Energy

Indian Oil Officers’ Association has written to the oil minister. They are concerned about reports suggesting the abolition of three director posts. New Delhi: The Indian Oil Officers’ Association has written to oil minister Hardeep Puri, seeking his intervention to scrap any proposal to abolish three director-level posts on the company’s board, arguing that the […]

‍Indian Oil Corp buys its first Ecuadorean ⁠Oriente crude cargo Indian Oil ‍Corp, the country’s top ​refiner, has bought 7 million barrels of oil, ⁠including from Brazil’s Petrobras, for March loading to replace Russian oil, two trade sources familiar with the matter said. Indian refiners are recalibrating their strategies to ‌shift away ‌from top supplier

The coalition has sought an early meeting with PNGRB and reiterated its readiness to contribute to the study process. The Indian Auto LPG Coalition (IAC) has urged the Petroleum and Natural Gas Regulatory Board (PNGRB) to include Auto LPG (Autogas) in an ongoing TERI-led study assessing vehicular fuel options in India’s energy transition. In a

Brent crude was trading 1.03 per cent higher at $64.72 per barrel in futures trade. The rupee hit an all-time low of 92 on Friday and recovered marginally to settle at 91.88 (provisional) against the American currency, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the Indian rupee

The March contract also traded higher by ₹104, or 1.91 per cent, to ₹5,555 per barrel in 3,016 lots. Crude oil prices on Friday climbed ₹114 to ₹5,554 per barrel amid strong trends in global markets. On the Multi Commodity Exchange, crude oil for February delivery increased by ₹114, or 2.1 per cent, to ₹5,554

The deal between the state-run refiner and Brazil’s national oil company will be signed ‌next ‍week at the India Energy Week conference Bharat Petroleum Corp Ltd will buy 12 million oil ⁠barrels for $780 million from Brazil’s Petrobas in fiscal 2027, twice the size of its 2026 contract, to partly replace ‌Russian oil, ‌a government

As India charts its pathway towards 100 GWe of nuclear capacity by 2047, the event will place a strong emphasis on nuclear energy. India Energy Week (IEW) 2026, hosted under the patronage of the Ministry of Petroleum & Natural Gas, Government of India, and jointly organised by the Federation of Indian Petroleum Industry (FIPI) and

US Treasury Secretary Scott Bessent indicated potential removal of 25% tariffs on India if Russian oil purchases continue to decline US Treasury Secretary Scott Bessent on Friday hinted that additional 25 per cent tariffs imposed on India could be removed after Indian purchases of Russian oil dropped sharply, calling the outcome a “huge success”. Speaking

Oil Minister Hardeep Singh Puri Global energy markets remain stable with enough supplies to meet demand despite geopolitical upheavals, Oil Minister Hardeep Singh Puri said on Friday as he pitched for both producers and consumers playing a constructive role to ensure a viable and predictable market. Refusing to be drawn into assessment of crude oil

EIL to lead $350M expansion of Africa’s largest Dangote refinery in Nigeria Bharat Petroleum Corporation Ltd on Friday reported a sharp rise in consolidated net profit for the third quarter of FY26, with profit surging 88.9 per cent year-on-year to ₹7,188 crore, compared with ₹3,806 crore in the corresponding quarter last year. On a consolidated