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E20 mixing in trial phase, Centre tells SC; court orders status quo on ethanol quota
The Supreme Court has halted the Karnataka High Court's order to increase ethanol allocations for the 2025-26 supply year, urging state-run oil companies to maintain current levels. Attorney General R Venkataramani argued that such changes could destabilise the national E20 blending program, an "ongoing experiment."
SC directs status quo on Karnataka HC order on ethanol allocation; Centre says 20% blending still an experiment
The Supreme Court has put a hold on a Karnataka High Court order that sought to increase ethanol allocation for 2025-26. An oil company argued this could disrupt the national policy for 20% ethanol blending in petrol. The top court issued a notice, questioning if enhancing one supplier's quota would lead to widespread litigation and destabilize the existing national policy.
No Changes To Ethanol Quotas: Supreme Court Steps In As Centre Defends E20 Policy
The court also issued notices to 24 respondents, including the Union government and 23 distilleries, on the public sector oil marketer's appeal.
Global headwinds persist as India posts 7.8% Q4 growth amid easing oil, steady policy stance and mixed inflation trends
West Asia peace deal eased energy stress, pushing Brent below $80. India grew 7.8% in Q4, CPI rose to 3.9%, fiscal deficit at 4.4% of GDP. RBI kept repo at 5.25% with neutral stance amid mixed global PMI.
India plans to cut reliance on Middle East oil, tap spot market after war shock
India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana, Brazil, and the US. The nation is also building strategic reserves to enhance energy security.
India plans to add strategic fuel reserves after Iran war shock
India is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming to prevent supply disruptions like those seen during the Persian Gulf crisis. This ambitious move follows a review of existing, limited stockpiles and includes expanding underground crude storage and addressing the challenges of storing gas.
Oil finds its way: Supertankers return to Persian Gulf
Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity of millions of barrels, is vital for global energy markets as hostilities ease ahead of peace talks.
Welspun Corp stock zooms 111% from February low; here's why
The medium to long term business outlook for Welspun Corp continues to remain positive across all its businesses, supported by strong focus on Oil & Gas, energy security and transition initiatives.
Oil & Natural Gas Corpn Ltd down for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The stock tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index.
Repeated crises reaffirm role of PSU oil firms
During national emergencies such as floods and the recent pandemic, India's state-run oil companies have shown their crucial importance by ensuring a steady fuel supply. Even amid previous privatization debates and criticisms, these public sector firms have remained essential to maintaining energy stability.
Hormuz traffic eases; Iran revives crude supply pitch to India
Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.
From floods to war, state-run oil firms prove indispensable despite repeated privatisation bids
India's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite past privatization attempts, these public sector firms consistently ensure fuel availability, absorb price shocks, and maintain supplies nationwide. Their strategic role in energy security, especially given India's import dependence, highlights their critical importance beyond mere commercial operations.