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Natural gas storage rise surpasses expectations, impacting prices

Natural gas storage rise surpasses expectations, impacting prices

U.S. natural gas storage rose by 76 billion cubic feet, as per EIA, significantly surpassing market expectations. This substantial increase is now impacting prices.
How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock

How global oil supplies have readjusted to help fill the huge gap left by the Strait of Hormuz shock

Global oil supplies readjusted after Strait of Hormuz disruption. Cumulative losses exceed 1.3 billion barrels, with flows dropping from 20 million to 2.7 million barrels per day, impacting global energy markets significantly.
Crude Falls on Surging Hormuz Shipments

Crude Falls on Surging Hormuz Shipments

Crude oil fell nearly 4% to $69 a barrel on Friday, its lowest since February 27, due to accelerated shipping transits through the Strait of Hormuz.
WTI Crude Oil futures fell on easing supply concerns

WTI Crude Oil futures fell on easing supply concerns

WTI Crude Oil futures fell 3.5% below the 70 handle, reaching a three-month low. Prices are down nearly 25% from June 8, driven by easing supply concerns from increased Strait of Hormuz exports and positive Middle East ceasefire talks.
Repeated crises reaffirm role of PSU oil firms

Repeated crises reaffirm role of PSU oil firms

Despite past criticisms and failed privatization bids in 2002 and 2020, PSU oil firms like IOC, BPCL, HPCL have consistently ensured fuel supply during crises like 2015 floods and Covid-19, reaffirming their vital national role.
Iraq seeks reassessment of OPEC production quotas

Iraq seeks reassessment of OPEC production quotas

Iraq's Oil Ministry announced OPEC is gradually restoring its pre-war production allocations. This move aims to strengthen Iraq's output capacity and support the recovery of its oil sector, signaling a positive step for the nation's economy.
West Bengal Free Bus Travel Expands Womens Mobility 

West Bengal Free Bus Travel Expands Womens Mobility 

West Bengal launched free bus travel for women from June 1 on state-run buses, benefiting lakhs of commuters. This initiative aims to boost mobility, access to services, and economic participation, though service quality investments are crucial for long-term success.
Siliguri Stadium Upgrade Push Gains Momentum 

Siliguri Stadium Upgrade Push Gains Momentum 

Siliguri Stadium's upgrade push gains momentum, aiming to modernize facilities for athletes, host larger events, and boost urban growth, community wellbeing, and regional economy. This vital civic asset's redevelopment depends on approvals and funding.
West Bengal Infrastructure Vision Gains Global Attention 

West Bengal Infrastructure Vision Gains Global Attention 

West Bengal is discussing a broad infrastructure strategy with ADB to reshape industrial growth, urban mobility, and regional connectivity. The plan focuses on integrated development, aiming for economic expansion and resilient growth.
A 2-megawatt reactor humming in China's Gobi Desert runs on liquid salt at 650 degrees instead of water, and last year it pulled off something no reactor had done: it swapped in fresh thorium fuel while still running, like a car refueling at 70 mph

A 2-megawatt reactor humming in China's Gobi Desert runs on liquid salt at 650 degrees instead of water, and last year it pulled off something no reactor had done: it swapped in fresh thorium fuel while still running, like a car refueling at 70 mph

China's 2MW molten salt reactor in the Gobi Desert achieved a world-first: converting thorium to fuel while running. This 650-degree liquid salt system, targeting 100MW by 2035, marks a significant nuclear energy milestone, reshaping future fuel cycles.

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