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GAS SUPPLY CURTAILMENTS
Middle East oil and gas output will take months to fully recoverA landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already cau...
PL Capital cuts Nifty target to 26,449, lists 16 high conviction stock picksAmidst global market turmoil from the Iran-US war and El Nino, PL Capital lowered its Nifty 50 target to 26,449. The brokerage anticipates ...
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...
India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demandIndia's refined fuel exports dropped significantly in May, reaching their lowest point since October 2022. Refinery maintenance, particular...
War shifts 80% of India's diesel exports to AfricaIndia's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change ...
Oman beats Qatar as India’s top LNG supplier as war disrupts Gulf gas flowsIn a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caus...
Three oil, LNG tankers exit Hormuz with transponders offTwo supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying c...
India races to secure fertilisers as crucial sowing season approaches amid war disruptionsIndia is seeking to boost its fertiliser reserves for the upcoming kharif sowing season by floating tenders for 1.7 million tonnes of urea ...
Iran war: Vessels carrying Middle East oil, LNG exit Hormuz, head for Pakistan, ChinaIran war news: An LNG tanker, Fuwairit, is exiting the Strait of Hormuz for Pakistan. A supertanker, Eagle Verona, carrying Iraqi crude for...
India can’t escape global oil shock; fuel prices hurting economy, says former BPCL execIndia's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director ...
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...
Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: ReportA prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, accor...
Trump says Xi agrees Iran must open strait, but no sign China will weigh inPresident Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway aft...
Oil prices rise as fragile US-Iran talks sustain supply worriesOil prices edged up in early Asian trade as fragile U.S.-Iran negotiations highlighted supply concerns, with Tehran's response revealing si...
Reliance cuts exports of alkylates, boosts LPG outputReliance Industries is increasing liquefied petroleum gas production. The company is reducing output of alkylates, a gasoline-blending comp...
19-kg commercial LPG cylinder price hiked by Rs 993; Delhi rate now at Rs 3,071.50The Iran war has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset ...
Government reviews households with dual LPG, PNG connectionsThe government is identifying households with both LPG and PNG connections. This move aims to stop dual ownership and prevent subsidy misus...