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IndianOil cuts refining capacity by around a third, domestic cooking gas demand up

New Delhi, March 25 -- With the sharp drop in India's petroleum product demand due to the coronavirus outbreak, India's largest refiner-Indian Oil Corporation Ltd (IOCL)-has slashed its refining capac... Read More


Covid-19 may impact India's coal-fuelled power plants using Chinese equipment

NEW DELHI, March 25 -- The Covid-19 outbreak has now cast doubts over a part of India's conventional electricity generation space, with around 90 giga watt (GW) coal-fuelled capacity based on Chinese ... Read More


PM Narendra Modi calls for citizen's curfew on Sunday

New Delhi, March 19 -- In an attempt to prevent the implosion of Covid-19 cases in India, Prime Minister Narendra Modi on Thursday called for a citizen's curfew to be imposed in the country on Sunday ... Read More


With global recession looming, West Texas intermediate crude oil at $25 per barrel

New Delhi, March 18 -- Global oil prices remained suppressed with countries going into a lockdown due to concerns over the Covid-19 outbreak. The global crude oil markets on Wednesday were marked by u... Read More


Oil prices in a tailspin, Brent slips below $30 per barrel

New Delhi, March 17 -- Growing concerns over the Covid-19 outbreak roiled global crude oil markets on Monday, with Brent prices crashing by as much as 10%. The international benchmark hit a low of $28... Read More


India to leverage low prices to fill strategic crude oil reserves

NEW DELHI, March 17 -- The novel coronavirus outbreak may be a blessing in disguise for India's energy security efforts, with the National Democratic Alliance (NDA) government exploring ways to levera... Read More


Oil prices in a tailspin, Brent slips below $30 per barrel

New Delhi, March 17 -- Growing concerns over the Covid-19 outbreak roiled global crude oil markets on Monday, with Brent prices crashing by as much as 10%. The international benchmark hit a low of $2... Read More


Price war sends crude tumbling, but turmoil to India's advantage

NEW DELHI, March 13 -- Crude oil crashed more than 30% on Monday, 9 March, in the sharpest plunge since the 1991 Gulf War after the collapse of the Opec+ alliance talks triggered a bloody price war, w... Read More


To avoid any IL&FS-type imbroglio, rating agencies swing into action on YES Bank

NEW DELHI, March 12 -- To avoid any imbroglio like the one witnessed at the time of Infrastructure Leasing and Financial Services Ltd (IL&FS) meltdown, rating agencies have swung into action to assess... Read More


With oil markets flooded, US shale under threat as presidential polls loom

NEW DELHI, March 11 -- With the world's largest crude oil producer Saudi Aramco planning to boost crude oil supplies to 12.3 million barrels per day in April, and Russia lifting all production curbs, ... Read More