energy supply

Oil Prices Fall to Six-Week Low Amid US-Iran Ceasefire Hopes

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Oil Prices Fall to Six-Week Low Amid US-Iran Ceasefire Hopes

New Delhi, May 30: Global crude oil prices have dropped to a six-week low following reports of a potential agreement to extend the ceasefire between the United States and Iran, along with news of the possible reopening of the Strait of Hormuz. The July delivery contract for West Texas Intermediate (WTI) crude closed down by … Read more

Nearly 4.7 Million Domestic LPG Cylinders Distributed Nationwide

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Nearly 4.7 Million Domestic LPG Cylinders Distributed Nationwide

New Delhi, May 3: On Saturday, approximately 4.7 million domestic LPG cylinders were distributed across the country, indicating that there has been no disruption in gas supply despite military conflicts in West Asia and the subsequent blockade of the Hormuz Strait. According to the Ministry of Petroleum, there was a 99% increase in online LPG … Read more