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Government urged to leverage Ghana Petroleum funds to subsidize temporary spikes in fuel prices
03 Mar 2026 13:18 GMT
… marginal oil exporter and a significant importer of refined petroleum, … drive crude prices toward $100–$120 per barrel. … refined petroleum products (Petrol, Diesel, and LPG). The recent surge in global crude … up” with imported fuel will significantly increase …
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India well stocked with crude oil, inventories of key petroleum products: Hardeep Singh Puri
03 Mar 2026 16:27 GMT
… importer, fourth-largest refiner, and fifth-largest exporter of petroleum products globally.
“The … stocked with crude oil and inventories of key petroleum products, including petrol, diesel and … the crude oil prices may surge above the USD 100 per barrel …
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‘India has 25 days of crude oil in reserve and 25 days of petrol, diesel stock’
03 Mar 2026 14:01 GMT
… sufficient stocks of crude oil and energy products (petrol and diesel) … Petroleum Reserves (SPR), in which case the country’s crude oil … Brent crude futures soaring past the $80-per-barrel mark … late February, potentially risking exports from the terminal.
“We …
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Strait of Hormuz gridlock: 700 tankers stranded as India weighs fuel safeguards
03 Mar 2026 14:08 GMT
… pass directly into global fuel prices.
If the … scrambles for alternative barrels
Refiners in Asia and … exports of petrol and diesel, increasing purchases of Russian crude … entirely.
State refiners Indian Oil Corporation, Hindustan Petroleum Corporation Limited …
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India readies fuel emergency plan as Iran war puts oil-gas supply chain at risk
03 Mar 2026 14:48 GMT
… to safeguard domestic fuel supplies as … restricting exports of petrol and diesel, increasing crude purchases … refiners Indian Oil Corporation, Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum … is curbing exports of refined fuels to prioritise …
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Iraq reduces oil output; more cuts likely if Hormuz disruptions persist, officials say
03 Mar 2026 16:39 GMT
… cut oil production by nearly 1.5 million barrels a … cannot export crude due to the Iran crisis, two Iraqi oil … Iraqi crude exports, accounting for nearly two-thirds of the OPEC … Europe.
BP, PetroChina and China National Offshore Oil Corporation, which …
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OPEC+ Announces Modest Oil Production Increase Amid Middle East Tensions, Markets Still on Edge
03 Mar 2026 14:00 GMT
… Petroleum Exporting Countries and its allies (OPEC+) said this week it will increase oil … traded above $73 per barrel. The upward pressure on … downstream markets, with fuel costs rising in many … finished fuels such as gasoline and diesel, rising crude prices …
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India has enough oil stock to weather West Asia crisis; coverage in place for 6-8 weeks
03 Mar 2026 13:06 GMT
… crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels … crude oil and inventories of key petroleum products including petrol, … largest refiner, and fifth largest exporter of petroleum products … USD 80 per barrel, roughly 10 per …
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Oil Shock Threatens Rate Cut Bets, Investors Warned to Act
03 Mar 2026 13:38 GMT
… .
Brent crude surged above $87 a barrel in Tuesday … 6 percent and transportation fuel futures spiked more … oil company stocks, including CNOOC, China Petroleum and Chemical, and PetroChina, … .”
Iran exports approximately 1.6 million barrels of oil a day …
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Oil prices will likely fall quickly
03 Mar 2026 13:21 GMT
… and other oil-exporting countries could use alternative oil pipelines to … 5 million barrels per day. Even if some crude is prevented … to 230 billion barrels of oil. With global oil prices near $80 … below $65 a barrel.
Today, global oil prices reflect fear of …