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Trump administration, senators advance sanctions bill targeting countries buying Russian oil
US senators and the Trump administration have agreed on updated Russia sanctions legislation. This new bill aims to impose penalties on countries doing business with Russia. Senator Lindsey Graham met with Ukrainian President Volodymyr Zelenskiy in Kyiv on Friday. Zelenskiy underscored the need for increased sanctions pressure on Moscow. The legislation is expected to provide new tools to help end the ongoing conflict.
Tata Motors, Castrol join hands to advance used oil circularity across the lubricant value chain
Tata Motors and Castrol India have partnered to launch a pilot program for used oil recycling in Karnataka. This initiative aims to create a traceable system for collecting and processing used engine oil from Tata Motors' service centers, addressing a critical environmental concern. The collaboration seeks to establish a scalable model for responsible oil management, contributing to a circular automotive ecosystem in India and aligning with both companies' sustainability goals.
Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analyst
Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its duration, payment hurdles and existing supply commitments limit fresh buying, market analyst Sumit Ritolia said. Refiners have already secured most crude requirements for the coming months through advance procurement plans.
NLC India, Indian Oil Corporation partner up for large-scale green energy projects
State-run NLC India Limited (NLCIL) has partnered with Indian Oil Corporation Limited (IOC) to form a joint venture focused on developing large-scale green energy projects in Tamil Nadu. This collaboration, formalized by a Memorandum of Understanding, aims to advance renewable energy initiatives including solar, wind, and storage solutions. The partnership signifies a strategic move for NLCIL's diversification into clean energy and contributes to India's sustainable development goals.
Brent Crude Trades Around $78 After Iran Gets Oil Sales Waiver As Peace Talks Advance
Brent crude traded near $78 a barrel after falling more than 3% in the previous session, while West Texas Intermediate hovered above $74.
Sensex jumps 436 pts; oil & gas shares advance
At 10:30 ST, the barometer index, the S&P BSE Sensex, jumped 436.19 points or 0.57% to 77,234.05. The Nifty 50 index rose 142.20 points or 0.57% to 24,148.80.
Sensex, Nifty trade in positive terrain; European mrkt advance
Media, realty and PSU bank shares advanced while IT, metal and oil& gas stocks declined.
Sensex, Nifty close sharply higher: 5 reasons behind today's stock market surge
The Sensex climbed 736 points to close at 76,264, while the Nifty advanced 231 points to 23,854. Both indices, however, ended below their intraday highs. The market's advance was led by index heavyweights Larsen & Toubro, Reliance Industries, Mahindra & Mahindra and Maruti Suzuki.
Global shares advance as Trump claims breakthrough in Iran war talks
Expectations that an agreement between the US and Iran may help reopen the strait sent oil prices tumbling
Ethanol blending program has saved India Rs1.84 lakh crore in foreign exchange
Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, strengthen the rural economy through ethanol demand, and advance low-carbon mobility, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said recently. India has one of the world's largest two-wheeler ecosystems with an active two-wheeler fleet of over 300 million vehicles. The flex-fuel technology has the potential to transform mobility at an unprecedented scale.
Oil Prices On June 3: Brent Crude Nears $97 As Stalled US-Iran Talks Revive Supply Concerns
The latest advance comes after oil prices gained more than 7% over the first two trading sessions of the week.
Market trade near day's high; European mrkt advance
IT, consumer durables and auto shares advanced while pharma, media and oil & gas shares declined.