A fire at ONGC’s Uran plant disrupted gas supply to MGL’s Wadala station, potentially affecting CNG stations in Mumbai. MGL prioritizes uninterrupted PNG supply to domestic consumers. Industrial and commercial
Peter Navarro called India’s Russian oil purchases “blood money”. He claimed India didn’t buy much Russian oil before the Ukraine conflict. Navarro criticized India’s tariffs and its oil purchases benefiting
Indian Oil Corp said Russian oil continues to trade at a $2–$3 per barrel discount to Dubai crude for Indian deliveries. India remains the largest buyer of Russian seaborne crude
Continue readingIndian Oil Corp says Russia's spot oil supply is normal
Despite US pressure, Indian state-owned oil refiners aim to revive discounted Russian crude purchases. However, a lack of available cargoes due to redirection to China and increased competition from other
India’s oil demand is expected to surpass China’s this year. This excludes China’s strategic stockpiling. Urbanization and rising incomes are driving India’s growth. China’s crude consumption is slowing, except in
Continue readingIndia's oil-demand growth set to outpace China, says Trafigura Group
New sanctions targeting buyers of Russian oil could significantly disrupt crude flows, according to Gunvor’s Frederic Lasserre. President Trump is considering secondary tariffs on countries like China and India that
Continue readingNew sanctions on Russian oil buyers to disrupt flows, says trader Gunvor
S&P Global anticipates a drop in Dated Brent crude prices. The price could hit $55 a barrel by the end of the year. OPEC’s decision to gradually increase output influences
Continue readingS&P Global expects dated Brent crude to hit $55 per barrel by year-end
JSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, as insolvency proceedings against GVK Energy move forward.
Continue readingJSW, Vedanta, Adani among companies keen to buy GVK Energy's asset
OPEC+ is poised to agree on a further increase in oil output, but is likely to slow the pace of increases from October due to weakening global demand. The group
Continue readingOPEC+ set to raise oil output further from October, sources say
The Goods and Services Tax on biogas plants is now lower. The new rate is five percent. This change should bring more private investment. The Indian Biogas Association believes projects
Continue readingGST cut to boost private investment in biogas sector