As per the reports, Aegis Logistics (ALL), India’s largest privately owned liquid logistics company in West Asia, is in advanced discussions to acquire Tristar, a West Asia based liquid logistics company, in a deal valuing the target at about USD 1.5 bn. ALL has supposedly begun talks with a group of European and Indian private … Read more
Indian basket crude prices returned to pre-conflict levels Wednesday, with the basket priced at $70.71 per barrel, reducing the import bill, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. The Indian basket of crude oil is a derived basket comprising the sweet grade of Brent Dated and the … Read more
Reliance Industries‘ 49th annual general meeting (AGM) on Friday will be in sharp focus as investors await updates on the group’s strategic roadmap, including the timeline for the much-anticipated Jio Platforms IPO, retail growth plans, and developments in its new energy business. During the last AGM held in 2025, the company unveiled a series of … Read more
The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal, one of the world’s most important oil routes is set to reopen, releasing millions of barrels of crude that had been stuck inside … Read more
Making its energy security mandate clear, India has said that it is buying crude oil from Russia irrespective of a sanctions waiver by the US. The statement from Sujata Sharma, joint secretary in the petroleum ministry comes days after a Bloomberg report said that India has sought an extension of sanctions waiver from the US … Read more
The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and greater domestic … Read more
The United States of America, which is the largest producer of oil, holds the second largest strategic oil reserves, followed by Japan. (AI image) Did you know that China holds the largest strategic oil reserves in the world? Amid ongoing disruptions due to the US-Iran war and blockade of the Strait of Hormuz, this fact … Read more
Russia has offered to increase its supply of crude oil and liquefied natural gas (LNG) to India as the ongoing Middle East crisis adds volatility to the global energy market, reported PTI citing officials familiar with the discussions. The energy cooperation formed a key part of talks on Thursday between Russia’s first deputy prime minister … Read more