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G7 to release 100 million barrels of oil reserves through IEA
- The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
- Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers
G7 agrees to release 100 million barrels of oil and diesel from emergency reserves
- G7 countries agreed to release 100 million barrels of diesel and crude oil
- The release will come from emergency reserves
- More oil supply could ease fuel costs for Indian refiners and oil marketing companies
Europe agrees to release diesel stockpiles, sending oil prices down more than 4%
- European leaders agreed to release some diesel stockpiles on Friday
- Oil prices fell by more than 4%
- Lower oil prices can ease input costs for Indian fuel retailers, refiners and transport companies
Global food prices reach near four-year high in September amid supply disruptions
- The UN FAO said global food prices hit their highest level in nearly four years
- Trade disruptions and adverse weather drove the rise
- Higher food costs may pressure Indian food companies and complicate inflation trends for consumer businesses
In Graphics: How the cost of Iran war piled up
- India paid more for crude oil despite importing less as prices rose
- Higher import costs can pressure Indian oil marketing companies
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India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks
- Crude imports rose to a 2026 high of 5.26 million barrels per day in September
- Gulf supplies surged despite Strait of Hormuz risks
- Higher crude imports expose Indian refiners and fuel retailers to oil-price and currency swings
Hormuz LNG shipments reach post-war high in September, with reports differing on cargo count
- Business Standard and Economic Times report 19 cargoes; Times of India says 19 to 21
- Business Standard says 13 cargoes came from Qatar and six from the UAE
- More LNG flows may ease supply concerns for Indian gas buyers, including Petronet LNG
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Oil falls $2 as Europe agrees to release diesel reserves after Trump push
- Brent fell 1.76% to $100.50 a barrel after Europe agreed to release additional diesel stockpiles
- WTI dropped 2.18% to $90.85
- Lower crude prices can ease costs for Indian oil-marketing companies and fuel-intensive sectors
India auctions two maiden mineral blocks in J&K for estimated limestone
- India auctioned two maiden mineral blocks in Jammu & Kashmir for estimated limestone
- The Mines Ministry called the auction an important step towards unlocking Jammu & Kashmir’s mineral potential
- New limestone supply may benefit Indian cement producers and mining companies
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Mines ministry auctions 2 J&K limestone blocks to spur mineral development
- The Koot-Kapran and Wantrag blocks in Anantnag have estimated limestone resources of 4.75 million tonnes and 10.853 million tonnes, respectively
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UN warns fuel subsidies could exceed $1 trillion as Iran war raises energy costs
- UNDP said subsidies could top $1 trillion in 2026
- Governments have used price caps, subsidies and tax rebates as oil prices climbed
- Higher crude costs pressure Indian fuel retailers and government finances