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OIL MINISTRY
Russian strikes on Ukrainian cities kill at least 19 in major attack that Kyiv saw comingOvernight, Russian forces unleashed a wave of missiles and drones across Ukraine, leading to civilian losses, with a toll of at least 19 li...- Global Market: UK Gilt yields rise as oil, US Treasury yields weigh on bondsBritish 10-year gilt yields jumped 6 basis points to 5.44%, nearing a 19-year high, as rising oil prices and US Treasury yields fueled infl...
- 23 Indian seafarers reported safe after Ukrainian drone attack sets fire to oil tanker off Russian coastA Liberian-flagged oil tanker carrying an Indian crew caught fire off Russia's Black Sea coast following a Ukrainian drone attack, with all...
- Oil Price Today (October 7): Crude oil rises to $101, up 45% in 3 months. Two reasons behind Wednesday’s surgeBrent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barr...
- Oil prices rise as storms and air strikes threaten supplyAs a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending st...
- Ukraine drone attacks oil tanker off Russia’s Sochi with 23 Indians aboard, all rescuedUkraine struck an oil tanker off the southern Russian coast on Tuesday evening, triggering a huge fire and black smoke cloud that blanketed...
- High ATF prices put airline routes at risk as West Asia crisis raises costsIndian airlines have warned the civil aviation ministry that elevated ATF prices, longer flight paths, airspace restrictions, higher crew c...
- Govt may consider ATF price stabilisation fund for airlines amid soaring fuel costsAmid increasing jet fuel prices, the Indian government is exploring options to stabilize aviation turbine fuel costs. The discussions invol...
- Kyiv: Over 50% of Moscow's refining capacity taken outThe Defense Ministry said late Sunday that recent strikes on refineries in cities including Moscow, Yaroslavl, Ust-Luga, Perm, Saratov and ...
- Oil ministry plans centralised R&D mechanism to steer projects, funding in oil and gas sectorThe oil ministry aims to establish a centralised mechanism for research and development in the oil and gas sector. This approach will align...
- Rupee headed to 100? How much the psychological red line mattersIndia's rupee has slipped past ₹96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. Th...
- Yemen's government declares a major operation against the HouthisYemen's government has launched a military operation against the Iran-backed Houthi rebels near Taiz city. An Israeli airstrike in Gaza kil...
- Iran Oil Minister Mohsen Paknejad resigns: State mediaIran's Oil Minister Mohsen Paknejad has resigned, with NIOC chief Hamid Bovard set to serve as acting minister.
- Russia to intensify strikes on Ukraine after Zelenskiy interviewRussia has warned it will intensify strikes on Kyiv and other parts of Ukraine after Ukrainian President Volodymyr Zelenskiy vowed to step ...
- Deep-sea gas becomes costlier as government raises price ceilingThe government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October ...
- Russian crude to remain part of energy mix: Jaishankar to PanelAs traditional oil suppliers face challenges, India's significant reliance on Russia for crude oil came into focus. External Affairs Minist...
- India’s fuel demand splits in September as petrol, diesel rise and LPG fallsPetrol and diesel sales increased in September by 7.2% and 4.9% year-on-year, respectively. The rise in petrol consumption was supported by...
- Finance ministry sees Q2 FY27 GDP growth at 7.3%, flags trade, crude and AI risksThe finance ministry expects India’s real GDP to grow 7.3% in Q2 FY27, above the RBI’s 6.4% forecast, but warned that global uncertainties ...
- Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
- Godrej Industries Group, Malaysian delegation discuss cooperation in oil palm innovation and businessDiscussions covered areas of mutual interest across the Group’s businesses, particularly oil palm innovation and the household insecticides...
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