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Brent crude plunges 12% to below $90 as markets bet on emergency stockpile release
Crude oil prices plummeted 12% to $87.06 per barrel on 10 March, following a 17% drop previously. The International Energy Agency is meeting to discuss emergency stock releases amid ongoing supply concerns stemming from geopolitical tensions and production cuts by Iraq, Kuwait, and the UAE.
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.
Top 10 high growth large-cap stocks: Profit surges over 50% YoY in Q3FY26
Several NSE large-cap companies reported sharp YoY profit growth in Q3FY26. Adani Enterprises led with a 9,630% jump, followed by Tata Steel and Indian Oil. Steel, energy, finance, FMCG and hospitality firms recorded profit increases above 50%.
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.
Top US officials defend temporary waiver on Russian oil exports to India
US officials defended a temporary waiver allowing India to buy Russian crude, saying it would help stabilise global oil markets amid supply risks from the Iran war. Energy Secretary Chris Wright said Washington urged India to purchase Russian oil already stranded on tankers and redirect it to Indian refineries to ease fears of shortages and curb price spikes.
Stock market today: Trade setup for Gift Nifty 50, US-Iran war, crude oil, gold, silver rates — 8 stocks to buy or sell
Stock market today: Experts have recommended eight stocks to buy today — Reliance Industries, Balrampur Chini Mills, Jubilant FoodWorks, AB Capital, MCX, Ather Energy, Godrej Agrovet, and Yatharth Hospital
Pakistan Faces Heat! Provinces Announce Fuel Curbs, Schools Shut Amid Global Oil Crisis
Khyber Pakhtunkhwa cuts fuel allowance for government vehicles, while Punjab and Balochistan close educational institutions as energy pressures mount.
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.
France says G-7 is not there yet on releasing oil stockpiles
The G7 nations are monitoring the Iran war's impact on energy markets, ready to use reserves if needed. Brent oil futures surged due to Middle East output cuts and Hormuz's closure.
India's coal production likely to grow 6-7% annually over next few years: Kishan Reddy
India is on the verge of a coal production boom, with forecasts suggesting an impressive surge to 1.5 billion tonnes by 2029-30. This ambitious growth plan is designed to satisfy the country's soaring energy demands. Domestic coal output is projected to grow at a rate of 6-7 percent yearly, decreasing the need for foreign coal imports.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Energy Shock Ripples Across Markets as Oil Surge Reshapes Macro Outlook - Investing.com India
Energy Shock Ripples Across Markets as Oil Surge Reshapes Macro OutlookInvesting.com India