Admin – CASAPALACIOCAZALLA

India's Reliance to shut some units at 660,000 bpd refinery, govt official says

Admin — Wed, 06 May 2026 10:27:24 +0000

Reliance Industries plans refinery maintenance. Some units at its 660,000 barrels per day refinery will close for three to four weeks. This shutdown follows Nayara Energy’s operational resumption later this month. A senior petroleum ministry official confirmed the maintenance schedule. Reliance will undertake routine upkeep of a crude unit and other secondary units.

Petrol-diesel price hike coming soon? Why IMF says it must

Admin — Wed, 06 May 2026 08:16:52 +0000

Speculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urges India to pass on higher crude oil costs to consumers, arguing it would temper demand and allow market adjustments, while advocating for targeted subsidies for vulnerable populations.

India's cows offer biogas alternative to Mideast energy crunch

Admin — Wed, 06 May 2026 03:29:27 +0000

India faces cooking gas shortages due to global events. Villagers in Uttar Pradesh are turning to biogas, made from cow dung, as a reliable alternative. This homegrown fuel powers kitchens and provides valuable fertilizer. The government supports biogas production to meet carbon neutrality goals. This innovation offers a sustainable solution for rural energy needs.

US 'only' country capable of opening Hormuz Strait, Marco Rubio says

Admin — Wed, 06 May 2026 02:32:59 +0000

The United States has launched “Project Freedom” to reopen the Strait of Hormuz. Secretary of State Marco Rubio stated that America is uniquely positioned to ensure safe passage for commercial vessels. This initiative responds to requests from multiple nations facing disruptions. The operation aims to restore normal maritime operations and end Iran’s actions impacting global trade and safety.

India fuel retailers face credit strain as high oil prices persist, says Fitch

Admin — Tue, 05 May 2026 09:50:53 +0000

If crude oil prices remain elevated, Indian oil companies might find themselves under financial pressure. Delaying adjustments to fuel prices could impact their profits and cash reserves. Fitch Ratings warns that sustained high prices, rather than brief surges, present the greatest threat to credit ratings. Performance among companies will differ based on their operational strategies and investment approaches.

Reliance Industries to shut crude unit at 660,000 bpd refinery for maintenance, sources say

Admin — Tue, 05 May 2026 08:08:28 +0000

Reliance Industries will shut a crude unit and secondary units at its 660,000 barrels per day refinery for three to four weeks. This maintenance is scheduled for later this month. The shutdown will begin around mid-May. This timing follows Nayara Energy’s planned resumption of operations at its refinery. The move aims to prevent any fuel shortages across India.

West Asia war has a crude lesson for Indian economy: Cut the oil imports

Admin — Tue, 05 May 2026 08:08:03 +0000

The West Asia conflict has exposed India’s vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.

Iran's top negotiator warns Tehran 'not even started' in Hormuz standoff

Admin — Tue, 05 May 2026 07:45:59 +0000

Iran’s chief negotiator in talks with the United States warned on Tuesday that his country has “not even started” in its standoff over the Strait of Hormuz. “We know full well that the continuation of the status quo is intolerable for America; whilst we have not even started yet,” Mohammad Bagher Ghalibaf said in a post on X. Ghalibaf, who is also the speaker in Iran’s parliament, said the actions of the US and its allies had put shipping security at risk, but said their “malign presence will diminish”. rkh/axn

Ships cluster further from Strait of Hormuz, find shelter near Dubai as Iran widens control

Admin — Tue, 05 May 2026 06:06:06 +0000

Ship traffic has shifted away from the Strait of Hormuz, with hundreds of vessels clustering near Dubai as tensions rise between the US and Iran. Despite a ceasefire, both sides have exchanged fire, and Iran has expanded its control zone, warning ships through radio broadcasts while attacks near Fujairah added to concerns.

Reliance cuts exports of alkylates, boosts LPG output

Admin — Mon, 04 May 2026 15:07:16 +0000

Reliance Industries is increasing liquefied petroleum gas production. The company is reducing output of alkylates, a gasoline-blending component. This move aims to compensate for lost LPG imports from Middle Eastern countries. India faces a severe cooking fuel crisis. The government has directed refiners to maximize LPG production. This is to ensure supply for households.