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OIL PRODUCTION CRISIS
Govt extends customs duty waiver on import of key petrochemical products till July 15The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15....- Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...
- Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...
- Indo-Pacific, the new Gulf: Geopolitics joins petronomics to infuse the region with new energyThe Indo-Pacific region is becoming a central energy hub as the US shifts focus from West Asian oil due to ongoing regional tensions and fl...
- Hormuz oil transits continue though attacks make owners waryVessel traffic through the Strait of Hormuz saw a dip as some shipping companies expressed reduced confidence following weekend attacks on ...
- Why India stayed resilient through the Hormuz crisisIndia successfully navigated the Strait of Hormuz closure, ensuring energy security for its citizens. Despite a significant drop in West As...
- From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...
- Mann Ki Baat: PM Modi thanks citizens for supporting calls to curb gold purchases, adopt fuel-saving habits amid West Asia crisisPrime Minister Narendra Modi expressed gratitude to citizens for actively embracing his appeals during West Asia's crisis. He highlighted w...
- World MSME Day: Chemical industry seeks policy support to boost competitiveness amid global trade disruptionsIndian chemical industry leaders are urging a policy overhaul to boost competitiveness ahead of World MSME Day 2026. They highlight the nee...
- Government restores non-domestic LPG supplies to pre-crisis levelsIndia has restored non-domestic packed LPG supplies to their pre-crisis levels. This welcome development follows a significant improvement ...
- Iraq to consider all options if OPEC quota is not raised, has weighed exit, sources sayBaghdad is signaling a potential departure from OPEC if its oil production quota isn't substantially raised, a move that would further dest...
- Broader market winners! How investors found 15 multibaggers in a muted Nifty year?Despite a subdued Nifty, several Indian stocks have surged, becoming multibaggers for investors. This outperformance is attributed to resil...
- China's EV exports in May rise 50% on-year to reach record highChina’s exports of electric vehicles hit a record $9.2 billion in May, rising nearly 50% year-on-year, as global demand for cleaner transpo...
- Trump gets trapped between 'rockets and feathers', squirms for exitUS President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices...
- Iran makes 'major concessions', agrees to long-term nuclear inspections, claims TrumpUS President Donald Trump announced that Iran has agreed to the highest level of nuclear inspections indefinitely, ensuring "nuclear honest...
- India needs to diversify its sources of energy needs, says NITI vice-chairmanNITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores Ind...
- Core sector output slows to seven-month low of 0.5% in MayIndia's core sector growth hit a seven-month low of 0.5% in May, primarily due to a significant slump in energy-related industries. Petrole...
- His span was much wider than FedAlan Greenspan, the influential former Fed chair, guided US monetary policy for nearly two decades, overseeing an era of low inflation and ...
- Rupee rebounds, but risks aboundThe rupee has experienced a brief rebound fueled by optimism surrounding the potential reopening of the Hormuz Strait and a decrease in oil...
- How India can build a bigger oil buffer without straining the exchequerAs tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengt...
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