News for 'OIL'

Has US Repeated Its Iraq Mistake?

Has US Repeated Its Iraq Mistake?

Rediff.com11 Mar 2026

Israel and the United States had a plan. Iran punched back. And now the Gulf is reeling, the world is beginning to feel the pain and, as on date, no one in Washington or Tel Aviv appears willing to admit that the punch has landed, notes Prem Panicker, continuing his must-read blog on the war in the Middle East.

Pakistan Assures Saudi Arabia of Support 'Before It Is Needed' Amid West Asia Conflict

Pakistan Assures Saudi Arabia of Support 'Before It Is Needed' Amid West Asia Conflict

Rediff.com11 Mar 2026

A senior Pakistani official has affirmed Pakistan's commitment to supporting Saudi Arabia, even before assistance is explicitly requested, amidst ongoing conflict in West Asia. This pledge underscores the close ties between the two nations and Pakistan's role in regional stability.

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

No shortage whatsoever of petrol, diesel, kerosene, assures govt in LS

Rediff.com12 Mar 2026

Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.

2 more Indian ships safely cross Strait of Hormuz

2 more Indian ships safely cross Strait of Hormuz

Rediff.com7 days ago

Two Indian ships carrying liquified petroleum gas (LPG) from the Gulf countries crossed the Strait of Hormuz early on Saturday morning, raising the number of Indian vessels safely passing through the war-hit, narrow shipping lane to three.

Stock Market Today: Sensex, Nifty suffer major meltdown as West Asia crisis intensifies

Stock Market Today: Sensex, Nifty suffer major meltdown as West Asia crisis intensifies

Rediff.com2 Mar 2026

Indian benchmark equity indices Sensex and Nifty experienced a significant crash in early trade, triggered by a sharp increase in crude oil prices and escalating tensions in the Middle East.

'Suddenly, LPG Supply Stopped On Sunday'

'Suddenly, LPG Supply Stopped On Sunday'

Rediff.com11 Mar 2026

'Nobody explained why. After that there was panic buying, there was hoarding -- and then nothing reached us.'

8 Delightful Recipes For Gudi Padwa

8 Delightful Recipes For Gudi Padwa

Rediff.com3 days ago

This Thursday, March 19 begins the Maharashtrian new year. Gudi Padwa is brought in with traditional rituals that revolve around a new kalash. There is rangoli too. And flowers. An a spectacular array of food.

Merchant navy captain from Ranchi dies near Strait of Hormuz

Merchant navy captain from Ranchi dies near Strait of Hormuz

Rediff.com1 days ago

The family of Captain Rakesh Ranjan, who died on a merchant vessel near the Strait of Hormuz, is seeking assistance from the Indian government to repatriate his body. They claim the ship was stranded due to the West Asia conflict and are urging authorities to expedite the process and ensure the release of his financial dues.

India reacts to US' 500% tariffs bill for buying Russian oil

India reacts to US' 500% tariffs bill for buying Russian oil

Rediff.com9 Jan 2026

India is closely monitoring developments related to a proposed American legislation that seeks to impose up to 500 per cent tariff on countries procuring Russian crude oil.

Will hit Iran 'twenty times harder' if...: Trump

Will hit Iran 'twenty times harder' if...: Trump

Rediff.com10 Mar 2026

United States President Donald Trump has issued a strong warning to Iran, asserting that any attempt to impede the transit of petroleum through the Strait of Hormuz would be met with massive military retaliation.

The Truth About Coconut Oil: 7 Facts

The Truth About Coconut Oil: 7 Facts

Rediff.com16 Dec 2025

Is coconut oil the wonder food it is said to be?

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Delhi Police Seize Hundreds of LPG Cylinders in Black Market Bust

Rediff.com5 days ago

Delhi Police have registered multiple FIRs and seized hundreds of LPG cylinders in a crackdown on illegal storage, refilling, and black marketing operations amid concerns of potential supply shortages.

Qatar declares force majeure, gas supplies to Indian industry cut

Qatar declares force majeure, gas supplies to Indian industry cut

Rediff.com3 Mar 2026

Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike -- a disruption that has led to a cut in supplies to Indian industry by up to 40 per cent, sources said.

'Ready to halt war if Iran changes course': Israel envoy

'Ready to halt war if Iran changes course': Israel envoy

Rediff.com5 days ago

Amid the ongoing conflict in West Asia, Israeli Ambassador to India, Reuven Azar, stated that Israel is willing to cease hostilities if Iran changes its course, emphasising that Tel Aviv has consulted diplomatic channels, including the US and regional partners.

Delhi Police Uncover Illegal LPG Cylinder Storage and Refilling Operations

Delhi Police Uncover Illegal LPG Cylinder Storage and Refilling Operations

Rediff.com5 days ago

Delhi Police have dismantled an illegal operation involving the storage of over 600 LPG cylinders and arrested an individual for illegally refilling gas cylinders, highlighting concerns over safety and black market activities.

Modi speaks to France, Oman, Malaysia leaders amid Gulf energy hub strikes

Modi speaks to France, Oman, Malaysia leaders amid Gulf energy hub strikes

Rediff.com2 days ago

Amidst escalating tensions in West Asia, India strongly condemns the recent attacks on energy infrastructure, warning of further destabilisation to the already uncertain global energy market.

Rupee slumps 69 paise to all-time low of 92.18/USD

Rupee slumps 69 paise to all-time low of 92.18/USD

Rediff.com4 Mar 2026

Rupee slumped 69 paise to an all-time low of 92.18 against the US dollar in early trade on Wednesday, as a sharp spike in crude oil prices amid geopolitical tensions following the escalation of the US-Iran conflict weighed on investor sentiment.

Iran war: Centre announces Rs 497 crore export relief package

Iran war: Centre announces Rs 497 crore export relief package

Rediff.com2 days ago

In view of the disruptive situations, the Central government has also announced a financial relief package of Rs 497 crores aimed at helping exporters affected by disruptions in West Asia.

Trump is a 'dictator' and Modi is his slave: Kharge

Trump is a 'dictator' and Modi is his slave: Kharge

Rediff.com8 Mar 2026

AICC President Mallikarjun Kharge criticised Prime Minister Narendra Modi's relationship with US President Donald Trump, alleging that Modi is acting as Trump's 'slave' and jeopardising India's interests on trade, oil and foreign policy.

10 Must-Try Mutton Dishes To Be Had During Ramzan

10 Must-Try Mutton Dishes To Be Had During Ramzan

Rediff.com6 days ago

Meat lovers all over India look forward to the holy month of Ramzan. It is the period when Indian meat traditions are celebrated.

We will determine end of war: Iran responds to Trump

We will determine end of war: Iran responds to Trump

Rediff.com10 Mar 2026

Iran has issued a defiant response to United States President Donald Trump's claims regarding the conclusion of hostilities, asserting that it alone will 'determine' the end of military actions against American and Israel targets.

Recipe: Chef Varun's Finger Millet Soup

Recipe: Chef Varun's Finger Millet Soup

Rediff.com2 Mar 2026

Millets add earthy richness to a soup, especially ragi.

Sensex jumps 938 pts, Nifty settles above 23,400 on bargain buying

Sensex jumps 938 pts, Nifty settles above 23,400 on bargain buying

Rediff.com5 days ago

Indian stock market benchmarks Sensex and Nifty rebounded by over 1% on Monday, driven by value-buying in banking stocks after a three-day slump. Key gainers included UltraTech Cement, HDFC Bank, and Mahindra & Mahindra.

F1 drops Bahrain, Saudi Arabia races over Middle East crisis

F1 drops Bahrain, Saudi Arabia races over Middle East crisis

Rediff.com7 days ago

Formula One has cancelled the Bahrain and Saudi Arabian Grands Prix scheduled for April due to escalating Middle East tensions, reducing the 2026 F1 calendar from 24 to 22 races.

Thai-flagged ship bound for India attacked in Strait of Hormuz

Thai-flagged ship bound for India attacked in Strait of Hormuz

Rediff.com11 Mar 2026

A Thai cargo vessel was struck by missiles near the Strait of Hormuz, leaving three crew members missing and prompting a rescue operation by the Royal Navy of Oman.

Aramco, OIL likely to pick up stake in BPCL's Andhra refinery

Aramco, OIL likely to pick up stake in BPCL's Andhra refinery

Rediff.com30 Dec 2025

State-owned Bharat Petroleum Corporation Ltd (BPCL) is willing to dilute a 30-40 per cent stake in its upcoming greenfield refinery in Andhra Pradesh, with Gulf energy major Saudi Aramco and upstream player Oil India Ltd (OIL) likely to join as partners, a senior BPCL executive said.

Israel strikes 200 targets, Iran warns of retaliation

Israel strikes 200 targets, Iran warns of retaliation

Rediff.com13 Mar 2026

The Israeli Air Force (IAF) said it struck several targets in Tehran, Shiraz and Ahvaz simultaneously over the past 24 hours, targeting sites linked to Iran's ballistic missile programme, air defence systems and military headquarters.

Middle East Crisis: The New Fog of War

Middle East Crisis: The New Fog of War

Rediff.com13 Mar 2026

When everyone has footage and no one can verify it, the loudest voice wins, notes Prem Panicker who begins a daily blog on the War in the Middle East.

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Iran War Burns India's Exporters: Stranded at Sea, Billed For A War They Never Started

Rediff.com2 days ago

'Every day the meter is ticking. Like a time bomb.' Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges -- on cargo that sailed before the war began -- as the Strait of Hormuz shuts down.

LPG Crisis Threatens Closure of Mumbai Hotels: What's Behind the Shortage?

LPG Crisis Threatens Closure of Mumbai Hotels: What's Behind the Shortage?

Rediff.com10 Mar 2026

Mumbai hotels and restaurants are facing potential closures due to a critical shortage of commercial LPG cylinders, with similar disruptions reported across India. The crisis stems from revised government priorities for domestically produced natural gas, impacting the hospitality sector and potentially affecting tourism.

Bihar Recipe: Archana's Alu-Mattar

Bihar Recipe: Archana's Alu-Mattar

Rediff.com5 Mar 2026

Try this delicately-spiced simple alu recipe from Bihar.

'Just reading statement without...': Oppn demands debate on Iran war

'Just reading statement without...': Oppn demands debate on Iran war

Rediff.com9 Mar 2026

Opposition parties are demanding a full Parliament discussion on the West Asia conflict, criticising the government's silence and calling for a contingency plan to protect India's energy security and citizens.

IndiGo to face pressure from fuel price spike: Moody's

IndiGo to face pressure from fuel price spike: Moody's

Rediff.com4 days ago

IndiGo airline will face near-term pressure on profitability from rising fuel prices following the escalation of conflict in West Asia, though it is likely to pass on higher costs to passengers over time because its ticket booking cycle is relatively short, according to a report by Moody's Ratings.

Maha: 'Boycott Muslims' video after Kerala Story show sparks row

Maha: 'Boycott Muslims' video after Kerala Story show sparks row

Rediff.com4 days ago

A video purportedly showing people pledging to boycott Muslims socially and economically after a screening of 'The Kerala Story' has sparked strong reactions in Vasai, Maharashtra. Police are investigating the video's authenticity, while politicians and social media users express concern over rising communal polarisation.

8 killed in house fire after explosion at EV charging point in Indore

8 killed in house fire after explosion at EV charging point in Indore

Rediff.com3 days ago

A fire in Indore, India, killed eight members of a family after an explosion at an electric vehicle (EV) charging point outside their house. The Madhya Pradesh government has ordered an investigation and plans to create a Standard Operating Procedure (SOP) for EV charging.

Gulf region braces for low-key Eid amid conflict, security concerns

Gulf region braces for low-key Eid amid conflict, security concerns

Rediff.com2 days ago

Citizens and residents across the Gulf region are preparing for Eid amidst regional conflict, impacting festivities and daily life.

Iran confirms killing of intelligence minister Khatib in Israeli strike

Iran confirms killing of intelligence minister Khatib in Israeli strike

Rediff.com3 days ago

The West Asia conflict escalated sharply as Iran launched missiles towards Israel, while Tehran confirmed the killing of its intelligence minister in Israeli strikes, marking the third assassination of a senior Iranian official in two days.

Stock markets today March 4, 2026: Sensex sinks 1,123 pts, Nifty dives 1.55%

Stock markets today March 4, 2026: Sensex sinks 1,123 pts, Nifty dives 1.55%

Rediff.com4 Mar 2026

Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday, tracking a bearish trend in Asian markets, as the conflict in West Asia widened, driving oil prices higher.

Three Indian seafarers killed, 1 missing in ongoing West Asia crisis

Three Indian seafarers killed, 1 missing in ongoing West Asia crisis

Rediff.com12 Mar 2026

The Indian government reports casualties among its seafarers due to the ongoing crisis in West Asia and outlines measures to ensure the safety and welfare of its maritime personnel.

Iran launches fresh strikes on US bases

Iran launches fresh strikes on US bases

Rediff.com7 Mar 2026

The IRGC said the barrage targeted several US military facilities in the region, including bases at Sheikh Isa in Bahrain, Juffair in Bahrain, Ali al-Salem in Kuwait and Al Azraq in Jordan.