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India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher

India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher

Crude oil futures rise 2.5% on firm demand, global cues

Crude oil futures rise 2.5% on firm demand, global cues

Rupee fell 14 paise to close 96.44 against US dollar

Rupee fell 14 paise to close 96.44 against US dollar

Tankers Fear Hormuz Transit as Iran Stops Vessels

Tankers Fear Hormuz Transit as Iran Stops Vessels

Oil pipelines around the Strait of Hormuz won’t end the threat Iran poses to Middle East crude exports

Oil pipelines around the Strait of Hormuz won’t end the threat Iran poses to Middle East crude exports

Copper Billet Imports in June Keep Rising Both YoY and MoM, High Import Price Pressure Persists [SMM Analysis]

Copper Billet Imports in June Keep Rising Both YoY and MoM, High Import Price Pressure Persists [SMM Analysis]

Spot copper prices high, secondary copper rod enterprises' purchase willingness pulls back [SMM Secondary Copper Daily Commentary]

Spot copper prices high, secondary copper rod enterprises' purchase willingness pulls back [SMM Secondary Copper Daily Commentary]

Data: SHFE, DCE market movement (Jul 20)

Data: SHFE, DCE market movement (Jul 20)

SHFE/LME Price Ratio Weakens and Seller Offers Remain Firm, Market Continues Supply-Demand Weakness [SMM Yangshan Spot Copper]

SHFE/LME Price Ratio Weakens and Seller Offers Remain Firm, Market Continues Supply-Demand Weakness [SMM Yangshan Spot Copper]

Domestic and Imported Supply Both Contracted, National Copper Inventories Fell Synchronously YoY [SMM Weekly Data]

Domestic and Imported Supply Both Contracted, National Copper Inventories Fell Synchronously YoY [SMM Weekly Data]

Available supply remains tight, Shanghai spot copper premiums hit a new high for the year [SMM Shanghai spot copper]

Available supply remains tight, Shanghai spot copper premiums hit a new high for the year [SMM Shanghai spot copper]

Enamelled Wire Exports Continue to Boom, June Exports Hit Another Record High [SMM Analysis]

Enamelled Wire Exports Continue to Boom, June Exports Hit Another Record High [SMM Analysis]

Chennai Fuel Prices Hold Steady As Costs Stay Elevated

Chennai Fuel Prices Hold Steady As Costs Stay Elevated

The Strait of Hormuz and the New Geography of Power

The Strait of Hormuz and the New Geography of Power

CPC and Formosa to keep prices at pumps unchanged

CPC and Formosa to keep prices at pumps unchanged

India's Rare Earth Awakening Is Real-But China's Three-Decade Head Start Still Defines the Race

India's Rare Earth Awakening Is Real-But China's Three-Decade Head Start Still Defines the Race

Container traffic growth may hit 7-9% at Indian ports

Container traffic growth may hit 7-9% at Indian ports

Heat, war and Trump's threats push Iran toward an electricity crisis

Heat, war and Trump's threats push Iran toward an electricity crisis

How India is weathering the energy shock

How India is weathering the energy shock

Trump-Backed Russia Sanctions Bill Advances in Senate

Trump-Backed Russia Sanctions Bill Advances in Senate

Latest Market News Of Energy & Petroleum

Daily Report News

RIL sees better global refining margins despite oilfield attacks

RIL sees better global refining margins despite oilfield attacks

Energy & Petroleum

The Economic Times

RIL is bullish on global refining margins despite Strait of Hormuz uncertainty and oilfield attacks. Structural capacity losses and China's limited return support this, even as 12M barrels were unavailable, offset by 5M barrels from reserves.

1020

LNG consumption declines 6.5%on costly import, lower output

LNG consumption declines 6.5%on costly import, lower output

Energy & Petroleum

The Economic Times

India's natural gas consumption fell 6.5% to 16 bcm in Q1 due to costly LNG imports (down 8.6%) and declining domestic output (down 4.3%). Global prices surged post-Iran war, making imports unaffordable and increasing reliance on expensive spot purchases.

86

Ahmedabad Showers Return As Gujarat Monsoon Strengthens

Ahmedabad Showers Return As Gujarat Monsoon Strengthens

Infrastructure & Construction

Gujarat monsoon strengthened, bringing widespread rain and heat relief. However, it exposed urban drainage issues, causing waterlogging in Navsari and highlighting the urgent need for climate-resilient infrastructure and better city planning.

45

Mumbai Premium LPG Rollout Begins Across City

Mumbai Premium LPG Rollout Begins Across City

Bharat Petroleum launched premium LPG in Mumbai with lightweight composite cylinders and digital express delivery. It will expand to 100 cities across 24 states before Independence Day, offering market-based pricing and enhanced convenience for urban households.

Navi Mumbai Airport Launches Global Flight Network

Navi Mumbai Airport Launches Global Flight Network

Navi Mumbai Airport launched its first international flight to Abu Dhabi, with three weekly services. This expands MMR's aviation infrastructure, easing pressure on Mumbai, and boosting regional economic growth and connectivity.

1115

Ahmedabad Business Summit Spotlights Sustainable Economic Growth

Ahmedabad Business Summit Spotlights Sustainable Economic Growth

Energy & Petroleum

Ahmedabad's Business Summit, the Gujarat edition of ETNow.in Business Conclave and Awards 2026, focused on sustainable economic growth, infrastructure, clean energy, and urban transformation, highlighting Gujarat's evolving investment landscape and future development priorities.

Ahmedabad Housing Society Leopard Triggers Forest Response

Ahmedabad Housing Society Leopard Triggers Forest Response

A leopard sighting in Ahmedabad's Ghuma residential area prompted a Gujarat Forest Department search. No injuries reported, but it highlights urban expansion's impact on wildlife habitats and the need for ecological planning amidst Gujarat's rising leopard population.

56

Ahmedabad Bullet Rail Adopts Indigenous Technology Path

Ahmedabad Bullet Rail Adopts Indigenous Technology Path

Infrastructure & Construction

The Mumbai-Ahmedabad Bullet Train project adopts indigenous trainsets and interoperable signalling to boost domestic manufacturing and maintain schedules. India's first high-speed rail corridor aims for operational targets, with Japanese technical oversight continuing.

Water, Power Saving Amid El Niño Threat

Water, Power Saving Amid El Niño Threat

Infrastructure & Construction

deccanchronicle.com

Hyderabad minister directed advance planning for El Niño's impact, prioritizing drinking water, power, and public health. He urged groundwater conservation, awareness campaigns, and rainwater harvesting to address rainfall deficit.

OMCs procure 2,418 crore litres of ethanol worth Rs1.72 lakh crore in 3 years

OMCs procure 2,418 crore litres of ethanol worth Rs1.72 lakh crore in 3 years

Energy & Petroleum

newindianexpress.com

OMCs procured 2,418 crore litres of ethanol worth Rs1.72 lakh crore in 3 years, with procurement increasing. Government maintains 20% blending, citing scientific studies and no widespread vehicle issues.

99

Mild Steel Prices

Noble Bison

Secondary TMT

Fe 550D

8 & 32mm

EX - Wardha

Noble Bison

Secondary TMT

Fe 550D

10mm

EX - Wardha

Noble Bison

Secondary TMT

Fe 550D

12 to 25mm

EX - Wardha

Primary

Primary TMT

Fe 500D

12 to 32mm

EX - Ghaziabad

Primary

Primary TMT

Fe 500D

12 to 32mm

EX - Vijayanagar

Sangam

Secondary TMT

Fe 550D

12 to 25mm

EX - Chandrapur

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