“Amid reports of LPG carriers being stranded in the Strait of Hormuz, ensuring safe passage for LPG cargoes bound for Indian shores remains critical, especially given the Iran government’s indication that non-US and non-Israeli vessels will be permitted transit and the strength of India-Iran diplomatic engagement. However, as the route continues to pass through an…
Ministry of Petroleum & Natural Gas Hardeep Singh Puri said in the Lok Sabha on Thursday that there is “no shortage of petrol, diesel, kerosene, ATF or fuel oil” in the country. Amid reports of LPG shortage, the oil minister also listed measures taken by the government to ensure LPG production and availability. Hardeep Singh…
(Bloomberg) — A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below levels seen in previous crises. But a growing chorus of energy executives and traders is warning that every day that war rages on brings the world closer to a tipping point — with several…
