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Oil prices up amid stalemate over next round of peace talks, continued blockade of Strait of Hormuz

New Delhi, April 23 -- Global oil prices traded marginally higher on Thursday morning as a stalemate over the next round of peace talks between the US and Iran persisted, with both countries continuin... Read More


India halts new LPG connections amid West Asia war; no timeline for restart

New Delhi, April 23 -- India's state-run oil marketing companies (OMCs) have halted new cooking gas connections nationwide for over a month amid a supply shortage linked to the West Asia conflict and ... Read More


Oil prices trade lower as Trump announces ceasefire extension; naval blockade of Iran curbs losses

New Delhi, April 22 -- Global oil prices traded lower on Wednesday morning after US President Donald Trump announced an extension of the ceasefire with Iran to allow talks to continue toward a "unifie... Read More


Rajasthan refinery fire: Four-member team led by ex-MRPL MD starts probe

New Delhi, April 21 -- The government has formed a four-member team, headed by former managing director of Mangalore Refinery and Petrochemicals Ltd (MRPL), M. Venkatesh, to investigate the fire at HP... Read More


Oil prices subdued as traders await clarity over ceasefire extension, next round of US-Iran talks

New Delhi, April 21 -- International oil prices traded lower on Tuesday morning as traders awaited clarity on the extension of the US-Iran ceasefire and the next round of peace talks between the two c... Read More


Oil prices fall as Israel-Lebanon ceasefire comes into effect, Trump says 'very close' to Iran deal

New Delhi, April 17 -- Global oil prices declined on Friday morning as the 10-day ceasefire between Israel and Lebanon came into effect late on Thursday. Further weighing on prices was US president D... Read More


India to continue buying Russian crude, LPG despite end of US sanctions waiver

New Delhi, April 17 -- India will continue to buy crude oil and cooking gas (liquefied petroleum gas or LPG) from Russia, even after the US's one-month waiver of sanctions on such imports has expired,... Read More


Oil prices trade subdued amid fragile ceasefire, peace deal hopes

New Delhi, April 16 -- Global oil prices traded marginally lower on Thursday morning despite continued tensions over curtailed traffic through the Strait of Hormuz. While market sentiment remains imp... Read More


Hardeep Singh Puri meets US ambassador to discuss boosting energy cooperation

New Delhi, April 15 -- Amid a global energy supply crunch, Union minister for petroleum and natural gas Hardeep Singh Puri met with US ambassador to India Sergio Gor on Wednesday to discuss bilateral ... Read More


Jio-bp caps diesel at 50 litres per customer daily amid supply crunch

New Delhi, April 10 -- Jio-bp has capped diesel sales at 50 litres per customer per day at its petrol pumps amid the West Asia war, four people aware of the matter, including dealers, said. The move ... Read More