lng

India has reportedly rejected Russian lng cargoes under US sanctions, despite energy security worries. A sanctioned Russian lng shipment is now stranded near Singapore as India navigates compliance risks. While India continues to import Russian crude, lng is harder to conceal from global tracking systems. Discussions are ongoing for non-sanctioned Russian supplies.

Pakistan is foregoing urgent lng purchases, betting on a swift de-escalation of Middle East tensions and the timely arrival of cheaper Qatari shipments. This risky strategy comes as the country faces a significant gas deficit and widespread electricity outages, exacerbated by disruptions in the Strait of Hormuz.

Union Minister Hardeep Singh Puri assured stable fuel and cooking gas supplies, stating the country holds 69 days of crude oil and lng reserves and 45 days of LPG. Daily LPG production has been significantly increased to 54,000 tonnes amid Middle East geopolitical tensions. Puri also echoed Prime Minister Modi's call for austerity to mitigate economic pressures.

Disruptions in the Strait of Hormuz have significantly impacted global bunker fuel supply, leading to soaring prices, particularly in Asia. This is forcing shipping firms to cut speeds and explore alternative fuels, with experts warning of increased freight costs and consumer prices.

A key fertilizer plant in Paradip faces a potential shutdown within a month due to a global ammonia shortage, exacerbated by West Asia conflicts disrupting crucial shipping routes. This could impact the production of vital crop-boosting fertilizers like DAP and urea, raising concerns among farmers about future availability and rising costs.

Mahanagar Gas Limited has appointed Praveer Kumar Srivastava as its new Managing Director. With over three decades of experience at GAIL, Srivastava brings expertise in gas processing, pipeline networks, and large-scale project execution. His focus at MGL will be on enhancing efficiency, accelerating project delivery, and leveraging technology to drive growth and sustainability.

Public sector oil companies are facing daily losses of Rs 1,000 crore, potentially forcing fuel price hikes soon. Minister Hardeep Singh Puri highlighted significant under-recoveries, warning that companies cannot sustain these losses indefinitely. While elections are not the reason for the freeze, a drop in crude prices or reopening of the Strait of Hormuz could offer relief.

A US-based businessman, Graham Walker, gifted his 540 employees a staggering $240 million from the $1.7 billion sale of his family's company, Fibrebond Corp. This generous act, where workers received an average of $443,000, stemmed from a condition Walker imposed before the sale to power-management giant Eaton.

Fuel, gold, edible oil, foreign travel, and fertilisers — how much do they cost India, and how much do they matter right now?

Union Minister Nitin Gadkari declared that petrol and diesel vehicles have no long-term future in India, urging the auto industry to accelerate its shift to cleaner fuels like biofuels, CNG, lng, and electric powertrains. Pilot projects for hydrogen-powered mobility are underway, with hydrogen hailed as the "fuel of the future.

India is the only major oil importing country to have not raised prices through the West Asia crisis. With polls now over, the government may have no choice but to pass the cost of rising crude to to the consumer

India assures stable fuel supplies despite global disruptions and rising crude prices. However, unchanged domestic rates are causing significant losses for oil marketing companies, leading to a pressing question about potential price hikes. The government faces a fiscal burden from absorbing price shocks through tax cuts.

Domestic urea production has bounced back to last year's levels, with April output reaching 21 lakh tonnes, a significant recovery after a March dip. With natural gas supplies largely restored and robust import assurances, the government confirms ample fertilizer availability to meet the upcoming kharif crop needs, ensuring farmers remain unaffected by global price hikes.

India’s macro exposure to the Middle East continues to be transmitted primarily through energy and critical input prices, reflecting structurally high dependence on imported crude and natural gas.

Global oil prices have soared past $120, reaching their highest point since 2022. This surge is driven by fears of prolonged supply disruptions stemming from a US blockade of Iran and its impact on the vital Strait of Hormuz. Adding to market jitters, the UAE's exit from OPEC introduces further uncertainty regarding global energy supply management.

Pakistan admits its vulnerability to global oil shocks, lacking strategic reserves like India, which holds 60-70 days of stock. Islamabad's limited reserves leave it exposed, unlike India's stable prices aided by fiscal space and strategic stockpiles. Pakistan's IMF commitments restrict its ability to offer consumer relief amid soaring crude prices.

Despite global energy supply strains due to Middle East conflict, India's government assures robust domestic fertilizer availability, exceeding current requirements. Commercial LPG allocations have also increased, with officials confirming sufficient supplies and no distributor dry-outs, even as panic buying is reported.

Washington isn’t interested in being a guarantor of anything, including energy supplies. New Delhi’s strategic response must centre around the one energy source it has in abundance

Data from MarineTraffic shows that several Indian and foreign ships headed for Indian ports are still awaiting clearance near the Strait of Hormuz. According to the petroleum ministry, 17 vessels have been identified for evacuation.

US President Trump's second term prioritizes oil, leveraging energy dominance for global influence. Campaign funding from oil interests aligns with policies boosting domestic production and easing regulations. Sanctions on rivals and geopolitical events like the Hormuz crisis engineer demand for American exports, impacting nations like India and reshaping global energy markets.

Oil prices dipped Wednesday after an initial Asian surge, as traders weighed US-Iran peace talk uncertainties following Washington's ceasefire extension. Disruptions in the Strait of Hormuz continue to fuel market anxiety. Geopolitical developments, including potential pipeline issues and upcoming US inventory data, are also influencing price movements, suggesting continued volatility.