Latest News, Updates & Breaking Headlines
Image used for representative purposes NEW DELHI: The government is considering building liquefied petroleum gas (LPG) reserves as a buffer against potential supply disruptions, a government official said on Monday.The move comes as Nayara Energy is set to shut its Vadinar refinery from April 9–10, a development that is expected to impact LPG supplies in…
In a first since fuel price deregulation, state-run oil marketing companies (OMCs) have moved to pay discounted rates to refineries for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses arising from a self-imposed freeze on retail fuel prices, sources told PTI.OMCs on March 26 fixed rates for petroleum products at discounts…
Iranian drones struck Kuwait’s key oil facility at Mina al-Ahmadi refinery on Friday, triggering fires at the site, Kuwait’s state-run Kuwait Petroleum Corporation said, adding that no injuries were reported.The company said firefighters were working to control the blazes following the attack, which marks another escalation in strikes on critical energy infrastructure in the Gulf…
A massive blaze erupted at an Israeli oil refinery in Haifa on Monday after a fresh wave of missiles was detected. Hezbollah claimed responsibility for launching a barrage of advanced missiles targeting a naval base in Haifa, indicating a coordinated escalation on multiple fronts. It was not immediately clear whether the refinery fire was linked…
“Energy can never be created, nor destroyed; it can only be changed from one form to another.”The first law of thermodynamics remains a quiet scientific truth despite a broken supply of crude oil due to the ongoing Middle East crisis. As geopolitical disruption tightens its grip around the Strait of Hormuz, that law reads less…
A large explosion at the Valero Refinery on Monday prompted authorities in Port Arthur to issue an emergency shelter-in-place order for nearby residents.City officials said the alert was issued “to ensure the safety of all residents” in affected areas, including Sabine Pass, Pleasure Island, and south of Highway 73 stretching west from Stirlwell Boulevard.According to…
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,…
Representational photo- Oil facility in Fujairah, United Arab Emirates (AP) Kuwait said its Mina Al-Ahmadi oil refinery was again targeted by Iranian drones on Friday, causing fires at several units. The same refinery was hit a day earlier.Friday’s attack took place as Kuwait marked Eid al-Fitr. Authorities said firefighters were working to control the latest…
A video has emerged of Iran’s missile strike on an oil refinery in the Israeli port city of Haifa, as the Middle East war entered its 21st day on Friday.The video shows bright flashes—explosions—followed by thick plumes of smoke billowing into the air.According to the Jerusalem Post, the Bazan oil refinery in Haifa was damaged…
Iran stepped up attacks on energy sites across the Gulf on Thursday, hitting the SAMREF refinery in Saudi Arabia. The facility is a joint venture between Saudi Aramco and ExxonMobil.The attack comes after Iran condemned the earlier strike on South Pars with its president, Masoud Pezeshkian, warning of “uncontrollable consequences” that “could engulf the entire…
