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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 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.
India eyes oil exploration expansion after Middle East war shortages
In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising energy demands and global volatility, with significant funding earmarked for offshore drilling activities.
India, Japan agree on crude oil stockpiling & reserve systems
India and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to shield consumers and industries from West Asia conflict disruptions. The nations will share market insights, stabilize energy prices, and explore third-country energy sourcing and upstream investments. This collaboration aims to enhance regional energy resilience through shared mechanisms and dialogues.
Over 1/10 Of Crude Basket: A Look At Iran's Share In Indian Oil Imports At Its Peak
Iran's share in India's crude basket steadily increased through the second half of the last decade, peaking at more than one-tenth of the country's total oil imports.
Vedanta Resources plans to relist; US likely; eyeing $100 billion
Anil Agarwal plans to relist Vedanta Resources, potentially in the US. The group intends to invest $100 billion in India's metals and minerals sector. Vedanta will be restructured into five separate listed companies. This move aims to scale businesses independently and meet the country's growing resource demand. Agarwal sees significant potential in the oil and gas division.
No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri
Speaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India dropped by 3.1 per cent from May 2022 to May 2026.
Fueling Demand: Inside India’s ethanol mobility revolution in reverse
India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in India's energy landscape.
Maruti unveils India's first flex-fuel car: What is a flex fuel vehicle? How does it work? Will it cut your fuel bill? Here's all
Maruti Suzuki has introduced India's first flex-fuel passenger car. This technology allows vehicles to run on petrol or petrol-ethanol blends. It is seen as a significant step towards reducing crude oil imports. The move also aims to lower carbon emissions and enhance India's energy security. This innovation could unlock substantial benefits for the country.
Maruti Suzuki to fuel India's ethanol shift with first flex-fuel car that's coming soon
India's auto sector is set for a revolution with Maruti Suzuki launching the country's first mass-market flex-fuel passenger vehicle. This move supports green mobility and reduces oil imports. The vehicle can run on petrol and ethanol blends up to 100 percent. This initiative boosts the rural economy and promotes cleaner transport. The government is also expanding E100 fuel infrastructure nationwide.
US Stock Market Today: S&P 500, Nasdaq Edge Higher As Oil Retreats; Micron Rockets Another 6%
Iran has reportedly committed to restore the number of ship transits through the Strait of Hormuz to pre-war levels within one month if the United States removes their naval blockade and withdraws military forces from the country's vicinity.
Bangladesh launches fresh offshore oil, gas tender with sweeter terms for foreign firms
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.