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Tag: energy crisis

GAIL’s fourth quarter net profit dips amid elevated pressure on gas supplies with West Asia conflict

Posted on May 21, 2026 By admin
GAIL’s fourth quarter net profit dips amid elevated pressure on gas supplies with West Asia conflict

In the March-end quarter, GAIL posted a net profit of ₹1,262 crore, which was lower than ₹2,049 crore in the corresponding period last year. Photo credit: Special arrangement State-owned Gas Authority of India Ltd (GAIL)’s net profit in the March-end quarter slipped about 38.4% compared to the same period last year with its natural gas…

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Business

Bharat Petroleum hikes Russia’s share in crude oil purchases to 41% in bid to fill supply gaps

Posted on May 20, 2026 By admin
Bharat Petroleum hikes Russia’s share in crude oil purchases to 41% in bid to fill supply gaps

According to the senior executive at BPCL, Russian crude constituted about 25% of the overall basket in the third quarter of the previous financial year. | Photo Credit: Reuters The share of Russian crude oil in Bharat Petroleum’s overall basket has increased to about 40-41% from about 31% during quarter-ended March 2026, Vetsa Ramakrishna Gupta,…

Read More “Bharat Petroleum hikes Russia’s share in crude oil purchases to 41% in bid to fill supply gaps” »

Business

IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls

Posted on April 13, 2026 By admin
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls

International Energy Agency (IEA) Executive Director Fatih Birol. File | Photo Credit: Reuters The International Monetary Fund, World Bank and International Energy Agency on Monday (April 13, 2026) urged countries ‌to avoid hoarding energy supplies and imposing export controls that could worsen what they ​called the biggest shock ever to the global energy market. IEA…

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