No shortage of crude oil in the country: Hardeep Sigh Puri

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said oil companies will fix the fuel prices. He said that in the wake of Russi-Ukraine war, there is no scarcity of crude oil in the country. Puri, however, said the government will take decisions in the best interest of citizens. ”I assure you all

Spike in oil prices may not be good for energy transition

Currently, oil prices have touched more than $100 a barrel, moreover Russia’s war in Ukraine accentuating the risk of relying on fossil fuel. It seems to be a great time to accelerate the transition away from the polluting fuel. But, the reality isn’t so simple. Public support for climate action has attained greater attention across

India may draw on oil reserves to soften prices

India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia’s invasion of Ukraine will disrupt global supplies. The government is closely monitoring international energy markets as well as potential supply disruptions, the oil ministry said on Saturday. “India is also committed to supporting initiatives for releases from

Seasonal weakness could take some heat out of oil prices

Oil prices are expected to stabilise near current levels over the next few months, then decline progressively over the course of next year, according to the latest forecasts from the US Energy Information Administration. The EIA expects output increases from OPEC+, US shale firms and other oil producers will outpace slowing growth in consumption, helping