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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
Event typePolicy
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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
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
China fuel export suspension to choke supplies in Asia
- China's oil-product export restrictions have affected importers in Southeast Asia and Australia
- Singapore has seen a significant drop in supplies
- Tighter regional fuel supply could lift costs for Indian oil refiners and fuel consumers
Trump plays with a critical lifeline that keeps global economy going
- A potential US diesel export ban could remove about 1.2 million barrels a day from global supply
- Tighter fuel markets could raise costs for Indian refiners and transport companies
Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash
- Macron plans a G7 leaders’ call on surging fuel prices as the US pressures allies to release diesel stocks
- Oil price swings affect Indian oil marketing companies and fuel consumers
