Saudi Arabia hikes Arab Light May OSP for Asia to record $19.50/bbl
Saudi Arabia has set the official selling price of May Arab Light crude oil to Asia at a record $19.50 a barrel above the Oman/Dubai average, an increase of $17 from the previous month, a pricing document reviewed by Reuters showed on Monday. The sharp jump comes at a time when Middle East oil has […]
Nuclear Power Corporation’s IPO expected this year
The Initial Public Offering of the public sector Nuclear Power Corporation of India Ltd (NPCIL), which has been in the offing for over 15 years, is expected to happen this year. The Department of Atomic Energy told a Parliamentary committee recently that Budget 2026-27 slashed equity support to NPCIL to ₹100 crore from ₹3,042 crore last […]
Five EU countries call for windfall tax on energy companies amid Iran war
EU says it is considering targeted crisis measures. | Photo Credit: YVES HERMAN Five European Union countries are calling for a windfall tax on energy companies’ profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday. The […]
Govt says fuel supplies sufficient despite war disruption, avoid panic buying
All refineries are operating at high capacity with adequate crude inventories, and petrol pumps across the country remain fully stocked, the oil ministry said. | Photo Credit: SHIVA SHARMA The government on Saturday urged citizens to avoid panic buying of petrol, diesel and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure […]
Iranian Oil cargo to India diverts to China amid payment dispute
An Aframax tanker loaded with around 600,000 barrels of Iranian crude oil from Kharg Island, which was on its way to Vadinar (Gujarat), has now changed course and is headed to China. This would have been the first Iranian crude cargo delivered to India, after May 2019. Amidst the West Asia conflict and subsequent oil […]
Oil prices surge while Asian share prices rise moderately
Oil prices continued to surge on worries of a prolonged Iran war, but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays. Benchmark US crude rose 11.4 per cent to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8 […]
India procures 6% more rice from farmers in 2025-26 kharif marketing season
The Indian government’s rice purchase for official reserves during the October 2025-March 2026 period or the kharif marketing season, was 463.06 lakh tonnes (lt), up by 6 per cent from 454.36 lt a year ago. The purchase rebounded in March rising by nearly 10 times, after falling 17 per cent during February. The all-India rice […]
Coal India misses FY26 annual production target by wide margin
Prayagraj, Mar 18 (ANI): A laborer tends to a pile of coal in Prayagraj on Wednesday. (ANI Photo) | Photo Credit: ANI Coal behemoth Coal India’s total coal production for the last financial year witnessed a 1.7 per cent year-on-year fall at 768.1 million tonnes (mt), missing the annual production target by a wide margin. […]
Stock Market Live Updates: Nifty holds above 22,800, IndiGo soars 8% as West Asia hopes fuel midday rally
concept of stock market exchange, graphic of bull and bear combined with candlestick | Photo Credit: Jackie Niam tock Market on 1 April 2026 | Share Market Updates – BSE Sensex was trading at 73,676.69, up 1,729.14 points or 2.40%, while the NSE Nifty 50 stood at 22,842.25, gaining 510.85 points or 2.29%. IndiGo’s parent […]
India set to receive first Iranian crude oil after seven years
India is set to receive its first consignment of crude oil from Iran—after almost seven years—an indication that the world’s third largest importer is making use of the 30-day window offered by the United States for buying Iranian oil “on water”. Global data and analytics provider Kpler’s Marine Traffic told businessline that an Aframax, Ping […]