Indian Railway Catering and Tourism Corporation is now cooking meals inside moving trains. This practice was stopped earlier but has resumed using electric induction stoves. The company is also using induction cookers at major stations. This change is due to a significant shortage of commercial LPG cylinders. The disruption has impacted IRCTC’s financial performance.
Global oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Prices are expected to fall sharply once traffic resumes. The market anticipates a surplus from September. This is driven by West Asian production recovery, strong non-OPEC growth, and potential OPEC output increases.
Kumar Shanker is the new managing director of Indraprastha Gas. He takes over from Kamal Kishore Chatiwal. Shanker is a chemical engineer with over three decades of experience at GAIL. Previously, he led Maharashtra Natural Gas Ltd. IGL is a joint venture between GAIL and BPCL. The Delhi government also holds a stake in IGL.
Cairn Vedanta Oil & Gas has achieved a significant milestone in Assam. The Hazarigaon field recorded its highest gas production. This contributes to India’s energy security. The field supports tea gardens, powers CNG buses, and supplies gas to Numaligarh Refinery. The company ensures responsible operations and efficient resource use. This work reflects steady progress in…
Bharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other secondary units will be shut down. This maintenance was initially planned for April. Indian refiners have been delaying such shutdowns to meet local fuel demand. The shutdown is expected to last three to four…
A fire broke out on the oil tanker Marivex off the coast of Oman, with 24 Indian sailors on board. All sailors are reported safe, and authorities are coordinating efforts to ensure their well-being. The cause of the fire, which occurred Monday afternoon, is currently unknown.
India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation’s diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned to manage potential disruptions.
Cooking gas prices have risen again. Oil companies are still losing about ₹700 on each domestic LPG cylinder. International prices are up due to the West Asia conflict. This has increased supply costs significantly. Consumers pay less than global rates. Pradhan Mantri Ujjwala Yojana beneficiaries receive a subsidy on fewer refills annually.
The reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned near the Gulf and oil infrastructure largely preserved during the shutdown, producers are expected to ramp up output quickly once shipping resumes. Industry experts believe a significant portion of the region’s production capacity could return…
Global oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting significant global supply. However, prices have retreated from highs. Uncertainties about global inventories, China’s demand, and the true state of consumption create a precarious situation. Experts are operating with limited information, making the market’s…