Crude Oil News

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Russia Maintains Oil Output, Signals No Immediate OPEC+ Policy Changes

Russia has reaffirmed its commitment to maintaining steady crude oil supplies to global markets, while indicating that no new initiatives are currently being planned under the OPEC+ framework. Speaking during a routine media briefing, Kremlin spokesperson Dmitry Peskov emphasized that Moscow is continuing its efforts to support market balance amid ongoing global energy uncertainties. According […]

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India Must Explore Oil “At Any Cost”, Push for Energy Diversification: ONGC Chief

New Delhi, April 10, 2026: The head of Oil and Natural Gas Corporation (ONGC) has stressed the urgent need for India to aggressively pursue oil exploration while simultaneously diversifying its energy sources to ensure long-term energy security. Speaking on the country’s energy strategy, the ONGC chief asserted that India must continue exploring oil “at any […]

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Oil Prices Crash 14 Percent as Global Stocks Rally After US Iran Ceasefire

New York, April 8: Global oil prices witnessed a sharp decline while stock markets surged after the United States and Iran agreed to a temporary ceasefire that includes reopening of the strategically vital Strait of Hormuz. Crude oil prices dropped dramatically by around 14 percent, falling below the 100 dollar per barrel mark, marking one […]

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India Strengthens Energy Security Through Diversified Imports Says PM Modi To Parliament

New Delhi, March 23, 2026: Prime Minister Narendra Modi on Monday informed Parliament that India has significantly strengthened its energy security by diversifying import sources, reducing dependency on a limited set of countries and expanding procurement to 41 nations. Addressing the Lok Sabha during the ongoing Budget Session, the Prime Minister said India earlier imported […]

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Commercial LPG Cylinder Prices Slashed by ₹41 in Delhi

New Delhi : Oil marketing companies (OMCs) have announced a reduction in the prices of 19-kilogram commercial LPG cylinders across major cities in India, bringing much-needed relief to businesses, particularly those in the hospitality and food industries. The new pricing structure, which comes into effect from today, reflects a price cut of ₹41 per cylinder […]

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