A liquefied natural gas tanker from Abu Dhabi has exited the Strait of Hormuz. This marks an increase in energy shipments through the crucial passage. The vessel is heading to India. This comes as energy flows through Hormuz see a slight rise. The strait had been largely closed to LNG traffic since late February. This…
Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance on Gulf imports.
Maharashtra State Road Transport Corporation will implement a new fuel-saving initiative. The plan aims to reduce daily diesel consumption across all depots. Drivers will be trained and rewarded for efficient fuel use. Technical inspections and repairs will be prioritized. This campaign seeks to improve MSRTC’s financial health and conserve national resources.
India faces a dual threat from dangerously hot summers and increasingly sweltering nights, exacerbated by global warming and urban heat islands. This sustained heat strains both people and power infrastructure, leading to record energy demand and widespread blackouts, particularly impacting vulnerable populations.
Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs’ financial health with consumer impact. Global events continue to influence fuel costs.
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping enhance output from fields that account for about 72% of ONGC’s gas production and 60% of its oil output.
State-run oil marketing companies have increased petrol and diesel prices by about ₹2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around ₹7.5–8 per litre.
India and Japan are addressing disruptions in energy supply chains and maritime connectivity. External Affairs Minister S Jaishankar met his Japanese counterpart Toshimitsu Motegi. They discussed bilateral cooperation and global issues. Both nations are energy importing and big trading countries. Economic security is a key concern for both. They aim to advance industrial and technological…
Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global…