Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, welcomed the IEA's decision to release emergency oil stocks amid the prevailing supply disruptions, according to an official release.
According to the Chief Minister's Office, the meeting was called to review the rumours regarding the disruption in the Liquid Petroleum Gas (LPG) supply and asserted that adequate stock is available in the national capital.
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.
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
The domestic stock markets opened with modest gains on Wednesday as easing crude oil prices supported investor sentiment, even as geopolitical tensions in the Middle East continued to remain in focus.
Andhra Pradesh Civil Supplies Minister Nadendla Manohar clarified that there is no shortage of LPG gas in the state and people need not panic unnecessarily.
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
Pakistani security forces reportedly conducted raids across Balochistan's Surab, Gwadar, and Turbat districts, leading to allegations of property damage and civilian mistreatment. Locals and the Baloch Yakjehti Committee claimed authorities destroyed homes and fuel stocks, severely impacting
The MP said, "Long queues can be seen for LPG and petrol in Ranchi, and the public is troubled, thinking what will happen in future", noting that despite government assurances of adequate stocks, "there is no guarantee when the conflict will stop. The government should clarify its foreign
As the military escalation in the Middle East enters into second week Samajwadi Party (SP) MP Neeraj Maurya on Tuesday called on the government to address the alleged shortage of fuel supply on a war-footing basis.
The share markets in the country opened with a bloodbath on Monday as both benchmark indices declined sharply in the opening session amid a huge surge in crude oil prices and heavy selling across global markets.