Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
Earnings of OMCs seen weak as Q1FY27 under-recoveries bite: ReportOil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LP...
Chennai Petroleum Corporation gets Navratna status, becomes 28th such CPSEChennai Petroleum Corporation Ltd (CPCL) has achieved Navratna status, a significant upgrade granting it greater financial and operational ...
'Start your engines'? Shippers wary on Hormuz reopeningShipping groups are hesitant to resume sailing through the Strait of Hormuz. An agreement between the US and Iran promises its reopening. H...
Govt hikes domestic LPG prices by Rs 29 per cylinderIndia imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, In...
India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...
100 days of Iran war: India must brace for broad-based economic shockIn a volatile turn of events, escalating strikes between Iran and Israel are sending shockwaves that may reach India’s economy. As the spec...
War will end when fighting stops in Lebanon as well: IranIn another development, a potential agreement between Washington and Tehran hinges on US President Donald Trump's administration agreeing t...
US DoJ drops charges against Adanis, othersUS authorities have dropped criminal charges against Gautam Adani and Adani Group executives. This follows a 19-month investigation. The co...
Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperationAdani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent vio...
Stocks in news: JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher MotorsIndian markets saw a volatile Monday, ending nearly flat due to global weakness and economic worries. Analysts suggest Nifty is consolidati...
Marshall Islands-flagged LPG tanker Symi arrives at Kandla Port after crossing Strait of HormuzThe arrival of the LPG shipment comes amid heightened international attention on maritime traffic through the Strait of Hormuz, a critical ...
Suezmax tanker with Iraqi crude reaches India after Hormuz transitAn Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital water...
Iran plans new Hormuz transit mechanism, says only cooperating nations will benefitIran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passa...
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 ...
India-bound LPG tanker MV Sunshine crossing Strait of Hormuz; Indian Navy, agencies provide all support: SourcesThe India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passa...
Iran-linked LPG tanker signals Indian ownership through HormuzAn LPG carrier, the Tara Gas, previously involved with Iranian cargoes, is transiting the Strait of Hormuz while declaring Indian crew and ...