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With Iran-US peace deal in sight, IEA projects oil supply surplus in 2027

New Delhi, June 17 -- Global crude oil market is expected to tighten this year before supplies turn into a surplus in 2027, as the US and Iran move towards a peace deal in West Asia that could reopen ... Read More


Crude price fall may not last as nations rush to rebuild reserves

New Delhi, June 16 -- Global crude oil prices are unlikely to fall significantly from current levels and could even edge up modestly, despite the impending US-Iran peace deal, analysts and oil industr... Read More


Oil continues to trade subdued; market awaits peace deal details, reopening of Strait of Hormuz

New Delhi, June 16 -- Global crude oil prices continued to trade near three-month lows on Tuesday following the announcement of a peace agreement framework between the US and Iran, easing concerns ove... Read More


Government raises export duties on diesel, ATF

New Delhi, June 16 -- The Union finance ministry on Monday raised the export duties on diesel and jet fuel to Rs.14 per litre and Rs.12.5 per litre, from Rs.13.5 and Rs.9.5, respectively. The revised... Read More


US-Iran peace deal eases oil risk premium, supply risks persist

New Delhi, June 15 -- New Delhi: Oil markets fell sharply on Monday as traders unwound geopolitical risk premiums tied to the West Asia conflict, after reports of a US-Iran peace deal prompted expecta... Read More


Iran-US peace deal raises hopes of supply chain easing, slow recovery concerns persist

New Delhi, June 15 -- After multiple false starts towards peace, the US and Iran agreed to shake hands and end the West Asia war that has rocked the world for over 100 days, sending waves of relief ac... Read More


India ramps up J&K hydropower projects amid Indus Water Treaty pause

New Delhi, June 15 -- India has started work on three hydropower projects in Jammu and Kashmir, entailing a combined investment of around $3 billion, as the government looks to use excess water domest... Read More


AM Green, V.O.C Port Authority to develop 200ktpa green ammonia bunkering hub

New Delhi, June 12 -- Greenko-founders-backed AM Green on Friday announced a partnership with V.O. Chidambaranar Port Authority (VOCPA), under the ports ministry, to jointly develop a 200 kilotonne pe... Read More


Oil prices fall after Trump cancels 'planned strikes' on Iran, says deal to be signed 'shortly'

New Delhi, June 12 -- Global oil prices fell below $90 per barrel on Friday after US President Donald Trump announced that he had cancelled the "planned strikes" on Iran and said a deal with Tehran ha... Read More


India protests second attack on vessel with Indian crew as West Asia conflict deepens

New Delhi, June 11 -- US forces on Thursday struck MT Jalveer, a Guinea-Bissau-flagged vessel carrying 20 Indian crew members, days after a similar attack on another ship with Indian sailors on board,... Read More