News for 'OIL'

New truncated gas allocation regime still faces a large LNG shortfall

New truncated gas allocation regime still faces a large LNG shortfall

Rediff.com1 days ago

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.

Trump seeks allies' help in Strait of Hormuz; Japan, Australia say NO

Trump seeks allies' help in Strait of Hormuz; Japan, Australia say NO

Rediff.com5 days ago

Amid escalating tensions with Iran, President Trump is urging nations dependent on Middle Eastern oil to deploy warships to the Strait of Hormuz to safeguard critical global energy supplies.

Markets extend losses on soaring crude prices, West Asia turmoil; Sensex tanks 800 pts

Markets extend losses on soaring crude prices, West Asia turmoil; Sensex tanks 800 pts

Rediff.com12 Mar 2026

Indian benchmark equity indices experienced a significant downturn, with the Sensex plummeting over 800 points and the Nifty falling sharply, driven by rising crude oil prices, geopolitical tensions, and foreign capital outflows.

Assam Becomes First State To Enter Oil Production

Assam Becomes First State To Enter Oil Production

Rediff.com9 Jan 2026

Assam has become the first state in India to directly venture into oil production, following the discovery of hydrocarbons at the Namrup-Borhat block.

Recipe: Ruchira's Stuffed Shimla Mirch

Recipe: Ruchira's Stuffed Shimla Mirch

Rediff.com4 days ago

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

Petrol Prices Stay Put For Now

Petrol Prices Stay Put For Now

Rediff.com10 Mar 2026

If the conflict continues for a prolonged period, State-run oil companies may have to review retail fuel prices accordingly.

Rupee hits record intra-day low in early trade, falls 12 paise/USD

Rupee hits record intra-day low in early trade, falls 12 paise/USD

Rediff.com13 Mar 2026

The Indian rupee fell to a record low against the US dollar due to rising crude oil prices, foreign institutional investor selling, and weak domestic equity market sentiment.

Gudi Padwa Recipe: Roopa's Zunka

Gudi Padwa Recipe: Roopa's Zunka

Rediff.com3 days ago

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

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Markets Crash Nearly 2%: BSE Sensex tumbled 1,342 pts; NSE Sinks Below 24K

Rediff.com11 Mar 2026

Indian stock market indices Sensex and Nifty experienced a significant decline, driven by rising crude oil prices, sustained foreign fund outflows, and selling pressure in major bank stocks.

Stock Markets Today March 9, 2026: Sensex crashed 2346 points

Stock Markets Today March 9, 2026: Sensex crashed 2346 points

Rediff.com9 Mar 2026

Indian stock market benchmark indices Sensex and Nifty experienced a significant drop in early trade due to rising crude oil prices, bearish global market trends, and continuous foreign fund outflows.

India Should Have Been Better Prepared For Gulf War

India Should Have Been Better Prepared For Gulf War

Rediff.com4 days ago

'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.

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.com6 days ago

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.

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.com7 days ago

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.com7 days ago

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).

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.

Iran fires missiles at US-UK base 4,000 km away in Indian Ocean Region

Iran fires missiles at US-UK base 4,000 km away in Indian Ocean Region

Rediff.com10 hours ago

Amid rising tensions, Iran reportedly launched ballistic missiles toward a US-UK military base, prompting concerns about regional stability and the potential for escalating conflict in the Middle East.

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

Rediff.com5 days ago

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.

Iran launches 5 multi-warhead missiles, hits Tel Aviv

Iran launches 5 multi-warhead missiles, hits Tel Aviv

Rediff.com1 days ago

After the Israeli attack on Iran's South Pars Gas Field on Wednesday night, in retaliation, Iran struck Qatar's Ras Laffan Industrial City, resulting in extensive damage, as per the country's Ministry of Defence.

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.

US seizes Venezuela-linked Russian-flagged oil tanker

US seizes Venezuela-linked Russian-flagged oil tanker

Rediff.com7 Jan 2026

According to a post on X by the US European Command, the tanker violated US sanctions and was tracked by the US Coast Guard cutter Munro prior to the operation.

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.

Trump urges countries to send warships to open Hormuz Strait

Trump urges countries to send warships to open Hormuz Strait

Rediff.com7 days ago

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

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.

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com2 days ago

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

RIL denies report on Russia oil purchase

RIL denies report on Russia oil purchase

Rediff.com7 Jan 2026

Shares of Reliance Industries Limited (RIL) tumbled on Tuesday, posting its biggest single-day decline in 19 months, amid controversy over its purchase of Russian oil and profit-booking after recent gains.

Delhi Man Nabbed for Manufacturing and Storing Fake Auto Parts

Delhi Man Nabbed for Manufacturing and Storing Fake Auto Parts

Rediff.com6 days ago

Delhi Police have arrested a 33-year-old man for allegedly manufacturing and storing counterfeit automobile parts and packaging materials in a godown in west Delhi.

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.

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.

Gulf War: How To Manage Investments, Household Budget

Gulf War: How To Manage Investments, Household Budget

Rediff.com4 days ago

Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'

Middle East War: Why Strait Of Hormuz Is Iran's Trump Card

Middle East War: Why Strait Of Hormuz Is Iran's Trump Card

Rediff.com5 days ago

If the oil infrastructure is attacked by the United States, the whole area could be flooded with oil, spilling into the Persian Gulf.

Silver sinks Rs 17,800/kg, gold dives Rs 7K on global selloff

Silver sinks Rs 17,800/kg, gold dives Rs 7K on global selloff

Rediff.com2 days ago

Gold and silver prices experienced a significant drop in the national capital due to a global selloff driven by inflation concerns, central bank policies, and geopolitical tensions.

Recipe: Chef Varun's Ragi Veggie Galettes

Recipe: Chef Varun's Ragi Veggie Galettes

Rediff.com10 Mar 2026

Chef Varun Inamdar creates tasty little baby vegetable cakes or galettes from ragi or finger millets.

Iran vows to hit tourist destinations 'beyond' West Asia

Iran vows to hit tourist destinations 'beyond' West Asia

Rediff.com8 hours ago

The threat has raised concerns about possible asymmetric attacks outside the region. Iran has also stepped up attacks on energy infrastructure in Gulf countries.

Trump backs bill to 'punish' countries buying Russian oil

Trump backs bill to 'punish' countries buying Russian oil

Rediff.com8 Jan 2026

United States President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow.

Stock Market Today March 9, 2026: Sensex tanks 1,353 points

Stock Market Today March 9, 2026: Sensex tanks 1,353 points

Rediff.com9 Mar 2026

Indian equity markets experienced a significant downturn, with the Sensex and Nifty plummeting due to rising crude oil prices, geopolitical tensions in West Asia, and continuous foreign fund outflows.

India Suffers While China, EU Buy Russian Oil

India Suffers While China, EU Buy Russian Oil

Rediff.com7 Jan 2026

India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.

Eid Recipe: Reshma's Quick And Easy Mutton Biryani

Eid Recipe: Reshma's Quick And Easy Mutton Biryani

Rediff.com14 hours ago

A celebration of Eid isn't over till the last morsel of that special, home-cooked Mutton Biryani has been had.

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Iran Has Not Allowed Any Indian Ship To Pass Through Strait Of Hormuz

Rediff.com13 Mar 2026

24 Indian-flagged vessels with 677 Indian seafarers were currently located west of the Strait of Hormuz, and four vessels with 101 Indian seafarers were stationed east of the strategic waterway.

Govt bars LPG for households with piped gas connections

Govt bars LPG for households with piped gas connections

Rediff.com6 days ago

India restricts subsidised LPG connections for households with piped natural gas (PNG) to ensure equitable distribution and address global energy supply concerns, pushing for faster PNG adoption.

Ramping up domestic LPG production to ensure supply: Sitharaman

Ramping up domestic LPG production to ensure supply: Sitharaman

Rediff.com4 days ago

Finance Minister Nirmala Sitharaman announces increased domestic LPG production to offset import disruptions caused by Middle East tensions, alongside assurances of fertiliser availability and the clearing of UPA-era oil bonds.