Search For "oil"
US to release 172 million barrels of oil to stabilise markets as Middle Ea
Updated : 1 week, 2 days ago IST
The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it ha
Read More
Saudi military downs drones targeting Shaybah oil field in eastern region
Updated : 1 week, 2 days ago IST
Saudi Arabia intercepted multiple drones targeting the "Shaybah oil field" as regional tensions soar. Amid the conflict, Russia and Saudi Arabia "emphasised the need" for international efforts to prevent escalation. Meanwhile, the US warned Russia not to intervene, despite Trump and Putin di
Read More
"We're not finished yet": Trump on Iran strikes, says oil companies should
Updated : 1 week, 2 days ago IST
He said that Iran was paying a big price for inflicting 47 years' worth of damage to the world.
Read More
"International Energy Agency agreed to coordinate release of 400 million o
Updated : 1 week, 2 days ago IST
Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the
Read More
Japan hails IEA's decision to release 400mn barrels of oil
Updated : 1 week, 2 days 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.
Read More
Oman's Salalah oil facilities struck by drones: Report
Updated : 1 week, 2 days ago IST
Drones struck fuel tanks in the port, Oman TV reported. No damage to merchant vessels was reported, Ambrey said.
Read More
Domestic LPG production increases by 25 pc; focus on household consumers:
Updated : 1 week, 2 days 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.
Read More
IEA to release 400 million oil barrels to counter global energy supply dis
Updated : 1 week, 2 days ago IST
The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.
Read More
Taiwan: Price stabilization measures launched as oil prices surge
Updated : 1 week, 2 days ago IST
Taiwan will not sharply increase its gasoline and natural gas prices despite surging global oil prices triggered by the ongoing Middle East conflict that began with American and Israeli attacks on Iran, Focus Taiwan reported, citing officials.
Read More
Oil Marketing Companies to ration LPG supplies amid West Asia conflict; Do
Updated : 1 week, 2 days 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
Read More
India's crude supply remains secure, gas companies have procured LNG carg
Updated : 1 week, 2 days ago IST
Sharma said two LNG cargos are on their way to India
Read More
Govt will ensure economy doesn't suffer from West Asia conflict: Kotak Mah
Updated : 1 week, 2 days ago IST
Amid rising geopolitical tensions in West Asia and concerns over global crude oil supply, Kotak Mahindra Asset Management Company Managing Director Nilesh Shah said India is likely to manage the situation effectively, while urging citizens to avoid hoarding LPG cylinders.
Read More