Crude Oil Production
Iran blockade: ‘China can send their ships to us’, Trump pitches US oil exports as global energy crisis deepens
Donald Trump wants China to send tankers to the US amid the Iran blockade. With 20 million barrels per day halted at the Strait of Hormuz, can American oil fill the gap?
3 min read13 Apr 2026Core sector growth slows to 2.3% in February from 4.7% in Jan
On a cumulative basis, core sector growth during April–February stood at 2.5% over a year earlier, reflecting a sharp divergence between infrastructure-driven sectors and energy extraction segments.
2 min read20 Mar 2026The critical energy assets hit in the Gulf
Refineries, gas plants and other types of infrastructure have been struck, worsening an oil-and-gas crisis.
3 min read20 Mar 2026Centre prioritizes domestic LPG supply as oil price surge raises supply risks
India has taken decisive steps to prioritize household LPG access amid escalating tensions in West Asia that threaten fuel supplies. With the introduction of a 25-day lock-in period for cylinder bookings, the government aims to curb hoarding and ensure domestic consumers are prioritized.
6 min read9 Mar 2026Core sector growth eases to 4% in January on lower oil and gas output
Weakness in crude oil and natural gas offset gains from the construction-linked segments in January.
3 min read20 Feb 2026U.S. must control Venezuela’s oil sales indefinitely to rebuild economy, energy secretary says
The OPEC member nation sits atop the world's largest oil reserves but accounts for only about 1% of global supply after decades of underinvestment eroded production.
3 min read8 Jan 2026Indian oil shares swing as Venezuela crisis raises fears of crude supply shocks
Oil stocks have been volatile as the market seems to be pricing in a spike in crude prices owing to prolonged uncertainty and possible supply-chain disruption. However, the lifting of US sanctions on Venezuela and the formation of a pro-US government there could raise supplies significantly.
2 min read7 Jan 2026Oil prices slip amid expectations of increased Venezuelan production, likely to remain volatile, say experts
Brent crude futures slipped 0.2% to $61.62 per barrel by 0103 GMT, while U.S. West Texas Intermediate fell 0.3% to $58.15 per barrel.
2 min read6 Jan 2026Venezuela, Iran could further pressure oil prices in 2026
Even before the latest developments in Caracas and Tehran, forecasts pointed to an oversupply of crude this year.
2 min read4 Jan 2026IEA lifts global oil supply forecast, signaling bigger surplus ahead
Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than three times faster than demand, the International Energy Agency said.
2 min read13 Aug 2025Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.