Search For "crude oil"
India's 250 million barrel buffer and supply diversification ensure fuel s
Updated : 1 week, 2 days ago IST
India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report. This stockpile provides seven to eight weeks of coverage across the full supply chain,
Read More
MRPL denies rumours of refinery shutdown amid West Asia conflict; confirms
Updated : 1 week, 2 days ago IST
Mangalore Refinery and Petrochemicals Limited (MRPL) has officially denied reports circulating on social media regarding a partial shutdown of its facilities, asserting that its operations remain fully functional despite speculation of feedstock shortages. The state-controlled refiner issued
Read More
Prolonged West Asia conflict could slow down India's growth: SBI Research
Updated : 1 week, 2 days ago IST
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
Read More
Oil could hit $120 if West Asia conflict drags on: Infomerics Chief Econom
Updated : 1 week, 2 days ago IST
Global crude oil prices could climb to around USD 120 per barrel if the conflict in West Asia continues for a prolonged period, said Manoranjan Sharma, Chief Economist at Infomerics Ratings, warning that an extended geopolitical crisis could significantly disrupt global economic calculations
Read More
Oil prices cross $90/barrel on indications West Asia conflict may get prol
Updated : 1 week, 2 days ago IST
Crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that could disrupt global energy supplies.
Read More
"India's respect growing globally": Maharashtra Dy CM Eknath Shinde hits b
Updated : 1 week, 2 days ago IST
Shinde asserted that Prime Minister Narendra Modi is steering the country toward becoming a global "economic superpower".
Read More
'Permitted India to accept Russian oil to ease temporary gap of oil around
Updated : 1 week, 2 days ago IST
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
Read More
West Asia conflict may have deeper economic impact on India than expected:
Updated : 1 week, 2 days ago IST
The report noted, "If the crisis persists, it could have material implications for the exchange rate and the current account deficit and could stoke inflationary pressures."
Read More
"Reports of petrol, diesel shortage baseless": IndianOil urges citizens no
Updated : 1 week, 2 days ago IST
"Reports on social media suggesting a shortage of petrol and diesel are baseless. India has sufficient fuel stocks, and supply and distribution networks are functioning normally," IndianOil said.
Read More
Direct impact of 10% increase in oil prices estimated to be around almost
Updated : 1 week, 2 days ago IST
A 10 per cent increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation wh
Read More
Indian stocks close week's trading in red amid West Asia conflict; Sensex
Updated : 1 week, 2 days ago IST
After a rebound the previous session, Indian stock indices traded again in the red on Friday, ending the week on a weak note amid tensions in West Asia.
Read More
India in "very comfortable position" on Oil, LPG supplies despite Hormuz c
Updated : 1 week, 2 days ago IST
India is in a "very comfortable position" regarding crude oil, petroleum products and LPG supplies despite concerns over disruptions through the Strait of Hormuz, government sources said on Friday.
Read More