Global Energy Crisis

Twenty-five per cent of global energy demand growth in the next two decades is going to emanate out of India, Union Petroleum Minister Hardeep Puri said.

India has demonstrated great resilience in the face of the global energy crisis, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, adding that the government's measures to minimize and mitigate the volatility served the purpose.

The rupee started Monday on a weak note as the dollar soared to a new two-decade high.

Stock Market India: Equity benchmarks started Monday with marginal gains even as broader Asian bourses fell driven by the energy crisis in Europe.

US Deputy Treasury Secretary Wally Adeyemo has met Finance Minister Nirmala Sitharaman and several senior Indian officials and discussed pressing issues like food insecurity, energy prices and the Ukraine crisis

Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.

There is an urgent need to address the global energy and food crisis triggered by disruptions from the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

There is an urgent need to address the global energy and food crisis triggered by disruptions arising out of the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.

Coal India Limited (CIL) on Friday floated two international tenders to source 6 million tonnes of dry fuel to shore up supplies

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.

Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia.

The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.

Twenty-five per cent of global energy demand growth in the next two decades is going to emanate out of India, Union Petroleum Minister Hardeep Puri said.

India has demonstrated great resilience in the face of the global energy crisis, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, adding that the government's measures to minimize and mitigate the volatility served the purpose.

The rupee started Monday on a weak note as the dollar soared to a new two-decade high.

Stock Market India: Equity benchmarks started Monday with marginal gains even as broader Asian bourses fell driven by the energy crisis in Europe.

US Deputy Treasury Secretary Wally Adeyemo has met Finance Minister Nirmala Sitharaman and several senior Indian officials and discussed pressing issues like food insecurity, energy prices and the Ukraine crisis

Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.

There is an urgent need to address the global energy and food crisis triggered by disruptions from the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

There is an urgent need to address the global energy and food crisis triggered by disruptions arising out of the COVID-19 pandemic and the Ukraine conflict, External Affairs Minister S Jaishankar said at a meeting of the SCO in Tashkent on Friday.

Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.

Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.

Coal India Limited (CIL) on Friday floated two international tenders to source 6 million tonnes of dry fuel to shore up supplies

The already-elevated India's crude oil basket price is rising, with the average based on daily costs for June jumping to over $115 per barrel, compared to $109.51 in May and $102.97 in April.

Ministers from the G7 group stressed that they would not let the energy crisis derail efforts to fight climate change.

Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia.

The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.