NEW DELHI: India’s oil purchases from Russia have increased by nearly 45% in March, rising from around 1 million barrels a day (mbd) in Feb to 1.5 mbd in the first 11 days of the month.With transit through the Strait of Hormuz disrupted since the beginning of the conflict 12 days ago, supplies from oil-rich…
‘Oil Cos Have Ramped Up Output By 25%’ NEW DELHI: Govt on Wednesday said oil companies have ramped up LPG output by 25%, helping bridge a part of the deficit due to deficient imports, and advised against panic buying as cylinders were being delivered in two-and-a-half days. India imports around 60% of LPG. “Feedback suggests…
The United States has initiated new investigations into what it views as unfair trade practices by numerous countries, potentially paving the way for penalties such as additional tariffs, as President Donald Trump looks for alternatives after duties he imposed were struck down by the Supreme Court.The investigation into excess industrial capacity is aimed at India…
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into strategic reserves to reduce prices amid Iran war.“Right now we’ll reduce it a little bit and that brings the prices down,”…
Main course dishes at the lawyers’ canteen at Delhi high court were taken off the menu for a while on Wednesday; roti became the first casualty at Hyderabad hostels and PGs; and employees at Infosys campuses in Pune, Chennai and Bengaluru were notified that they may have to forgo dosa cravings, as the LPG scarcity…
MUMBAI: Reliance Industries (RIL) will bankroll the first new oil refinery project in the US in 50 years, marking one of its biggest overseas bets and a return to the American energy market after four years.America First Refining (AFR), the startup developing the refinery at the Brownsville port in Texas, said it received a “nine-figure…
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