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New Delhi, April 8 (SocialNews.XYZ) The International Energy Agency (IEA) on Wednesday praised India and Prime Minister Narendra Modi on the successful achievement of the first criticality of the 500 MWe Prototype Fast Breeder Reactor (PFBR), calling it an important technological milestone. In a post on X, the global energy body lauded Indian scientists and engineers for the achievement, which comes after years of development. The IEA said the reactor will use significantly less nuclear fuel c ...Read More >
NEW DELHI: Oil prices have been on the boil since the war between the US, Israel and Iran broke out on 28 February. To ease supply concerns and prices of over $100 per barrel, the Organization of Petroleum Exporting Countries (OPEC) and its allies including Russia, together known as OPEC+, agreed to increase production in May. Mint looks at how the proposed rise in output might impact global prices. With the blockade of the Strait of Hormuz, about 20% of global energy supplies from Gulf countri ...Read More >
Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting from April 6 to 8, according to a report by SBI Research. This will be the first policy review after the ongoing conflict involving the US, Israel, and Iran. Due to global uncertainty, the central bank is likely to act carefully and avoid major changes for now. Focus on Stability Measures The report suggests that RBI may explore "Operation Twist." This is a to ...Read More >
New Delhi (ABC Live): Iran is using the Strait of Hormuz as a weapon of war because it is the narrow point where geography, oil, shipping, diplomacy, and inflation meet. As ABC Live noted in its earlier explainer on whether the Iran war could trigger a wider global conflict, this war is no longer just about missiles and military strikes. It is also about economic pressure, energy routes, and the costs that can be imposed on the wider world. The Strait of Hormuz remains one of the world's most i ...Read More >
India's import of liquefied natural gas (LNG) from its largest supplier -- Qatar -- declined to its lowest on record in March 2026 as the West Asia conflict led to the closure of the Strait of Hormuz (SoH). Besides, Iran's attack on QatarEnergy's LNG facilities, in retaliation for attacks by the US and Israel, led to declaration of force majeure and production shutdowns early last month, further exacerbating India's natural gas imports, which account for roughly half of its consumption. India' ...Read More >
New Delhi [India], April 2 (ANI): The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have agreed to form a coordination group to maximize their institutions' response to the energy and economic impact of the war in the Middle East. According to a joint statement by the organizations, the decision followed an assessment of the significant disruptions currently affecting global markets. "The Middle East war has caused major disruptions to ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simult ...Read More >
India was turning green. Black was out, and so was an era of crude energy sources, even if refined adequately, and used as liquefied gas. Yet, the shine on coal, the black gold, has intensified in the past few weeks. Thanks to huge global shortages in crude oil, and gas, including LNG (liquefied natural gas), India, along with other nations, is re-focusing energy security. It demands a back-to-black tactics, and giving green a breather, even as the future of fossil fuels seems iffy. Black is in, ...Read More >
NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. T ...Read More >
Gold and silver prices fell as investors booked profits, despite geopolitical tensions and a softer US dollar. MCX gold dropped to Rs 1,62,452/10g and silver to Rs 2,73,150/kg, while crude oil eased below $90, easing inflation concerns New Delhi: Gold and silver prices eased on Wednesday as investors booked profits, though a softer US dollar and lingering geopolitical uncertainty capped the decline. MCX gold April futures lost 0.52 per cent to Rs 1,62,452 per 10 grams around 11.15 am on an intr ...Read More >
Hyderabad: Asserting that trade is not governed by any established set of rules, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said there is adequate crude oil supply in the international market and if one supply stream is disrupted there are alternative sources available. Speaking at an interactive session here, Puri said India ranks fourth globally in refining capacity, exporting refined products worth over USD 45 billion during last fiscal to 50-plus countries, a ...Read More >
The Indian Rupee weakened against the US Dollar today. Month-end import demand and higher global crude oil prices are impacting the currency. Investors are awaiting the Federal Reserve's policy decision for further direction. Meanwhile, Indian equity markets showed gains in early trade. Crude oil imports from the United States have seen a significant increase. The rupee depreciated 21 paise to 88.40 against the US dollar in early trade on Tuesday, weighed down by month-end dollar demand from im ...Read More >
New Delhi: Indian refiners are likely to ramp up crude oil purchases from the Middle East, Latin America and the US to compensate for reduced imports from Russia, following Washington's sanctions on two major Russian producers, sources and analysts said. The US government, on October 22, imposed sanctions on Russia's two largest crude oil producers, Rosneft and Lukoil, barring all American entities and individuals from conducting business with them. Non-US firms could also face penalties if fou ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
New Delhi: The transmission industry needs to move to committed partnership and capacity expansion to solve the issue of long supply waiting periods due to rising equipment demand, especially those of high-voltage transformers, Hitachi Energy CEO Andreas Schierenbeck told ET. Zurich-headquartered Hitachi Energy operates in India through its arm Hitachi Energy India and provides products ranging from power cooling systems to transformers, apart from its newly launched services and consulting ver ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
New Delhi, Aug 26 (PTI) India's wind energy capacity is estimated to reach 107 GW by 2030, compared to the government target of 100 GW, according to a report by the Global Wind Energy Council (GWEC) released on Tuesday. The latest report, Wind at the Core: Driving India's Green Ambitions and International Influence, was unveiled in the presence of New & Renewable Energy Secretary Santosh Kumar Sarangi. The report details how installed wind capacity in India can more than double from 51 GW at p ...Read More >
New Delhi [India], July 20 (ANI): The exemption of Flue Gas Desulphurization (FGD) systems for some coal-based power plants is a positive for thermal power producers, according to a report by CareEdge Ratings. The Ministry of Environment, Forest and Climate Change (MoEF), vide its notification dated July 11, 2025, has issued significant amendments to the Flue Gas Desulphurisation (FGD) norms, particularly concerning the sulphur dioxide emission standards for coal and lignite-based thermal power ...Read More >
'India should look to add an extra bowler' IMAGE: Ajinkya Rahane has a piece of advice for head coach Gautam Gambhir and captain Shubman Gill- play an extra bowler in the fourth Test at Old Trafford. Photograph: BCCI/X As India gear up for the fourth Test at Old Trafford, former captain Ajinkya Rahane has raised a tactical alarm: the team's all-rounder-heavy approach might be hurting their chances. His solution? A fourth specialist bowler -- even if it comes at the cost of batting depth. Now ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India's energy diplomacy is not only securing the country's future but is also helping to stabilise global energy markets. He pointed out in a post on X that India has expanded its oil sourcing from 27 to 40 countries and the country's "smart energy diplomacy - including buying from Russia - helped avoid $130+ per barrel oil shocks" in the global market. He also highlighted that Ind ...Read More >
New Delhi: The Indian stock market ended sharply lower on Friday, July 11, as worries about global trade and a weak start to the quarterly earnings season put pressure on investors. The Sensex dropped by 690 points, or 0.83 percent, closing at 82,500.47. The Nifty 50 also fell, losing 205 points, or 0.81 percent, to finish at 25,149.85. The market opened in the red, mainly because of growing trade tensions between the US and other countries. This negative mood got worse after IT giant TCS repor ...Read More >
New Delhi, Jul 8: India holds 8 per cent of the world's rare earth element reserves, which gives it the potential of playing a key role in the gradually evolving global supply landscape as China's current dominance is projected to decline, according to a CareEdge report released on Tuesday. While China currently plays a leading role in both mining and refining, its projected share is expected to decrease from 69 per cent to 51 per cent in mining and from 90 per cent to 76 per cent in refining b ...Read More >
The IEA reports weakened investment momentum in critical minerals in 2024, despite strong demand expectations. Exploration plateaued, and funding for startups slowed. Refined material production concentrated among top suppliers like Indonesia and China, increasing geographic concentration. Surging supply, particularly from these nations, drove down prices for battery metals, with lithium prices plummeting over 80% since 2023.Investment decisions in the global critical mineral sector face signifi ...Read More >
NEW DELHI: India's two major private-sector refiners, which have long prioritised exports, are turning to local sales, grabbing share in the country's fast-growing $150 billion fuel retail market as weaker global demand squeezes profit margins offshore. Reliance Industries and Nayara Energy are stepping up sales at home as fuel demand growth slows in developed markets and China, the world's second biggest oil consumer, with the transition to electric vehicles. The lower demand offshore combine ...Read More >
PNN New Delhi [India], December 12: In the 21st century, the world is going green in phases, and therefore using renewable sources of energy isn't going to harm the environment, but it's going to benefit your pocket. On average, the IEA has anticipated an increase of renewable energy sources' capacity by 75% from 2022 to 2027, spearheaded by solar and wind energy. Renewable energy investment is already at more than $50 billion annually in the United States. It is projected to climb even higher ...Read More >
(The views expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Nov 28 (Reuters) - Asia's imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but arrivals are still on track to be weaker this year than in 2023. The top crude-buying region is forecast to import 26.42 million barrels per day (bpd) in November, up marginally from October's 26.11 million bpd and 26.24 million bpd in September, according ...Read More >
New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity. The government will also support green steel with a public procurement ...Read More >
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