Washington, March 13 (IANS) The United States has temporarily allowed countries to purchase Russian oil stranded at sea, a move that comes days after Washington granted a similar waiver to India as it seeks to stabilise global energy markets amid rising geopolitical tensions.Treasury Secretary Scott Bessent said the measure is designed to increase the reach of existing oil supplies while limiting financial gains for Russia, since the crude involved is already in transit.“@POTUS is taking decis…
Latest Energy Supply News & Updates
Guwahati, March 11 (IANS) Assam Chief Minister Himanta Biswa Sarma on Wednesday assured that there is no shortage of cooking gas in the state amid concerns over a possible supply disruption in India due to the escalating conflict between Israel and Iran. Speaking to reporters here, Sarma said the state government has been closely monitoring the situation following reports of a potential LPG supply crisis triggered by the tensions in West Asia.”There is no shortage of cooking gas in Assam. People…
New Delhi, March 10 (IANS) In an effort to ensure adequate availability of cooking gas for households, India’s oil refineries have increased liquefied petroleum gas (LPG) production by about 10 per cent after directions issued by the Centre, government sources said on Tuesday.The move has helped ease concerns raised by some groups about a possible supply disruption.Sources said the government has also increased the waiting period for new LPG cylinder bookings from 21 days to 25 days in order t…