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OPEC+ on Sunday agreed to increase oil production quotas for the second consecutive month, while cautioning that damage to energy infrastructure amid ongoing conflicts could disrupt global supplies for an extended period, AFP reported.The oil cartel decided to raise output quotas by 206,000 barrels per day (bpd) from May, with key producers including Russia, Saudi…
OPEC+ may approve an oil output increase at its meeting on Sunday, though the move is expected to remain largely symbolic as key producers are unable to raise supply due to disruptions caused by the US-Israeli war with Iran, Reuters reported citing sources.Eight OPEC+ members are scheduled to meet at 1300 GMT to discuss production…
NEW DELHI: India’s oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged…
NEW DELHI : The country’s industrial output growth accelerated in Feb, led by a recovery in the manufacturing sector, but the West Asia conflict is expected to weigh heavily on the crucial sector in the months ahead.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production rose 5.2 per…
NEW DELHI: Domestic urea manufacturing has been hit due to the West Asia crisis, with production falling to 18 lakh tonnes this month from the earlier average of 24 lakh tonnes. But the output is set to increase with greater availability of LNG, procured through “spot buying” every fortnight, officials have said.The govt has maintained…
India’s industrial production grew 5.2 per cent in February, driven largely by an improvement in manufacturing output, according to official data released on Monday.Factory output, measured by the Index of Industrial Production (IIP), had expanded 2.7 per cent in February 2025, as per the official statement.Data released by the National Statistics Office (NSO) also showed…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
A few days before the start of the IPL 2026 season, Sanjiv Goenka, owner of Lucknow Super Giants (LSG), shared a message on social media that drew attention online.“I measure people by the results they deliver, not by the hours they sit behind a desk without delivering. Output is the only honest metric,” Goenka said…
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said that the Indian economy has weathered several storms over the last few years, starting with the Covid crisis, and remains strong, while seeking to comfort cooking gas consumers and farmers.Replying to a debate on the second batch of supplementary demands for grants in Rajya Sabha, she…
As the Middle East conflict continues to spill across global oil markets, India is looking to expand the production of dimethyl ether (DME), an alternative that could help deal with ongoing LPG disruptions. A government-run research institute is examining ways to boost the output of the fuel, which scientists say could help address supply challenges…
