Minister of Foreign Affairs of Japan Motegi Toshimitsu on Wednesday welcomed the decision made by the International Energy Agency (IEA) to implement a collective release totaling 400 million barrels of oil by the member countries, a statement by Japan's Foreign Minister said.
Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
Following the outbreak of hostilities in the Middle East and the evolving global energy situation, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, informed that "the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to
Larsen & Toubro's (L&T) Power Transmission & Distribution (PT&D) business has secured large grid infrastructure orders in the Middle East, strengthening its position in the region's energy sector, according to a press release by L&T.
The 49th edition of Middle East Energy, the region's largest energy exhibition, concluded at Dubai World Trade Centre under the patronage of the Ministry of Energy and Infrastructure.