Search For "oil market"
Brazil's Silveira rules out fuel shortages, slams market speculation
Updated : 2 days, 10 hours ago IST
Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.
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Japan hails IEA's decision to release 400mn barrels of oil
Updated : 3 days, 5 hours ago IST
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.
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Domestic LPG production increases by 25 pc; focus on household consumers:
Updated : 3 days, 6 hours ago IST
Domestic LPG production has increased by about 25 percent and the entire domestic LPG production is being directed towards household consumers, Ministry of Petroleum & Natural Gas said on Wednesday.
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Oil Marketing Companies to ration LPG supplies amid West Asia conflict; Do
Updated : 3 days, 9 hours ago IST
Due to the current West Asia geopolitical situation and blockade on LPG imports, available supplies are being carefully rationed to ensure wider coverage, with domestic households being the top priority. The three major state-run oil marketing companies (OMCs) have initiated a judicial distr
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"India responsible for stability in oil market," says US Envoy to India Se
Updated : 3 days, 15 hours ago IST
In a post on X, Gor wrote, "India has been a great partner in maintaining stable oil prices around the world. The United States recognizes ongoing purchases of Russian oil are a part of this effort. India is one of the largest consumers and refiners of oil and it is essential for the Unit
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Commercial LPG shortage hits hotels, restaurants; Govt prioritises domesti
Updated : 4 days, 4 hours ago IST
A commercial LPG shortage is affecting hotels and restaurants nationwide, with many forced to suspend operations. The government has formed a three-member committee to address grievances and prioritise domestic LPG supply.
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Oil marketing companies to talk with restaurant associations to understand
Updated : 4 days, 9 hours ago IST
The government has taken several steps to ramp up supply of domestic cooking gas in view of the conflict in West Asia and oil marketing companies will also talk to the various restaurant associations to understand their problems of LPG supply, sources said on Tuesday.
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Oil Marketing Companies take steps to enhance LPG production; Prioritising
Updated : 4 days, 12 hours ago IST
Indian Oil Corporation has initiated measures to enhance Liquefied Petroleum Gas (LPG) production and prioritise its availability for domestic consumers following geopolitical disruptions to global fuel supplies. In a statement on Tuesday, the corporation confirmed that the Ministry has t
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UBS flags margin risks for Indian OMCs as crude volatility intensifies ami
Updated : 5 days, 17 hours ago IST
A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical tensions in West Asia.
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Iran's absence in oil market likely to be offset by global oversupply: Car
Updated : 5 days, 20 hours ago IST
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.
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Indian Railways' electrification drive acts as a safeguard against oil sup
Updated : 1 week ago IST
Indian Railways has undertaken electrification of its network in mission mode over the last decade, significantly reducing its dependence on imported diesel. As a result, 99.4% of the Broad Gauge (BG) railway network has now been electrified, marking one of the largest infrastructure tran
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"Need to secure threats in Strait of Hormuz": French Air Force Maj Gen on
Updated : 1 week, 1 day ago IST
Deputy to the Chief of the Air and Space Force Staff in the French Air Force, Major General Dominique Tardif, on Friday stressed the need to address security threats in the Strait of Hormuz amid the ongoing West Asia conflict, saying international cooperation would be essential to tackle the
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