Page 2 - Shubhangi Mathur

Indian-flagged vessel sinks off Oman coast after attack; crew members safe

India termed the attack on its vessel in the Gulf of Oman "unacceptable" after the ship caught fire and sank, while all 14 crew members were rescued safely

Oil India Q4 results: Profit jumps 62% to ₹2,424 crore, revenue rises 4%

State-run upstream company reports higher crude oil production, record drilling activity and improved profitability during FY26

IEA warns oil market deficit may persist through 2026 amid Gulf conflict

International Energy Agency says Gulf conflict and restrictions through the Strait of Hormuz have triggered unprecedented oil supply losses and tightened global markets

HPCL Q4 results: Net profit jumps 78% to ₹6,065 crore on strong GRMs

State-run oil marketing company reports higher refining margins and recommends a final dividend of Rs 19.25 per equity share for FY26

West Asia crisis a 'live balance of payments stress test': CEA Nageswaran

OMCs losing ₹1K cr a day, says Puri; doesn't rule out fuel price hike

West Asia conflict: Govt may rework strategic oil and gas reserves

Amid the West Asia crisis, the government is considering expanding India's crude oil, gas and LPG reserves to strengthen long-term energy security

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

India maintains 60-day crude stock; no fuel rationing planned: Oil Secy

India has maintained adequate crude oil, petroleum product and LPG reserves despite global supply disruptions, Oil Secretary Neeraj Mittal said

Govt assures adequate fuel stock amid PM Modi's energy conservation push

The government said India has adequate fuel supplies and stable prices despite rising global energy costs and mounting losses for oil marketing companies

Losses pile up, oil marketing companies may hike retail prices of fuel

State-run oil firms face mounting under-recoveries as crude prices remain above $100 per barrel amid the US-Iran conflict and Strait of Hormuz disruptions

Under-recovery of ₹30K crore per month on LPG and fuel sales: Govt

State-run oil marketing companies are facing mounting under-recoveries as retail fuel prices remain largely unchanged despite crude oil hovering around $100 a barrel

India needs energy storage policy to manage supply shocks: S&P Global

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

Reliance Industries plans Jamnagar refinery shutdown starting late May

Reliance Industries is likely to begin maintenance shutdown at its Jamnagar refinery after Nayara Energy resumes operations, amid efforts to ensure fuel supplies

L&T Q4FY26 results: Net profit declines 3% to ₹5,325.60 cr; revenue up 11%

L&T posts marginal decline in Q4 profit due to base effect, while revenue grows 11% on strong order inflow; board recommends Rs 38 per share dividend

Petronet LNG plans to build 7 LNG storage tanks amid supply disruptions

The move comes as India faces critical challenges in meeting the country's energy requirements amid the West Asia crisis, highlighting high energy import dependency and lack of storage infrastructure

West Asia conflict: Govt looks to tap deepwater oil amid Hormuz squeeze

Focus likely to be on collecting seismic data in unexplored blocks

19-kg commercial LPG cylinder price raised by ₹993; steepest increase

OMCs raise commercial LPG prices sharply amid rising crude costs, while domestic LPG and petrol-diesel rates remain unchanged; ATF for international flights also revised

Govt cuts export duty on diesel, ATF; retail petrol prices unchanged

The export duty has been introduced to ensure domestic availability of petroleum products amid the West Asia crisis

Venezuela, Brazil among India's top 5 crude oil suppliers in April

Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April

India's oil trade deficit rises despite softer crude prices: Crisil

Rating agency flags divergence between global and domestic oil demand trends as imports outpace exports, putting pressure on India's overall trade balance