Government sources have signalled an improvement in India's energy security, noting that the nation's stock levels are on an upward trajectory despite the volatility in West Asia.
Officials indicated that recent assessments have provided the administration with a much-needed cushion, statin
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
On Friday after Dhaka saw a fuel crisis at several gas stations with rush and chaos regarding fuel, the country's Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood said that Bangladesh has adequate fuel stocks and that the supply is normal, thus urging the public to not panic
"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.
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.
The bearish dominance returned to the Indian stock markets on Friday's opening session as both benchmark indices opened in the red, with rising crude oil prices continuing to influence investor sentiment.
As per the sources, Gas Authority of India Limited (GAIL) will declare force majeure to ensure gas supply to priority sectors, as India navigates energy challenges stemming from the escalating West Asia conflict.
After a continuous fall in the last three trading sessions, Indian share markets bounced back on Thursday from the oversold category and opened with gains, though volatility continues as overall investor sentiment remains weak due to geopolitical tensions in West Asia.
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
If the oil prices move higher it would be negative for Asian stocks, but if the ongoing conflict ends relatively quickly, any adverse impact on markets is likely to be short-lived, according to a report by Invesco.
The stock markets in the country tanked in the opening session on Monday as rising tensions and military escalations in the Middle East dented investor sentiment sharply.
The share markets in the country opened under pressure with a marginal decline on Friday amid weakness in global markets, while investors remained cautious ahead of the GDP data scheduled to be released later in the day.