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Rubio Claims US Can Help Diversify India's Energy Supply Amid Iran War Risks
During the meeting, Rubio said the US would not allow Iran to "hold the global energy market hostage" and pitched American energy exports as a way for India to reduce supply vulnerabilities.
Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR
Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.
Petrol, diesel prices in India rise for 3rd time: Public calls fuel rate hike a "big blow", demands regulation
Fuel prices, including petrol, diesel, and CNG, have seen multiple increases recently, significantly burdening middle-class families and daily commuters. Residents express frustration over rising costs and stagnant incomes, while taxi drivers face challenges with unrevised fares. These hikes are attributed to global energy market volatility and are expected to raise transport costs and inflation.
CNG prices hiked for third time in 10 days, gets costlier by Rs 1 per kg
CNG prices in Delhi have seen another Re 1 hike, the third in ten days, following similar increases in petrol and diesel. This surge is attributed to global energy market pressures stemming from Middle East tensions and the Strait of Hormuz blockade, which have driven up international crude oil prices significantly.
Is Ebola The Next Big Pandemic? Ex-CDC Chief Rings Alarm Even As WHO Sees Low Global Risk
Health officials in the DRC and Uganda have recorded at least 139 deaths from over 600 probable cases of the current Ebola outbreak.
Crude oil prices remain volatile: Why Julius Baer believes oil crisis may not last long despite Middle East tensions
Crude oil prices fluctuated sharply due to Middle East tensions, with prices briefly surging above $110 per barrel before cooling. Despite a recent rebound, uncertainty remains as diplomatic negotiations between the US and Iran continue, impacting global energy markets.
S&P flags pressure on Indian Oil as high crude prices squeeze margins
S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs while meeting India's energy needs.
GAIL Q4 results: PAT falls 15% QoQ to Rs 1,485 crore; co declares Rs 0.5 dividend
GAIL reported a Q4 consolidated PAT of Rs 1,485 crore, down 15% sequentially. The company declared a Rs 0.5 dividend. For FY26, consolidated PAT fell sharply by 39% to Rs 7,582 crore, mainly due to global energy headwinds, despite resilient operational volumes.
Deep under China's coal basins, PetroChina is unlocking gas from rocks
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as a fortress against global energy volatility.
US Treasuries Rebound on Optimism for US-Iran Deal Progress
Treasuries surged on investor optimism that the US and Iran were working toward a deal that could ease a rise in global energy prices that has fanned fears around inflation.
Crude Nightmare: Gita Gopinath Warns Oil Can Hit $160 In June If Iran Deadlock Persists
According to Gopinath, a spike to those levels would severely hurt both the global economy and India, which relies heavily on the Middle East for energy imports.
Iran's Khamenei Hardens Stance Amid US Truce Talks, Vows 'Resistance Against Global Terrorist Armies'
File image of Iranian Supreme Leader Mojtaba Khamenei