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69 days of crude, 45 days of LPG stock: Petroleum minister Hardeep Puri assures ‘no supply issue’ amid West Asia crisis

Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday soothed concerns over energy supplies across the country, saying that fuel and cooking gas supplies remain stable. Addressing the CII Annual Business Summit, Puri said that the country currently holds crude oil and LNG reserves sufficient for 69 days, while LPG stocks can last...
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Stock Market Live Updates: Sensex drops over 800 points, Nifty50 below 23,700 as oil prices soar above $100 on fragile US-Iran talks

“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23,650, down by 136 points. Global equities traded mostly firmer after mild gains on Wall Street, where the S&P 500 and Nasdaq touched fresh record highs. However, elevated crude oil prices and persistent geopolitical concerns continued to cap...
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Oil & gas royalty rejig: What govt big upstream reform means

NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring...
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US, UK sanctions target Iran-linked network accused of plotting attacks and moving funds

The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”.The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps,...
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Us Sanctions On Russia: India turns down Russia’s sanctioned LNG despite supply concerns driven by Middle East tensions

India has reportedly turned down Russia’s offer to sell liquefied natural gas (LNG) cargoes that are under US sanctions, despite rising energy concerns linked to tensions in the Middle East.The decision has left at least one Russia-linked LNG shipment stranded near Singapore while discussions continue over what supplies India can legally purchase.According to a Reuters...
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