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Last Updated:June 07, 2026, 7:55 PM IST OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait of Hormuz disruptions limit price impact and risk future oversupply. OPEC+ will raise July oil quotas by 188,000 barrels per day, but analysts say Middle East tensions and Strait…
Last Updated:June 02, 2026, 5:39 PM IST IEA chief Fatih Birol said the world is quickly running out of the buffers that have prevented a sharper oil shock from the “largest energy crisis in history” in West Asia. Executive Director of the International Energy Agency (IEA) Fatih Birol. (Reuters) With commercial shipping through the vital…
Last Updated:May 18, 2026, 5:54 PM IST To produce more LPG, Indian refiners have reduced output of alkylates—key additives used in motor fuels that help gasoline burn more cleanly. People waiting with empty LPG cylinders for refilling, in a village on the outskirts of Uttar Pradesh’s Jewar district. (AFP file photo) The global energy market…
Last Updated:May 11, 2026, 4:16 PM IST Discussions are reportedly underway between the finance and petroleum ministries and oil marketing companies over a possible fuel price hike amid the US-Iran deadlock. PM Modi’s call for reduced fuel usage has raised concerns of a price hike. (Representational Image) Prime Minister Narendra Modi’s appeal to citizens to…
Last Updated:April 17, 2026, 5:46 PM IST At the heart of the jet-fuel crisis is the Strait of Hormuz, through which a huge portion of the world’s oil and roughly 75% of Europe’s jet fuel imports, normally passes. Only ‘6 Weeks Of Jet Fuel Left’ In Europe: Will Your Summer International Flights Be Cancelled? You…
Last Updated:April 08, 2026, 11:11 IST Speaking during the Monetary Policy Committee (MPC) meeting, he flagged risks to global supply chains and energy markets. RBI Governor Sanjay Malhotra. Reserve Bank of India Governor Sanjay Malhotra warned that disruptions in the Strait of Hormuz could weigh on economic growth, citing heightened geopolitical tensions in the region….
Last Updated:March 31, 2026, 6:56 PM IST The country’s minister said that all civil servants will work from home every Friday as part of broader energy-saving measures. Motorcyclists queue to refuel at a gas station operated by Pertamina, Indonesia’s state-owned oil and gas company, as the closure of the Strait of Hormuz by Iran disrupts…
Last Updated:March 28, 2026, 8:46 PM IST Saudi Arabia maximizes East West pipeline to 7 million barrels per day, rerouting exports via Yanbu to bypass the disrupted Strait of Hormuz and stabilize global oil flows. Representational image. (Reuters) Saudi Arabia has activated a key part of its energy contingency strategy, with its crucial East-West pipeline…
A shortage of commercial LPG cylinders in Bengaluru, due to the ongoing Iran-Israel War, has prompted several restaurants to make temporary adjustments to their menus over the past few days. With distributors unable to meet usual demand and fuel‑heavy cooking becoming difficult, many establishments have cut back on items that require sustained heat. According to Moneycontrol,…
Last Updated:March 10, 2026, 9:14 PM IST Union minister Hardeep Singh Puri said the central government is taking measures to ensure 100% supply of CNG and piped natural gas to domestic consumers A delivery staff unloads LPG cylinders from a truck at a distribution point in Mumbai on March 10, 2026. (Image: AFP) Petroleum and…