Crude Oil Production
Frequent oil draws from U.S. strategic reserve push old system to breaking point
Fracturing wells, leaky pumps and other wear-and-tear are straining the Gulf Coast salt caverns that make up the reserve.
4 min read13 Jul 2026ONGC share price jumps 6.5%, Oil India rallies 9% after govt slashes oil and gas royalty rates
ONGC share price rose 6.5% on May 12 after the government lowered royalty rates for crude oil and natural gas production, aiming to enhance domestic exploration. Offshore crude royalties decreased from 9.09% to 8%, and natural gas rates fell from 10% to 8%.
3 min read12 May 2026US Iran War Highlights: Iran's Abbas Araghchi calls his Pakistan visit ‘successful’, says ‘We held good consultations’
US Iran War Highlights: Abbas Araghchi said upon arriving in Russia on Monday that his recent trip to Islamabad had been “very productive,” involving constructive discussions with Pakistan’s top leadership, as uncertainty continues over the second round of peace talks on the West Asia conflict.
20 min read2 May 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 2026Wait for it…
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