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OIL SUPPLY GLUT
Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMGIndia's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuatin...- An LNG glut is on its wayThe closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimat...
- Global clean-energy manufacturing supply far exceeds demandGlobal clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupp...
- Rs 10.9 lakh crore burden: Iran shock can take a load off India's backRising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...
- The Ukraine war is changing. European allies' strategy must change tooUkraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...
- Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
- US stocks: American Airlines dims 2026 forecast as high fuel costs hurt marginsAmerican Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven...
- India craves a sweet fix for crude addiction. Can it work?India is rapidly expanding its use of ethanol, a sugar-based fuel. This strategy aims to cut reliance on imported crude oil and boost farme...
- Cheap batteries are taking over the world’s power gridsThis boom, led by China's manufacturing prowess, is making batteries a crucial tool for grid resilience and a cost-effective alternative to...
- Charting the global economy: War fuels inflation, saps sentimentSurging fuel costs from the Iran war are driving a rapid increase in global inflation and a significant drop in consumer confidence.
- Keep calm and carry on hopingAs global energy markets struggle to regain stability, the impacts of disruptions in the Hormuz Strait and shifting production levels are c...
- Stoves to cars: India expands ethanol use amid West Asia warIndia has a massive surplus of ethanol, pushing policymakers and industry to find new uses. Ethanol-powered cooking stoves are being tested...
- Oil steadies as market digests OPEC+ output plansOil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply...
- Oil falls to $30 as supply glut counters lockdown easingsWest Texas Intermediate (WTI) crude fell $1.20, or 4.6 per cent, to $23.36.
- Oil rises further above $26 as Opec+ begins record cutsUS crude for June added $1.18, or 6.3 per cent, to reach $20.02.
- Local fuel rates set to fall further as global crude slips below $63Petrol is cheaper by Rs 6.45 a litre and diesel by Rs 4.42 a litre since October 17 when the current price decline trend started.
- Opec maintains status quo on oil production after members fail to reach consensusThe meeting didn’t produce a supply accord but did reach consensus on appointing Nigeria’s candidate as new secretary-general, Sudirman Sai...
- Bullish bets on oil lowest since 2013 as US stockpiles swellSpeculators cut bullish oil wagers to the lowest level in over two years amid warnings that the US supply glut may soon strain storage capa...
- Crude oil: A tale of two crashesWhile decline in demand was the key driver for the 2008 crash, the sharp drop in prices this time around are being caused by a supply glut.
- Oil prices at a 13-month low; slips to $102 per barrelThe International Energy Agency (IEA) believes that supply glut is shielding the market from price disruptions.
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