Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald Trump has indicated that a deal is not imminent. The conflict began in February, with a ceasefire observed since April. Mediators are working towards a settlement amidst…
Shipowners are showing increased optimism for traffic through the Strait of Hormuz, with US forces providing navigational advice to vessels. Recent transits, some with satellite transponders off, suggest a potential boost in trade flow. This comes amid hopes for a broader reopening of shipping routes tied to a potential US-Iran deal.
Himachal Pradesh’s Revenue Minister Jagat Singh Negi announced that the 450 MW Shongtong hydroelectric project in Kinnaur district is nearly 60% complete and is expected to be finished by December 2026. Negi also instructed officials to register government properties, especially PWD roads existing for over 20 years, in revenue records by August 1, 2025, ensuring…
India’s Nayara Energy significantly boosted fuel exports in November. The refiner shipped double the previous month’s volume to new markets like the Bahamas and Taiwan. Nearly a third of these exports went through ship-to-ship transfer hubs, a common practice to obscure final destinations. This surge follows EU sanctions, with Nayara now relying heavily on Russian…
India’s economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation’s heavy reliance on imports for oil and other key commodities exacerbates these economic pressures.
Andhra Pradesh records the highest petrol and diesel prices due to its elevated VAT, while Andaman & Nicobar Islands offer the lowest fuel costs. This disparity arises from varying state VAT rates and freight charges, as highlighted by the Minister of State for Petroleum and Natural Gas.
India is boosting electricity supply for summer. Maintenance shutdowns at thermal power plants are postponed. This adds 10,000 MW of power. Imported coal plants are running at full capacity. Coal stocks are maintained. India’s electricity system remains strong. Installed capacity exceeds 531 GW. Over 22,000 MW will be added in three months.
Gurdeep Singh will continue as Chairman and Managing Director of NTPC. His tenure gets a one-year extension. The extension is effective from August 1, 2025, till July 31, 2026. The Appointments Committee of the Cabinet approved the proposal. Earlier, PESB found no suitable candidates for the CMD post. NTPC is India’s largest power producer under…
In the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high crude prices, economic slowdowns, and geopolitical unrest in the Middle East. However, the company is positioning itself to seize a long-term opportunity in the energy and materials sectors.
India’s Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, took to his social media on Wednesday, highlighting the transformative impact of India’s clean cooking initiatives, emphasizing that the true success of the program lies in the regular usage of Liquefied Petroleum Gas (LPG) rather than just the number of connections provided.