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Reliance warns of a volatile oil market in FY27, bets on gas and green chemicals for growth
In the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high crude prices, economic slowdowns, and geopolitical unrest in the Middle East. However, the company is positioning itself to seize a long-term opportunity in the energy and materials sectors.
Shrinking Oil Inventories Raise Fears of Prolonged Energy Crisis - Investing.com India
Shrinking Oil Inventories Raise Fears of Prolonged Energy CrisisInvesting.com India
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA
The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence amid fears of supply disruptions.
India may soon let consumers choose ethanol-blended petrol based on their cars: Report
Consumers will soon have more choices at petrol pumps across India. New ethanol-blended petrol variants like E20, E22, E25, and E30 will become available. This move aims to reduce crude oil imports and enhance energy security. Vehicle owners can select fuel based on their car's compatibility.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
OIL Green Energy signs JV agreement with Hindustan Waste Treatment
To collaborate on integrated bioenergy and sustainable waste management projects in India
Oil India arm, Hindustan Waste Treatment sign JV pact for bioenergy, waste-to-energy projects
Shares of Oil India Ltd ended at ₹487.25, down by ₹4.90, or 1.00%, on the BSE.
Global power equations to shift further towards energy, critical minerals: Former Vedanta Group CEO
Global power is shifting towards energy security and resource control. Geopolitical tensions are reshaping industrial supply chains. Critical minerals are becoming as vital as oil was. Countries controlling these resources will gain leverage. India must accelerate domestic exploration and build processing ecosystems. Future economic strength depends on securing energy and critical minerals.
Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities
Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance on Gulf imports.
India raises CNG prices by Rs 2/kg across key regions for fourth time in two weeks
Compressed Natural Gas prices have seen another hike in New Delhi. This is the fourth increase in just two weeks. Consumers in the National Capital Region and other cities are now paying more for CNG. Petrol and diesel prices have also risen multiple times recently. These increases are linked to global energy market volatility and rising crude oil prices.
Wilmar International chief says India must target 60% self-sufficiency in edible oils
India needs to produce more edible oils domestically. Kuok Khoon Hong, chairman of Wilmar International, suggests aiming for 50-60% self-sufficiency. This move is crucial given India's vast consumption and current reliance on imports. Stable government policies are key to encouraging local oilseed cultivation. Global factors are also driving up cooking oil prices.
Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikes
Petrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient to fully offset the sharp rise in international crude costs, leaving public sector fuel retailers exposed to substantial daily losses.