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Govt Seeks Proposals For Coal Gasification Projects Under Rs 37,500-Crore Incentive Scheme
The signing of the project agreement will take place on January 4, 2027, the coal ministry said.
OPEC+ tipped to raise quotas again as Middle East calms
Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.
Coal gasification pilot yet to take off despite ₹6,233 cr incentives
Nearly a year after awarding ₹6,233 crore for coal gasification projects, none have progressed beyond planning. Despite multiple task force meetings, ground work hasn't commenced, with commissioning now pushed to FY30. Meanwhile, a new ₹37,500 crore scheme has been launched, excluding first-round participants who now face disadvantages due to delays and lack of access to more generous incentives.
India May Face Curbs In Russian Oil Imports As Trump Aide Hints At Ending Waiver Soon
Rubio said Trump would take prevailing market conditions into account before deciding whether to extend or terminate the waivers.
RIL aims to generate 40 billion units of green energy every year, Anant Ambani says at AGM
Reliance Industries Ltd. (RIL) executive director Anant Ambani, at the 49th AGM, announced a slew of measures the conglomerate is set to take this fiscal onwards, focusing on building the world's first fully soverign clean energy ecosystem.
India may take a leaf from China's book for oil pool
India may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims to protect the nation from future supply shocks. The proposal is in its early stages. Refiners might face substantial costs for storage and oil purchases. This policy could bolster India's energy security.
India Sees Oil Flow Recovery Taking Weeks After Hormuz Reopening
Crude oil prices could take up to one year to normalise to pre-war levels, say analysts.
Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: Analysts
Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening of the Strait of Hormuz are key factors. However, analysts warn of continued volatility due to supply disruptions and low inventories. India's energy security and import costs are expected to improve. Full market normalisation may take months.
Qatar plans to rapidly restart LNG production after Hormuz opens
Qatar plans to quickly ramp up liquefied natural gas production to nearly full capacity within two months of the Strait of Hormuz reopening. QatarEnergy expects to reach 50% output a month after safe passage is restored, with the remaining capacity to take years to fully recover from recent damage.
SpiceJet, IndiGo take off as crude oil prices tumble on US-Iran peace deal hopes
Shares of airline operators rallied on Monday after crude oil prices fell sharply following reports of a preliminary peace agreement between the United States and Iran.
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Global oil prices saw a dip following news of an Iran war ceasefire and the reopening of the Strait of Hormuz. However, energy experts caution that restoring full oil and gasoline supplies will take several months. Stranded ships must depart, and new tankers will need safe passage.
Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street
Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil prices.