News for 'OIL'

Trump, Putin discuss Iran crisis as Hormuz disruption jolts global energy

Trump, Putin discuss Iran crisis as Hormuz disruption jolts global energy

Rediff.com10 Mar 2026

US President Donald Trump and Russian President Vladimir Putin discussed the Iran conflict and its impact on global energy supplies during a phone call.

India flags maritime security, energy concerns at UK-led West Asia meet

India flags maritime security, energy concerns at UK-led West Asia meet

Rediff.com2 Apr 2026

India's foreign secretary Vikram Misri on Thursday participated in a high-level meeting hosted by the United Kingdom on the evolving situation in West Asia, underlining concerns over maritime security, energy supply disruptions and the need for diplomatic de-escalation.

New truncated gas allocation regime still faces a large LNG shortfall

New truncated gas allocation regime still faces a large LNG shortfall

Rediff.com20 Mar 2026

India's plans to ration the consumption of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) - in response to reduction in their import owing to war in West Asia - may fall short of what is needed to meet domestic needs.

BPCL Customers Face Charges Over Misappropriated Funds

BPCL Customers Face Charges Over Misappropriated Funds

Rediff.com2 Apr 2026

Seven customers of Bharat Petroleum Corporation Limited (BPCL) in Indore have been booked for allegedly misappropriating over Rs 5.7 crore that was wrongly deposited into their digital wallets. Police are investigating how Rs 129.55 crore was incorrectly credited to around 1,000 BPCL 'Smart Fleet' customers.

Iran War: Trump Is Notoriously Prone To Mood Swings

Iran War: Trump Is Notoriously Prone To Mood Swings

Rediff.com13 Apr 2026

Chaffing under public ridicule in the US as well as internationally for having 'lost' the war, Trump is under immense pressure to do something, cautions Ambassador M K Bhadrakumar.

US, Iran explore 45-day ceasefire as mediators push for deal

US, Iran explore 45-day ceasefire as mediators push for deal

Rediff.com6 Apr 2026

The United States and Iran, with regional mediators, are reportedly discussing a potential 45-day ceasefire to prevent further escalation of conflict, including strikes on Iranian infrastructure and retaliation against Gulf states' facilities.

Russia refuses to disclose data on crude export to India

Russia refuses to disclose data on crude export to India

Rediff.com7 Mar 2026

The Kremlin has announced it will not disclose data on crude oil exports to India, citing concerns about 'ill-wishers'. This decision follows reports of increased Russian oil supplies to India and China amid geopolitical tensions.

Recipe: Ruchira's Stuffed Shimla Mirch

Recipe: Ruchira's Stuffed Shimla Mirch

Rediff.com17 Mar 2026

Jazz up green bell peppersto make a special accompaniment to your rotis or bhakri or bhaath.

Gulf War: Time India Distances Itself From Israel

Gulf War: Time India Distances Itself From Israel

Rediff.com31 Mar 2026

It may now be time to question the price India is paying for Israel's disregard of the serious undermining of India's energy security, asserts former foreign secretary Shyam Saran.

How An Indian Sailor Survived The Strait Of Hormuz

How An Indian Sailor Survived The Strait Of Hormuz

Rediff.com14 Apr 2026

'We kept our bags packed, ready to jump into the sea. Many times, I felt it could be my last day.'

Evacuate Now! Iran Warns Civilians in Neighbouring Gulf Countries

Evacuate Now! Iran Warns Civilians in Neighbouring Gulf Countries

Rediff.com27 Mar 2026

The IRGC accused US and Israeli forces of using civilians as 'human shields' and warned of continued attacks.

You're negotiating with yourself: Iranian military mocks Trump

You're negotiating with yourself: Iranian military mocks Trump

Rediff.com25 Mar 2026

Iranian military spokesperson said that stability in the region would be ensured only by the strength of Iran's armed forces and warned that energy and oil markets would not return to previous levels unless this reality was acknowledged.

Middle East conflict: No fuel price hike for now despite crude spike

Middle East conflict: No fuel price hike for now despite crude spike

Rediff.com9 Mar 2026

Despite international crude oil rates crossing USD 100 per barrel due to Middle East tensions, the Indian government plans to maintain current petrol and diesel prices, ensuring uninterrupted fuel supply across the country.

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

India commissions nuclear submarine INS Aridaman, indigenous stealth frigate INS Taragiri

Rediff.com3 Apr 2026

India has commissioned its new indigenously-built nuclear-powered ballistic missile submarine INS Aridaman into service, further strengthening the naval component of its nuclear triad. Defence Minister Rajnath Singh also highlighted the Indian Navy's role in securing maritime trade routes.

West Asia crisis: Stocks suffer worst week in years, echoing Covid chaos

West Asia crisis: Stocks suffer worst week in years, echoing Covid chaos

Rediff.com14 Mar 2026

Benchmark indices tumbled about 2 per cent on Friday, capping one of the most turbulent weeks for domestic equities as investors fretted that the West Asian conflict could drag on for weeks or even months.

What Can We Do To Minimise The LPG Misery?

What Can We Do To Minimise The LPG Misery?

Rediff.com14 Mar 2026

Let us start with ourselves. If we can reduce our LPG consumption by half, the problem is solved. Reduce wastage. Alter eating styles. Diversify methods of food preparation, suggests Vice Admiral Biswajit Dasgupta (retd).

India's Services Sector Growth Eases to 14-Month Low

India's Services Sector Growth Eases to 14-Month Low

Rediff.com6 Apr 2026

India's services sector growth slowed in March, reaching a 14-month low, according to the HSBC India Services PMI. The slowdown reflects weaker new business intakes and rising input costs, particularly in fuel, transport, and logistics.

FPIs sell-off continues; pull out Rs 52,704 cr last fortnight amid West Asia conflict

FPIs sell-off continues; pull out Rs 52,704 cr last fortnight amid West Asia conflict

Rediff.com15 Mar 2026

Foreign portfolio investors (FPIs) withdrew a substantial amount from Indian equities in the first half of March, driven by geopolitical tensions, rupee depreciation, and concerns about crude oil prices.

Gudi Padwa Recipe: Roopa's Zunka

Gudi Padwa Recipe: Roopa's Zunka

Rediff.com18 Mar 2026

Zunka is festive, quick to rustle up and possesses a homey yumminess. Serve it with bhakris.

Stock markets on March 10, 2026: Sensex jumped 640 points

Stock markets on March 10, 2026: Sensex jumped 640 points

Rediff.com10 Mar 2026

Indian stock market benchmarks Sensex and Nifty rebounded strongly after a two-day decline, driven by falling crude oil prices and positive global cues amid hopes of de-escalation in the Middle East.

Iran hits Israel's Haifa shortly after Trump says its missile program curtailed

Iran hits Israel's Haifa shortly after Trump says its missile program curtailed

Rediff.com2 Apr 2026

The Israel Defence Forces (IDF) confirmed the missile launches in a statement on Telegram, noting that defensive systems were actively operating to intercept the threat.

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rights Issues Surge to Multi-Decade High as QIPs Plummet in FY26 Amid Market Volatility

Rediff.com6 Apr 2026

Financial year 2025-26 (FY26) saw a significant shift in corporate fundraising, with rights issues more than doubling to a multi-decade high of 51, raising 44,290 crore, while qualified institutional placements (QIPs) more than halved to 29 issues, mobilising 62,954 crore, driven by sharp equity market corrections and regulatory changes.

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Sri Lanka Private Bus Operators Threaten Strike Over Fuel Price Surge

Rediff.com22 Mar 2026

Private bus operators in Sri Lanka warn of potential service disruptions and a nationwide strike due to significant fuel price increases, impacting public transport and raising concerns about inflation.

'Strait of Hormuz closed to Iran's enemies only'

'Strait of Hormuz closed to Iran's enemies only'

Rediff.com22 Mar 2026

Ali Mousavi stated that such cooperation is essential for maintaining stability in the strategic waterway.

Islamabad Talks: Look Out For Mohammad-Bagher Ghalibaf

Islamabad Talks: Look Out For Mohammad-Bagher Ghalibaf

Rediff.com11 Apr 2026

Trump seems to have estimated that Ghalibaf is a pragmatic politician who is receptive to close relations with the US and is enthusiastic about fostering business and economic ties in particular, points out Ambassador M K Bhadrakumar.

India Should Have Been Better Prepared For Gulf War

India Should Have Been Better Prepared For Gulf War

Rediff.com17 Mar 2026

'Our diplomacy should have been focused on preventing war and avoiding the inevitable disruptions it would cause, posing a real risk to India's growth story,' asserts former foreign secretary Shyam Saran.

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

West Asia crisis: Modi asks Indians to 'be ready for every eventuality'

Rediff.com25 Mar 2026

Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.

Jain Recipes: Kele Appe, Pav Bhaji, Mango Sevaiya Custard

Jain Recipes: Kele Appe, Pav Bhaji, Mango Sevaiya Custard

Rediff.com31 Mar 2026

Jain food is light on the stomach and uses no potatoes, onions or garlic. Try these green banana specials. And a mango custard.

West Asia conflict: Family of Indian victim moves HC against MEA

West Asia conflict: Family of Indian victim moves HC against MEA

Rediff.com3 Apr 2026

The family of Dixit Solanki, an Indian seafarer killed in a suspected attack on a merchant vessel off the coast of Oman, has filed a petition in the Bombay High Court seeking the return of his mortal remains.

'They sought time': Trump extends pause on Iran strikes for 10 days

'They sought time': Trump extends pause on Iran strikes for 10 days

Rediff.com27 Mar 2026

In a post on Truth Social, Trump said the decision followed a request from the Iranian government and added that talks between the two sides were 'going very well'.

Airspace curbs hit Indian aviation, 10,000 flights cancelled since Feb

Airspace curbs hit Indian aviation, 10,000 flights cancelled since Feb

Rediff.com7 Apr 2026

Indian carriers have cancelled over 10,000 flights since the onset of the West Asia conflict, as escalating tensions and airspace restrictions disrupted international operations, a senior government official said.

Iran blames US amid intensifying energy crisis

Iran blames US amid intensifying energy crisis

Rediff.com11 Mar 2026

Iran has blamed the US for disruptions in oil and gas shipping through the Strait of Hormuz, citing 'destabilising actions' as the cause amid the ongoing West Asia conflict and rising energy prices.

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Rediff.com16 Mar 2026

India's merchandise exports experienced a slight decrease in February, while imports surged due to increased gold and silver purchases, leading to a widened trade deficit. The West Asia crisis is expected to further impact trade in the coming months.

War In The Strait Of Hormuz Has Landed On A Tawa In Mumbai

War In The Strait Of Hormuz Has Landed On A Tawa In Mumbai

Rediff.com2 Apr 2026

The LPG squeeze on India's restaurant sector is the quotidian face of a deeper crisis.

Talking with 'a top person' in Iran, not new supreme leader: Trump

Talking with 'a top person' in Iran, not new supreme leader: Trump

Rediff.com23 Mar 2026

The US President clarified that these negotiations do not involve the new Supreme Leader, Mojtaba Khamenei.

Trump urges countries to send warships to open Hormuz Strait

Trump urges countries to send warships to open Hormuz Strait

Rediff.com14 Mar 2026

Trump also called upon China, France, and Japan, among others, to send ships to the Strait of Hormuz.

Earnings upgrade to downgrade ratio improved after Q3

Earnings upgrade to downgrade ratio improved after Q3

Rediff.com3 Apr 2026

There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth.

West Asia crisis: Govt mulls more relief packages for vulnerable sectors

West Asia crisis: Govt mulls more relief packages for vulnerable sectors

Rediff.com29 Mar 2026

The Indian government is considering additional relief packages for vulnerable sectors like MSMEs to mitigate the impact of the ongoing West Asia crisis on the economy and inflation.

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Government Boosts Kerosene Supply as LPG Alternative Amid West Asia Tensions

Rediff.com12 Mar 2026

The Indian government has allocated an additional 40,000 kilolitres of kerosene to states as an alternative fuel to LPG, amid the ongoing crisis in West Asia. The government assures a comfortable crude oil supply situation in the country.

West Asia War: Rs 48.29 Lakh Crore Investor Wealth Wiped Out Since Conflict Began

West Asia War: Rs 48.29 Lakh Crore Investor Wealth Wiped Out Since Conflict Began

Rediff.com23 Mar 2026

Indian investors have seen their wealth erode by a staggering Rs 48.29 lakh crore since the West Asia war began on February 28, leading to a significant downturn in the BSE Sensex and NSE Nifty, driven by geopolitical tensions and rising crude oil prices.