Concerns over cooking gas availability amid the ongoing conflict in West Asia are prompting households to turn to electric kitchen appliances, triggering a sharp rise in demand for induction cooktops and electric kettles, industry executives said.Tata Group’s Croma has seen a strong spike in consumer interest in induction cooktops over the past few days, while…
India’s purchases of Russian crude have surged about 50% in March as refiners move to secure alternative supplies amid disruptions to shipments from the Middle East due to the widening military conflict. Ship-tracking data showed imports rising to around 1.5 million barrels per day this month from 1.04 million bpd in February. India–the world’s third-largest…
A coordinated global effort to stabilise volatile energy markets gathered pace on Wednesday after the International Energy Agency (IEA) agreed to release the largest volume of emergency oil reserves in its history amid escalating tensions in the Middle East.According to an AP report, the Paris-based agency will make 400 million barrels available from members’ strategic…
US stocks traded in a narrow range on Wednesday even as crude oil prices resumed their upward move amid continued uncertainty over the conflict with Iran, according to an Associated Press report. The S&P 500 edged up 0.1% in early trading after a period of sharp volatility driven by energy price swings, while the Dow…
The government on Wednesday said India’s crude oil supplies remain secure and urged consumers not to panic over LPG availability, noting that steps have been taken to ensure fair distribution amid geopolitical disruptions.Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas, said domestic LPG supplies are currently being…
Benchmark equity indices Sensex and Nifty ended nearly 2 per cent lower on Wednesday after a brief respite in the previous session, as a fresh surge in crude oil prices amid escalating tensions in West Asia weighed on investor sentiment. Continued foreign fund outflows and selling pressure in blue-chip banking stocks also pulled markets down,…
Gold prices traded with a mixed bias on Wednesday as futures slipped on the domestic bourse even as retail bullion rates in major cities edged higher. Market participants largely remained cautious amid mild profit-taking at elevated levels.As of 14:54, gold futures on the Multi Commodity Exchange (MCX) showed a softer trend. The April 2026 contract…
Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through…
Representative image NEW DELHI: Indian Railways has asked all its licensees to adopt alternate cooking methods such as microwave ovens and electric induction systems at railway food centres, following a reported cut in liquefied natural gas (LNG) supplies linked to the ongoing West Asia conflict.The directive applies to food plazas, refreshment rooms and Jan Aahar…
India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…
