Despite damage to key Russian oil infrastructure by Ukrainian drone strikes in March, International Energy Agency data shows Russia’s earnings in March were highest for any month since January 2024.
IEA projects sharp reversal from its earlier expectations, with global demand for oil in 2026 turning negative. Hormuz disruptions have pushed crude prices to $130 per barrel.
The land-leasing agreement was signed between Bharat Coal Gasification and Chemicals Limited (BCGCL) and Mahanadi Coalfields Limited (MCL) to build a coal to Ammonium Nitrate project plant in Odisha.
The disruption in the Hormuz Strait has sharply reduced India’s intake of Gulf crude. This March, Gulf supplies—usually half of India’s crude imports—dropped from 2.6–2.7 mbpd to 1.2–1.3 mbpd.
IOC, BPCL, and HPCL have lost about Rs 20,000 crore due to the fuel price freeze. These losses will accumulate on balance sheets, raise borrowing costs, and circle back to the govt as contingent liabilities.
On 2 August 1958, Jawaharlal Nehru addressed the officers of the Oil and Natural Gas Commission at Tel Bhavan in Dehradun, advocating for oil exploration in the country to achieve self-sufficiency.
The government’s supposedly investor-friendly Hydrocarbon Exploration and Licensing Policy in 2016 has failed to yield results. India’s domestic crude oil output has continued to fall.
New Delhi: India Thursday called the targeting of commercial shipping and the closure of the Strait of Hormuz as “unacceptable” in its strongest criticism...
The Government of India recognises Ladakh as one of the most important living centres of Buddhist culture in the world. We are committed to safeguarding its unique cultural traditions.
Post-2022 as AI has spread in developed economies, it is leading to another round of polarisation—the middle class jobs are being lost in offices rather than in factories.
The fifth S-400 air defence system is undergoing various stages of production trials, and will be delivered by November-December this year, it is learnt.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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