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OIL SUPPLY AND DEMAND PROJECTIONS
IEA slashes oil demand forecast as prices surgeThe International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the...- White House weighs how to use Defense Production Act to expand US oil refining capacity, sources sayThe White House is exploring using the Defense Production Act to boost oil refining capacity. This consideration follows President Trump's ...
- Indradhanush Gas Grid clocks Rs 632 crore capex in FY26, project progress reaches 88.6%Indradhanush Gas Grid Limited incurred Rs 632 crore in capital expenditure during FY26, taking cumulative spending to Rs 6,878 crore, as ph...
- Oil prices set to end week over $100 for first time in nearly 4 monthsOil prices are inching closer to the $100 mark as shipping routes come under rising attack. The Houthi grip on Yemen's Mocha port poses ris...
- India ramps up domestic LPG production as renewed US-Iran attacks spark fresh fears over Strait of Hormuz suppliesIndia is increasing domestic cooking gas production to address supply gaps. Local refiners aim to add over ten percent to current output le...
- Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacksOil prices climbed over one hundred dollars per barrel on Thursday amid escalating attacks on shipping lanes. The surge was driven by fears...
- Oil surges 5%, Brent and US crude both over $100 on more tanker attacksOil prices jumped 5% to above $100 a barrel as escalating US-Iran fighting and attacks on tankers raised fears of wider supply disruptions....
- Bill Gates is betting on a power source buried 15,000 feet underground, the massive Google-backed geothermal project that could change how America gets electricityBill Gates is backing Fervo Energy's cutting-edge geothermal technology designed for clean energy production. This advanced process involve...
- In the year to September 2023, one Australian city used 6,790 litres of waste engine oil to build roads; it became a coating for stone used in road sealsIn the year leading up to September 2023, the City of Greater Geelong transformed thousands of litres of used motor oil into durable public...
- OPEC further lowers 2026 global oil demand growth forecastOPEC has lowered its 2026 oil demand growth forecast to 380,000 barrels daily. This marks the fifth consecutive downward revision for the p...
- Global Market: Blackstone acquires majority stake in South Korea logistics parkBlackstone has secured a dominant share in Sanha Logistics Park II, located in South Korea. This strategic acquisition reinforces Blackston...
- Brent holds above $100 as tanker attacks deepen supply fearOil prices are holding steady as Brent crude exceeds one hundred dollars per barrel. Traders are anticipating further supply interruptions ...
- A country without evenings: Cuba's blackouts pass 24 hours as Washington targets the firm that keeps its power plants runningThe United States has imposed new sanctions on Cuba, targeting key energy import companies. These measures aim to worsen the island's ongoi...
- Oil jumps $1 in early trade after Iran launches missiles at JordanOil prices surged dramatically following Iran's aggressive missile strikes on U.S. military targets, claimed by the Revolutionary Guards. J...
- State oil companies lose up to 35% bulk diesel salesState oil companies are grappling with substantial bulk diesel sales losses as numerous large customers pivot to retail pumps to evade soar...
- India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...
- Copper hits new peak of $14,533/metric ton. Can its reddish glow brighten even further?Copper prices hit a record high of $14,533 per metric ton as tight mine supply, a weaker dollar and structural demand from electrification,...
- LPG refill booking interval cut from 45 to 25 days, says Union MoS Suresh GopiThe Centre has reduced the booking interval for liquefied petroleum gas (LPG) refills from 45 days to 25 days, Union Minister of State for ...
- Crude oil rally nears $100: Will geopolitical risks push prices higher?Crude oil prices are nearing $100 per barrel, driven by escalating geopolitical tensions between the US and Iran. While physical supply rem...
- Inox Wind bags Rs 755-crore turnkey project from Indian Oil CorporationInox Wind announced securing a significant 100 MW wind energy turnkey order. This substantial project is valued at Rs 755 crore and comes f...
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