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OIL MINISTRY UPDATES
New rules from July 1, 2026: Aadhaar update, passport fees, LPG prices, credit cards, railways and other major changes explainedSeveral important financial and regulatory changes have come into effect from July 1, 2026, impacting taxpayers, Aadhaar holders, passport ...- Venezuelans search more earthquake ruins as attention turns to humanitarian crisisVenezuelans are desperately searching for survivors after powerful earthquakes, with hopes fading as days pass. The cash-strapped governmen...
- Oil falls to pre-war levels, no change in petrol and diesel prices in IndiaGlobal crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barr...
- 'All-time record, Strait totally open': Trump says 19 million barrels of oil exited Hormuz on MondayPresident Trump announced unprecedented maritime activity in the Strait of Hormuz following a new diplomatic understanding with Iran. He cl...
- New series debut: WPI at 9.7% in May; energy costs drive surge; revamped index expands basket to 957 itemsIndia's wholesale inflation hit a record 9.7 percent in May. This surge was primarily fueled by rising energy costs. The new Wholesale Pric...
- WPI inflation surges to all-time high of 9.7% under new seriesIndia's wholesale inflation hit a record 9.7% in May. This marks the first reading under a new Wholesale Price Index series. Fuel and power...
- 3 Indians missing after US strikes commercial vessel off Oman coast, New Delhi summons American diplomatThree Indian sailors are missing after a US military strike on the commercial vessel Settebello. The ship was attacked off Oman's coast. Tw...
- US says BYD, Baidu and Alibaba are aiding China's militaryAmerica has released a new list of Chinese companies it believes support Beijing's military. Major firms like Alibaba, Baidu, and BYD are i...
- Russia intercepts hundreds of Ukrainian drones near St. Petersburg International Economic ForumRussia said Saturday it intercepted hundreds of Ukrainian drones including near Saint Petersburg, where Moscow is hosting a major economic ...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- India's industrial output in April slows on year to 4.9% under new seriesIndia's industrial output for April reached 4.9% under a revised Index of Industrial Production (IIP) series with an updated base year of 2...
- What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentimentWhat is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the Un...
- Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil market reacts to US-Iran peace deal hopesWhy are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropp...
- US Secretary of State Marco Rubio en route to India for high-profile diplomatic visitUS Secretary of State Marco Rubio is arriving in India for a significant visit. He will engage in discussions on trade, energy security, an...
- India wants return of stranded ships before sending more to GulfIndia's priority is to bring back its ships stuck near the Strait of Hormuz. Only after these vessels are safe will India consider sending ...
- The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
- G7 finance chiefs seek to tackle imbalances as trade strains unityFinance ministers from the Group of Seven are meeting in Paris to discuss global economic tensions, trade imbalances and coordination on cr...
- At least 4 people killed in one of largest Ukrainian drone strikes on RussiaUkraine launched a major drone assault on Russia overnight. Several people died in attacks near Moscow, including in Khimki and Pogorelki. ...
- A tiny oil lifeline reopens through tense Hormuz after months of chokeholdMore oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil ha...
- India rejects reports of citizens’ evacuation from UAE through Fujairah portThe Ministry of External Affairs has debunked media reports claiming an evacuation plan for Indian nationals via Fujairah port amid Middle ...
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