Economic Times
Union Minister Hardeep Singh Puri discussed the global oil market's volatility and its impact on global energy supply stability. Puri emphasized the n
Hindustan Petroleum Corp. Ltd (HPCL) plans to establish an international oil trading desk as part of its Visakh Refinery Modernisation Project. The mo
The International Monetary Fund on Tuesday described an "adverse scenario" in which an escalation of conflict in the Middle East would lead to a 15% j
India's crude oil imports declined by 16% in the fiscal year ending March 31 due to lower global rates, but import dependency hit a new high at 87.7%.
India's power consumption surged by nearly 10% to 70.66 billion units in the first half of April, indicating economic growth and changing consumption
GAIL plans to increase Dabhol LNG terminal capacity to 12 mtpa by 2030 to meet rising gas demand. The government aims for 15% natural gas share by 203
The government had previously raised the windfall tax on petroleum crude to 6,800 rupees per metric ton from 4,900 rupees on April 4.
The government on Saturday directed all gas-based power plants to operate in May and June amid an anticipated increase in demand during the summer mon
India's government has ordered all gas-based power generating stations to operationalize their plants from May 1 to June 30 due to a potential prolong
India has extended a mandate for imported coal-based power plants to operate at full capacity until October 15, in response to anticipated high demand
The move will give a chance for a better valuation for the 1,800-MW project, which saw interest from the likes of Adani Power, Jindal Power and Vedant
Rising oil prices pose inflation risks for India, with a $10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especial
GAIL chairman Sandeep Kumar Gupta said the government should mandate the use of natural gas in refineries and steel making, and make emissions a facto
DIPAM declined the debt resolution plan for KSK Mahanadi Power project by PFC and REC. NCLT paused sale in June 2022. Interested companies were NTPC L
The CBI has registered an FIR against two HPCL assistant managers for allegedly pilfering 642 kilo litres of petroleum products worth Rs 5.82 crore be
In February, China and India remained primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports, as they sought alternatives
Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petr
GAIL, an Indian gas utility, faced supply disruption due to sanctions imposed by Moscow on SEFE, a former unit of Russian energy giant Gazprom. GAIL f
The share of Russian oil in India's total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa. Dur
By 2032, NTPC is looking to expand its non-fossil-based capacity to 45-50 per cent of the company's portfolio that will include 60 GW RE capacity with
