The government has said it is not considering any proposal to raise petrol or diesel prices from May 1, according to a petroleum ministry official. The clarification comes amid speculation of an imminent fuel price hike after key state elections, which has led to panic buying and long queues at fuel stations in some areas.
India is poised to increase its reliance on West Asian oil suppliers like Saudi Arabia, the UAE, and Iraq, as the US intensifies pressure on Russian crude imports. This shift comes as discounts on Russian oil narrow and the US imposes higher tariffs. While Russian oil imports will continue, India aims to diversify its sources…
Liquefied natural gas tankers are approaching the Strait of Hormuz, potentially resuming vital fuel flows after Iran declared the strait open. This follows a period of effective closure that impacted global LNG supplies and prices. The situation remains uncertain as conflicting statements from Iran and the US persist, with insurance responses also a key factor.
An Iraqi crude oil tanker is heading towards India after navigating the Strait of Hormuz. Commercial ship movements through the vital waterway are still low. This comes as the conflict enters its twelfth week. Iran has not eased its blockade of Hormuz. The tanker Karolos was seen sailing away from the strait. Vessel tracking data…
India Ratings and Research (Ind-Ra) projects coal-based power will remain crucial for base load management in the medium term, despite strong renewable capacity additions. Thermal capacity additions are expected to accelerate in FY26, driven by demand expectations. Ind-Ra maintains a stable outlook for thermal, solar, and wind power projects, citing healthy performance and payment trends.
External Affairs Minister S Jaishankar defended India’s energy ties with Russia, asserting that oil purchases serve both national and global interests by stabilizing prices. He emphasized India’s independent decision-making amid ongoing trade discussions with the United States, highlighting the commitment to protect the interests of farmers and small businesses.
India’s glass industry faces severe production disruptions due to Middle East conflict-induced energy shortages. Gas diversions to households have crippled factories, leading to output cuts and price hikes across various sectors. Manufacturers anticipate prolonged impacts, affecting everything from beverages to pharmaceuticals.
The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as a fortress against global energy…
Russian crude oil shipments to India are projected to reach a three-year low in December, with deliveries anticipated around 1.1 million barrels daily. This dip follows increased US scrutiny on energy trade, impacting buyer confidence. However, a rebound is expected early next year as Reliance Industries resumes purchases, potentially boosting volumes.