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India ensures household gas supply amid global energy crisis
India is diverting imported and domestic gas to priority sectors like households and CNG vehicles due to supply crunches caused by the Iran war. Petrochemical units and power plants may face complete allocation cuts, while fertilizer and refinery supplies are also reduced. GAIL will manage the diversion, with a common price set by the oil ministry.
India securing energy flow from different sources, routes; no gas shortage, assures Hardeep Singh Puri
India is securing more liquefied natural gas from diverse sources, moving away from the Middle East. This is a response to ongoing geopolitical tensions impacting global energy flows. The government assures citizens that domestic gas supplies remain stable. Measures are in place to ensure uninterrupted fuel for households and industries.
ONGC, Oil India remain tactical buys amid high crude prices; policy risk may rise: ICICI Securities
ONGC and Oil India remain tactical investment ideas if crude prices stay elevated, said Probal Sen, Energy Analyst at ICICI Securities. He noted that even realisations of $75–$80 per barrel would be positive for upstream companies. However, if oil sustains above $100 per barrel for a prolonged period, the probability of government intervention could increase. Sen added that authorities may explore measures to limit gains for producers to ease pressure on consumers.
Iran-Israel War: India orders refineries to boost LPG production for domestic use
In a decisive move to reinforce national energy security, India's Ministry of Petroleum and Natural Gas is enhancing domestic LPG output. This strategy guarantees a steady supply for homes, especially during international fuel crises. Meanwhile, hospitals will receive a prioritized allocation of imported LPG, with a specialized committee assessing the needs of businesses in the food sector and industrial clients.
Stock market today: Trade setup for Nifty 50, US-Iran war to gold, silver, crude oil rates; eight stocks to buy or sell
Stock market today: Experts have recommended these eight stocks to buy today —Bharat Forge, Timken India, ONGC, NTPC, Hindustan Zinc, HBL Engineering, ABB India, and Quality Power
Oil and gas prices rapidly rise as Iran war shows no signs of letting up
Oil prices have surged after the US–Israel attacks on Iran escalated into a wider Middle East war, disrupting energy supplies and shipping in the region. Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.
Avoid chasing metal rally; focus on domestic sectors: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says market corrections during geopolitical conflicts historically present buying opportunities, though investors should stagger investments due to oil and gas risks. He remains positive on banks, select capital goods and pharmaceuticals, while continuing to hold metals but avoiding fresh buying at current levels. Export-oriented sectors like chemicals may face near-term pressure from higher logistics and raw material costs.
Russia oil waiver via India a temporary step to keep prices down, says American Energy Secy
Wright further asserts that record-breaking US oil and gas production has kept current fuel prices significantly lower than the previous administration’s peak.
Hormuz shutdown worsens after US hits Iranian warship; tankers stranded for fifth day
The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices. At least 200 ships, including oil and liquefied natural gas tankers as well as cargo ships, remained at anchor in open waters off the coast of major Gulf producers including Iraq, Saudi Arabia and Qatar, according to Reuters estimates based on ship-tracking data from the MarineTraffic platform.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.
Qatar halts LNG output after attacks; disruptions to hit Indian supplies, city gas firms flag concerns
Qatar has stopped liquefied natural gas production following attacks. This halts supplies to India, affecting industrial consumers and city gas companies. Petronet LNG cannot send ships through the Strait of Hormuz. This disruption impacts India's energy needs and domestic sectors. Companies are seeking clarity on future gas availability.
Energy Outlook | Gas prices nearly double amid West Asia tensions, says Crisil
Crisil Intelligence’s Director Sehul Bhatt says Middle East tensions pose a bigger risk to gas than oil as India has lower gas inventories and relies heavily on imports. With about 50% of gas imported—around 40% from Qatar—any disruption can tighten supply. Spot LNG prices have already surged to nearly 1.9–2 times pre-conflict levels, hurting industrial and commercial consumers the most. Bhatt adds industries may switch to alternate fuels like fuel oil or LPG if gas prices remain elevated.