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OIL PRODUCTION SHUTDOWN
Isaias strengthens into Category 2 hurricane; halts 63% of Gulf oil output, 1.3 mln barrels a day off marketHurricane Isaias is predicted to become a dangerous storm as it approaches the Gulf Coast. Preparations are underway, including evacuations...- PepsiCo, Monster, Reliance Consumer Product win reprieve on 'energy drink' label ban in IndiaThe regulator in June ordered makers of high-caffeine beverages sold as "energy drinks" to stop using the description, rejecting the indust...
- US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
- Vedanta Copper plans $2.3 billion capex, Tamil Nadu smelter restart back on agendaVedanta Copper announced plans to invest $2.3 billion over three to four years to increase its output. The company aims to produce 500,000 ...
- Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
- Oil Price Today (September 18): Crude oil falls below $104, down for third session. What are experts saying?Crude Oil Price Today : Markets largely looked past the latest threats to supply, even as Saudi Arabia and Yemen's Iran-backed Houthis exch...
- Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
- Saudi crown prince seeks Egypt's backing as Houthi attacks rattle Red Sea oil routesSaudi Arabia's Crown Prince met Egypt's President seeking support against Houthi rebel attacks. These attacks threaten vital shipping lanes...
- Oil falls as US crude inventories rise despite Saudi supply concernsOil prices fell sharply on Wednesday after a surprising increase in U.S. crude inventories. Compounding the situation, Saudi Arabia decided...
- Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blockedSaudi Arabia's oil exports face growing challenges after attacks closed a key pipeline. Iran and its allies have tightened their grip on vi...
- Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flowA Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea island...
- Crude pool drying up as Middle East conflict drags on, refiners waryIndian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflict...
- Saudi pipeline outage threatens loss of 4% of global oil supplySaudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for expo...
- From Maggi to Thums Up, India's food debate turns to what global brands sell hereIndia's proposal for food health warning labels ignites a national discussion. Companies sell less nutritious versions of brands in India c...
- Russia is one of the world's top oil producers, so why is it still importing petrol from IndiaRussia is rationing petrol domestically as Ukrainian drone strikes damage its oil refineries. The nation continues crude oil production whi...
- Bangladesh's gas crisis hits factories, homes and transportIn the face of an acute natural gas scarcity, Bangladesh is witnessing the shutdown of key fertiliser plants, impacting hundreds of factori...
- The buck stops somewhere else: A look at Trump's tendency to avoid blame when things go awryUS President Donald Trump has repeatedly blamed predecessors and others for economic, foreign-policy and domestic problems, drawing scrutin...
- Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...
- Reliance Industries shuts oil production facilities at an oil field in KG-D6Reliance Industries has shutdown production facilities at an oil field in its showpiece KG-D6 block off the Andhra coast for maintenance wi...
- Output from OIL's Assam fields falls due to refinery shutdownState-run Oil India today said it was forced to cut crude oil production at its fields in Assam after Numaligarh Refinery Ltd shut down pla...
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