India imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, India has managed to move some LPG cargoes out of the Persian Gulf over the past three months without paying any toll (to Iranian authorities), the ministry said.
OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of a policy signal than a…
OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks, prominent players such as Saudi Arabia are striving to align with demand.
The Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid in advanced economies such as the United States, Australia and Canada, the Ministry of Petroleum and Natural Gas said on Sunday, noting that a beneficiary of the Pradhan Mantri Ujjwala Yojana (PMUY)…
In a significant move, Tamil Nadu Power Distribution Corporation Ltd has promoted 300 assistant executive engineers simultaneously. This transparent process, based on eligibility and board rules, aims to address staffing needs and long-pending issues. The promotions are expected to boost morale, enhance operational efficiency, and improve public services.
OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz was effectively blocked by conflict. However, analysts believe geopolitical realities and dwindling supply mean any output increases will have limited impact on global prices.