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PETROLEUM SUPPLY
Mind the diesel retail-bulk gapHigh global diesel prices are impacting government-owned refiners who maintain frozen retail prices for domestic customers. Private refiner...- US crude oil output rose in July, while petroleum demand declined, EIA saysIn July, US crude oil production climbed to 13.95 million barrels per day, up from June’s figures. Despite the production surge, the demand...
- 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...
- US strategic petroleum reserve falls to 44-year low: Why the oil stockpile is down to 283.8 million barrelsThe U.S. Strategic Petroleum Reserve has reached its lowest level since 1982 after sustained withdrawals. Crude oil stocks dropped to 283.8...
- Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: ReportJio-bp and Nayara Energy have capped diesel purchases at their petrol pumps as industrial and bulk buyers shift to cheaper retail fuel, wid...
- India needs to strengthen domestic oil exploration, official saysIndia is urged to strengthen its domestic oil exploration capabilities to improve energy security as global tensions rise. Oil India Limite...
- India has ‘insulated' itself from the 'turbulence' of crude supply shock: Hardeep Singh PuriUnion minister Hardeep Singh Puri said India has so far insulated itself from crude oil and natural gas supply disruptions caused by the We...
- From Hormuz to Saudi to US sanctions, world feels the oil heatThe war in West Asia has caused significant disruptions to global oil supplies and prices. Saudi Arabia faces challenges with pipeline clos...
- Foreign Secy Vikram Misri meets US Congressional delegation, discusses Russia Sanctions Bill and strategic tiesForeign Secretary Vikram Misri recently met a bipartisan US Congressional delegation led by Representative Brian Mast. Discussions included...
- The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not t...
- China, US agree to $30 billion tariff cut, AI dialogue during Xi visitRecently, China and the US have come together to hammer out a deal where both countries will cut tariffs by $30 billion. This agreement, pa...
- India seeks 2027 LPG imports from US via term tender, document showsIn a strategic move, Indian state-owned companies are set to import 2.75 million metric tons of liquefied petroleum gas, planning to acquir...
- LPG customer base dips after a decadeIndia's LPG customer base had been expanding steadily, with the adoption of cooking gas accelerating over the past decade. The active LPG c...
- Aadhaar authentication for LPG subsidy: Will your gas supply be stopped if you fail to authenticate UID before October 1, 2026?From October 1, 2026, all domestic LPG consumers will need to undergo Biometric Aadhaar Authentication to access subsidies. This process is...
- 50 litres per customer: Private pumps ration diesel as oil shock deepensPrivate fuel retailers have started limiting diesel sales at their pumps due to rising crude prices. Several Jio-BP outlets have imposed ca...
- India ramps up LPG output as festival season beginsIndia’s state-owned refiners have raised domestic LPG production to around 44,000 tonnes a day as festive-season demand rises and renewed c...
- US diesel futures fall on report of export ban plan; White House calls it fake newsUS diesel futures fell significantly following reports of a potential 90-day export ban. President Donald Trump expressed his support for t...
- Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
- Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
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