers have died following a U.S. military strike on a tanker in the Gulf of Oman. The U.S. stated the vessel failed to fol...
- 3 Indians missing after US strikes commercial vessel off Oman coast, New Delhi summons American diplomatThree Indian sailors are missing after a US military strike on the commercial vessel Settebello. The ship was attacked off Oman's coast. Tw...
- India summons US diplomat over ship strike off near OmanIndia has lodged a strong protest with the US. A US military strike off Oman's coast targeted a merchant vessel. Three Indian crew members ...
- Oil tanker catches fire near Oman; 24 Indian seafarers safeAn empty oil tanker, MT Marivex, caught fire near Oman on Monday. All 24 Indian seafarers on board are safe. The vessel was outside the Str...
- Shipping Ministry confirms attack on vessel carrying 24 Indian seafarers south of the Strait of HormuzA fire erupted on the oil tanker MT Marivex, located south of the Strait of Hormuz, with all 24 Indian seafarers aboard reported safe. Indi...
- India says fire reported on oil tanker with 24 Indian sailors, all crew safeA fire broke out on the oil tanker Marivex off the coast of Oman, with 24 Indian sailors on board. All sailors are reported safe, and autho...
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