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Russia's diesel export ban deepens global supply crunch
Russia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove prices higher worldwide. European gasoil futures reached record highs against Brent crude oil. The United States also saw diesel futures jump substantially on Wednesday. These events highlight the interconnectedness of global oil supply chains.
IEA's Russian oil output forecasts cut after Ukraine attacks
IEA downgrades Russian oil production outlook due to Ukrainian attacks on energy infrastructure, impacting global supply.
MRPL shares jump 9% as ONGC approves strategic oil reserve in Mangaluru
ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.
E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil Ministry
The government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance and lower emissions. India's ethanol blending program began with pilot projects in 2001. The nation achieved ten percent blending ahead of schedule in 2022.
Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening
Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and Ukrainian attacks. Global oil demand is recovering, but overall supply forecasts depend on lasting peace.
MRPL Shares Jump 6% After ONGC Announces 1.75 MT Strategic Oil Reserve In Mangaluru
The proposed strategic petroleum reserve has put the ONGC subsidiary in focus as investors assess its role in India's energy security plans.
E20 costs more at current crude prices, but saves forex, boosts farmers' income, reduce oil dependence: Govt
Ethanol blending shields Indian consumers from volatile global oil prices. This program reduces dependence on imported crude oil significantly. It also strengthens the country's long-term energy security and foreign exchange reserves. The initiative has already saved over one lakh ninety-seven thousand crore rupees. Continued blending promises greater fuel price stability and farmer income.
ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
Five Stocks To Buy: Ather Energy, Swiggy, Chennai Petroleum, And More | July 09, 2026
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on food delivery and quick commerce, electric mobility, housing finance and oil refining sector.
Petrol, Diesel Prices On July 9: Check Updated Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
Oil prices extended their sharp rally on Thursday after the US struck targets in Iran for a second straight day, reviving fears of disruption to energy supplies from the Middle East.
Oil jumps over 6% as Trump declares Iran ceasefire, MoU effectively over
The US has reinstated sanctions on Iranian oil and launches fresh strikes, reviving fears of disruption in the Strait of Hormuz and raising fresh concerns for India's energy security and inflation outlook.
OMCs, gas utilities remain top picks despite fresh oil price volatility: ICICI Securities
Probal Sen, Senior Research Analyst-Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities discusses India's energy outlook, LPG supply risks, ONGC and Oil India, while Trading.com's Peter McGuire shares his view on crude prices amid escalating West Asia tensions.