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Cabinet Likely To Approve Rs 37,000-Crore Coal Gasification Incentive Scheme
The move is aimed at reducing India's dependence on oil and gas imports, and cleaner utilisation of country's vast coal reserves.
INR collapses to fresh record low
The Indian rupee is seen collapsing to new record lows against the dollar in opening trades on Tuesday amid rebound in oil prices and dollar index edging higher. US President Donald Trump reportedly said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close.
Asian shares rise, oil prices gain on Iran deadlock
Asian stocks were up 0.4% near their record as traders remained bullish on AI trade. South Korea led gains as investors bet the country’s chipmakers, such as Samsung Electronics Co. and SK Hynix Inc., will benefit from the global AI buildout.
India’s fuel resilience amid global oil turmoil
The article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel prices despite a sharp global rise in crude oil prices. It credits strong domestic demand, expanding refining capacity, renewable energy growth and government intervention for insulating consumers from global energy shocks.
UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statement
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates' officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became an independent country.
Iran juggles oil cuts and storage strain to resist US blockade
Tightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as storage fills up. Despite the pressure, Iran is drawing on past experience with sanctions to manage the crisis, including reducing output in a controlled way and using floating storage to keep supplies moving.
US stocks pause record rally as oil climbs on Iran tensions, focus shifts to Big Tech earnings
Iran’s Foreign Minister Abbas Araghchi told President Vladimir Putin he’s committed to strengthening the country’s partnership with Russia, as talks with the US on ending an eight-week war remain at an impasse.
HSBC downgrades Indian stocks to ‘underweight’ as oil shock clouds earnings recovery
HSBC has downgraded Indian equities to "underweight," citing surging energy prices from the Middle East war as a threat to the country's earnings recovery. With Brent crude above $100 a barrel, inflation and growth risks are elevated, making India less attractive than North East Asian peers. Earnings forecasts are expected to be revised lower, and foreign investor concerns are mounting.
Crude oil prices gain for second day but set for worst week since June; Details here
According to Saudi Arabia's press agency, the country's oil production capacity has been cut by around 6,00,000 barrels per day due to attacks on its energy infrastructure, that is nearly 10% of its normal crude exports, as per Bloomberg calculations.
Indian refiners postpone maintenance shutdowns to meet local fuel demand: Govt
Indian oil refineries are pushing back their scheduled maintenance work. This decision has been made to ensure they can keep up with the country's high demand for fuel. The government has confirmed that these postponements are happening to prioritize meeting local needs.
Oil Country Tubular Ltd leads losers in 'B' group
Fino Payments Bank Ltd, Super Spinning Mills Ltd, Allcargo Terminals Ltd Partly Paidup and Hindustan Oil Exploration Company Ltd are among the other losers in the BSE's 'B' group today, 16 March 2026.
Middle East war: OMCs to start allocating 20% of commercial LPG from today to curb hoarding, says Hardeep Puri
LPG crisis: Commercial LPG allocation will now be managed. Oil marketing companies will allocate 20 percent of monthly needs. This aims to stop hoarding and black marketing. The hospitality sector will not be penalized. This measure addresses supply constraints and public anxiety. A committee has assessed genuine needs across the country. Available commercial LPG will reach legitimate users first.