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China is freaking out over an 'open secret' that its cooking oil was ferried for years in chemical tanks that weren't cleaned
China is up in arms after state media discovered trucks interchangeably delivered soy oil and chemi…
Matthew Loh
Oil prices stabilise as Red Sea transport disruptions ease
Oil prices steadied after falling sharply in the previous session, as concerns eased about shipping…
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
"We have an oil crisis, a gas crisis and an electricity crisis simultaneously," the International E…
George Glover
State-run oil firms can now raise prices of kerosene and cooking gas every month
Prices of kerosene and cooking gas to rise every month
Global oil demand to return to pre-pandemic levels next year, although COVID hotspots will make the recovery uneven: IEA
The IEA said COVID will keep impacting demand due to continued outbreaks, unequal vaccination rates…
Sophie Kiderlin
Finance Ministry fixes kerosene subsidy at Rs 12 per litre
The ministry will pay state-owned fuel retailers Rs 1,300 crore cash and the same on LPG will be de…
The IEA warns global oil demand will shrink further in both 2020 and 2021, held up by gloomy air travel
The Paris-based agency said it expects global oil demand to fall by 8.1 million barrels a day year-…
Shalini Nagarajan
Non-subsidised LPG Cylinder Price Slashed By Rs 23.50
OMCs cut the price after reduction in international crude oil prices.
ISRO is considering using kerosene for semi-cryogenic engine
Presently, the fuel being used, which is a combination of liquid hydrogen and liquid oxygen, is …
Indian government will no longer pay out direct benefit transfer for cooking gas — subsidy eliminated as oil prices fall
As of September 1, the price of non-subsidised and subsidised 14.2 kg cooking gas is identical a…
Saudi Aramco sees profit dive 50% for the first half of the year, but keeps its $75 billion dividend payout intact
Aramco's decision to retain its dividend was influenced by hopes of a rebound in energy demand, as …
Shalini Nagarajan
After kerosene, government caps LPG subsidy at Rs 18 per kg
Likewise, there is an under-recovery or loss of Rs 167.18 on sale of every 14.2-kg subsidised LPG c…
Narendra Modi Government Likely To Hike LPG, Kerosene Prices
The government is looking to increase LPG pricing by Rs 5 per month per cylinder.
Oil cos say no LPG shortage at all, delivering at least 40% more fuel now
While IOC has released an ad on the DD with the chairman Sanjiv Singh himself assuring of uninterru…
PTI
India’s government is asking its largest oil company to sell fuel below global prices
The move is significant, and will reportedly cut fuel prices by around ₹2 a litre. ONGC accou…
Petrol and diesel prices down by more than Rs 2 per litre
Retail prices would be reduced as per state levies. 'The current level of internation…
No LPG subsidy if you earn more than Rs 10 lakhs p.a.
The government had earlier successfully implemented the PAHAL scheme, which transferred cooking gas…
Oil Is Close To A Peak
The biggest impact of declining demand could be geopolitical. Oil underpins Vladimir Putin’s klepto…
The Economist
It's a good day for oil marketing companies at Dalal street
Petrol and Diesel are already freely priced in India.