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Maharashtra CM Fadnavis urges citizens to follow PM Modi's call for responsible fuel use amid West Asia crisis
Maharashtra Chief Minister Devendra Fadnavis supports Prime Minister Narendra Modi's call for responsible consumption. Global conflicts are impacting oil and gas supplies, raising prices. Fadnavis warns that improper fuel use could lead to shortages in India. Prime Minister Modi urged citizens to reduce edible oil consumption and embrace natural farming.
Crude oil prices rise after Trump rejects 'unacceptable' Iran peace offer
The Strait of Hormuz continues to remain relatively shut, despite a Qatari gas tanker having crossed the region for the first time since the war began and a Panama-flagged bulk carrier bound for Brazil navigating the route through a designated area mapped by the Iranian forces.
Dow futures fall 200 points, crude oil jumps after Trump rejects latest Iran offer
In light of this, crude oil prices have risen in early Asia trading on Monday despite a Qatari natural gas tanker having crossed the Strait of Hormuz for the first time since the Iran war began. Both Brent and WTI crude are trading with gains of 3% each, with WTI closing in on $100 a barrel for the June contracts and Brent nearing $105.
Rs 1,600-1,700 Crore A Day, Rs 1 Lakh Crore In 10 Weeks: Cost Of Insulating India From Global Energy Shock
Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost.
Which sectors saw the biggest FII inflows and outflows in April?
Foreign investors remained net sellers of Indian equities in April, though the pace of outflows eased sharply from March. FIIs turned buyers in sectors such as power, capital goods and metals, while financial services, healthcare, oil & gas and automobiles continued to witness heavy selling pressure amid global uncertainty.
Benchmarks extend losses for second day amid escalating US-Iran tensions
The Nifty settled below the 24,200 level. Among sectoral indices, PSU bank, financial services and oil & gas shares declined, while IT, consumer durables and chemical stocks witnessed buying interest.
Market tumbles amid geopolitical unrest; Europenan mrkt decline
Banking and Oil & gas shares declined while IT, media and FMCG shares advanced.
Barometers trade with deep cuts; Nifty slides below 24,200 mark
The Nifty slipped below the 24,200 level amid broad-based selling pressure. Oil & gas stocks extended losses for the second consecutive trading session.
Natural Gas: Bullish Momentum Builds Ahead of Next Breakout - Investing.com India
Natural Gas: Bullish Momentum Builds Ahead of Next BreakoutInvesting.com India
From Chennai to Abu Dhabi: How Indian manufacturers are breaking into the Middle East’s oil supply chain
Indian engineering firms are now entering the Middle East's oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.
ONGC Share Price Live Updates: ONGC's beta value indicates market correlation
Worth Even At $200: Trump On Oil Prices Amid Iran Conflict, Hormuz Blockade
The conflict has driven gas prices, reportedly, above $4 a gallon in the US.