Amid US-Iran war, Nayara plans 35-day shutdown for maintenance; 8% of India’s refining capacity may take a hit

The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…

Read More

‘Adequate stock available’: Govt issues clarification on LPG refill booking timeline amid confusion

The government on Wednesday dismissed reports suggesting a change in LPG refill booking timelines, stating that the information being shared is incorrect and misleading. The Centre reaffirmed that the existing timelines “remain unchanged and continue to” function under the current time limit.The ministry of petroleum & natural gas clarified that reports circulating on social media…

Read More

$20 billion bet: ONGC eyes its oil exploration programme with deep-water drilling rigs; eye on energy security

ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…

Read More

Gold, Silver Rate Today Live Updates: Gold prices rise 2% as worries on US-Iran war ease; what should investors do?

Spot gold, which had declined for nine consecutive sessions, is now stabilising at around USD 4,420 per ounce in international markets, supported by cautious optimism surrounding the Iran conflict, said Praveen Singh, Head of Commodities at Mirae Asset ShareKhan. He noted that US President Donald Trump had announced a five-day pause on strikes targeting energy…

Read More