Energy

[ad_1] India is open to commercial merits of crude supply from Venezuela, says Indian foreign ministry spokesperson, Randhir Jaiswal. NEW DELHI: India is open to buying oil from nations including Venezuela, depending on ⁠commercial viability, an Indian foreign ministry spokesperson said on Thursday. “There is a history of engagement with Venezuela. We have a long-standing […]

[ad_1] On a sequential basis, consolidated profit rose 66.4 per cent from ₹7,817.55 crore reported in Q2 FY26. Indian Oil Corporation Ltd (IOCL) on Thursday reported its consolidated net profit jumped 514.9 per cent year-on-year to ₹13,006.92 crore in Q3 FY26, compared with ₹2,115.29 crore in the corresponding quarter last year. On a sequential basis,

[ad_1] The EAM said that the two side reviewed their bilateral cooperation during his meetings with the US Secretary. Russian Foreign Ministry Spokesperson Maria Vladimirovna Zakharova said that there was no reason to believe that India would reconsider its approach to energy cooperation with Russia, RT News reported. “No reason to believe India has reconsidered

[ad_1] The average analyst estimate in a company-provided poll for adjusted earnings, Shell’s definition of net profit, was $3.5 billion. Shell‘s fourth-quarter net profit of $3.3 billion missed expectations, dropping 11 per cent from a ‌year earlier amid lower oil prices, it said on Thursday as it kept its share buyback programme steady at $3.5

[ad_1] Oil prices dropped as the US and Iran agreed to hold talks in Oman, easing fears of supply disruptions from the Middle East. Oil prices fell more than $1 a barrel on Thursday after the US and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between

[ad_1] The Indian Gas Exchange’s benchmark Indian Gas Price Index (GIXI®) for January 2026 averaged ₹962 per MMBtu. India’s gas trading activity strengthened in January as volumes on the Indian Gas Exchange (IGX) rose sharply, even as benchmark prices softened on improved domestic supply. IGX recorded traded gas volumes of 8.4 million MMBtu (212 million

[ad_1] India’s Russian oil imports have decreased. Refiners are now seeking crude from other countries. India’s Russian oil imports slipped in January, continuing a downturn that began in December as refiners ⁠sought more alternative barrels under Western sanctions pressure and ongoing US-India trade talks, Reuters sources said and data showed. On Monday, US President Donald

[ad_1] The American Petroleum Institute’s Global Industry Services division is establishing its first formal representative office in India. Mumbai: The Global Industry Services division of the American Petroleum Institute (API), one of the world’s most influential energy standards bodies, is preparing to open a formal representative office in India. The move comes in the backdrop

[ad_1] American shale oil is largely light-grade, while Russia supplies heavier, sulphur-rich Urals crude. India is free to buy crude oil from any country and its decision to diversify suppliers is not new, the Kremlin said on Wednesday, rejecting claims that New Delhi had agreed to halt purchases of Russian oil. Responding to a question

[ad_1] Oil prices eased as the US and Iran agreed to hold talks in Oman, reducing fears of a military conflict that could disrupt supply from the key Middle East region. Oil prices fell on Thursday after the US and Iran agreed to hold talks in Oman on Friday, easing concerns of a potential military