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BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOC...- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
- Dry ice’s use, devised in India, pioneered culinary advancementsGases are vital for modern life. From cooling vaccines to preserving food, their impact is immense. An Indian doctor's early innovation wit...
- Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...
- India imports 55% of LPG from the US, 12% from Iran in MayIndia's LPG imports saw a significant shift in May. The United States became the largest supplier, providing over half of the country's nee...
- Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levelsIn May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have n...
- India may have found reliable trade route beyond Strait of Hormuz with Oman trade dealIndia's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ...
- India, Oman trade pact to come into force from June 1; Check what's insideIndia and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free acces...
- 'Hellfire' over Iran? US aircraft disables merchant vessel trying to reach Iranian portUS forces disabled a merchant vessel attempting to reach an Iranian port after it ignored over 20 warnings, highlighting a strict maritime ...
- Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilitiesPakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The ...
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeoverMan Industries (India) Ltd has completed the acquisition of a 100% stake in Saudi Arabia’s National Pipe Company for about USD 102 million ...
- LPG cylinder prices today: How much does domestic and commercial gas cost in Delhi, Mumbai, Bengaluru, Kolkata on May 21?LPG gas cylinder prices today: Domestic LPG cylinder prices remain stable across major Indian cities, offering relief to households despite...
- India working on Rs 40,000 crore subsea gas pipeline project to help mitigate risks brought to fore by Hormuz blockadeIndia subsea gas pipeline project: India is accelerating plans for a direct deep-sea gas pipeline from Oman, estimated at ₹40,000 crore, to...
- Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran warTwo ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks ...
- Pakistan extends countrywide austerity drive after US, Iran fail to strike dealPakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran c...
- Fuel price hike on the cards as India struggles to absorb soaring crude costsIndia is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily l...
- US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of HormuzU.S. forces disabled two Iranian oil tankers after exchanging fire in the Strait of Hormuz, while the UAE reported an Iranian missile and d...
- OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
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