oil-&-gas

Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald Trump has indicated that a deal is not imminent. The conflict began in February, with a ceasefire observed since April. Mediators are working towards a settlement amidst…

Petrol, Diesel price hike Today: Fuel prices have seen another hike. Petrol and diesel rates have gone up, marking the fourth increase in under two weeks. This rise reflects global crude oil price surges and ongoing geopolitical tensions. Oil companies have been facing significant daily losses. India has largely shielded consumers from the full impact…

Iran’s leadership asserts its “legal right” to manage the strategically vital Strait of Hormuz, claiming it will secure national interests and end regional instability. An adviser to the Supreme Leader stated this control would ensure national security and mark the end of 50 years of insecurity in the Gulf, amid heightened regional tensions.

Bangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and lessen dependence on costly LNG imports. New production sharing contracts offer more attractive terms to international companies. This initiative targets 26 offshore blocks in the Bay of Bengal.

India’s economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation’s heavy reliance on imports for oil and other key commodities exacerbates these economic pressures.

In a strategic move to bolster energy security, Coal India is gearing up to establish new coal-to-syngas facilities strategically positioned at mine pitheads or close to industrial users. This initiative comes in light of recent global gas supply challenges, prompting the company to actively seek partnerships with developers and industrial off-takers for these innovative projects.

The Centre has amended the Legal Metrology (Government Approved Test Centre) Rules, 2013, to expand verification infrastructure for weights and measures. Five new fuel dispensing systems, including CNG, LNG, and hydrogen, have been added to the GATC framework. This move aims to enhance verification services, improve efficiency, and support the adoption of cleaner fuels across…

India’s fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are impacting travel and consumption. Oil companies have increased petrol and diesel prices. Prime Minister Modi urged fuel saving. Analysts predict a substantial cut in India’s refined products demand forecast for 2026.

S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC’s earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs while meeting India’s energy needs.