Shubhangi Mathur

Iran's Red Sea threat likely to deepen energy supply risks for India

A closure of the Bab el-Mandeb Strait could disrupt Saudi crude shipments, forcing India to rely more on alternative suppliers and increasing risks to LPG supplies

India at risk of 100% US tariff for purchases of Russian crude oil

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

In dire straits, again: Iran attacks deepen Hormuz shipping crisis

On Monday night, Iran hit two oil tankers from the United Arab Emirates with cruise missiles, killing an Indian crew member

Energy diversification cushions India against Strait of Hormuz turmoil

Despite the 14-point memorandum of understanding signed between the US and Iran on June 18 to end conflict, carriers have preferred to use land routes from ports east of the Strait of Hormuz: Experts

India better prepared to handle Strait of Hormuz disruption this time

India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise

Centre rules out reversal of ethanol push, citing huge investments

The government cited logistical challenges and investments in ethanol infrastructure while acknowledging that E20 fuel delivers 3-5 per cent lower mileage than conventional petrol

ONGC to build 1.75 MT strategic petroleum reserve at Mangalore

ONGC has approved a 1.75 MT strategic petroleum reserve in Mangaluru, expanding India's emergency oil storage capacity amid heightened global supply risks

India's energy supplies secure against instant risks from US-Iran tensions

Officials say India has adequate crude oil, LNG and LPG inventories to withstand any near-term supply disruption even as renewed US-Iran tensions push up crude prices

IGX benchmark gas price jumps 49% in April amid West Asia crisis

The Indian Gas Exchange's benchmark gas price index rose sharply in April as supply constraints linked to the West Asia crisis pushed up prices despite a surge in traded volumes

PM Modi to launch ₹1 trillion projects in Rajasthan, Gujarat on Saturday

Prime Minister Narendra Modi will inaugurate a refinery-cum-petrochemical complex, a semiconductor facility and other projects worth about ₹1.06 lakh crore during his visit to Rajasthan and Gujarat

War-hit balance sheets: State-run OMCs' underrecoveries hit ₹2.19 trillion

High crude oil prices pushed state-run oil retailers into massive under-recoveries despite fuel price hikes, while LPG sales continued to remain loss-making, Petroleum Minister Hardeep Singh Puri said

Fuel sales jumped in June despite price hikes, shows PPAC data

Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia

Russian crude oil imports reach record high in June as discounts widen

Russian crude imports rose to a record 2.58 million barrels a day in June as discounts widened and refiners diversified sourcing amid supply constraints from West Asia

BPCL signs pact to acquire full control of Brazilian upstream oil venture

The state-run oil marketer will acquire Videocon Energy Brazil's stake in IBV Brazil Petroleo, making the upstream company a wholly owned subsidiary of its overseas arm

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

Govt to lift curbs on petrol, diesel sales to commercial buyers from July 1

On June 12, the government had prohibited industrial and commercial consumers from purchasing petrol and diesel from retail outlets, directing them to source fuel from designated consumer pumps

MGL urges residents in gasified societies to apply for PNG connections

Mahanagar Gas says LPG supplies to housing societies with operational PNG infrastructure will stop after 90 days, urging residents to apply for piped gas connections

Govt relaxes LPG distribution curbs for industrial users as Hormuz reopens

The Centre has restored non-domestic LPG supplies to pre-conflict levels and partially resumed bulk LPG allocations as energy supplies improve following the reopening of the Strait of Hormuz

India must diversify energy routes, not just suppliers: S&P Global Energy

India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz

Govt dismisses claims on ethanol-blended petrol as misleading, baseless

Petroleum ministry says social media posts on ethanol-blended fuel are misleading and reiterates that higher blending levels follow stringent testing and evaluation