Crudely Put, We’re Energy Insecure
Last June, when the US and Israel bombedIran, I asked a senior refinery executive handling crude procurement how he would deal with a closure of the Strait of Hormuz. His response was blunt: such an event could not really be planned for. History suggested it would never happen. The strait had remained open even during wars. The US would not allow it to shut. The world would push back against Iran. And Iran itself depended on open waters to import essentials and export oil. This view was widely shared. Even when US-Israeli strikes on Iran resumed on Feb 28, many in the industry believed escalation would be contained quickly.

Steel Exchange India Ltd (SEIL) to raise INR 350 Cr via preferential issue; IMR group to invest 300 Cr in the company
Mumbai: IMR Group ("IMR"), a leading international metals and mining conglomerate, today announced a strategic investment of INR 300 Crores in Steel Exchange India Limited ("SEIL") through subscription to share warrants. The investment will be made through IMR's Indian entities -- India Coke and Power Private Limited ("ICPPL") and IMR Steel Private Limited ("ISPL"). This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth -- marking a significant milestone in IMR's forward integration strategy and its expansion across India's high-growth steel sector.

Hindalco shares rally 7% as aluminium prices surge on supply concerns
 

Gold prices up on safe-haven rush, but dollar strength restrains rally
Gold prices rose on Thursday, lifted by safe-haven demand amid an escalating war in West Asia, though a stronger dollar and concerns around the US Federal Reserve’s monetary policy capped gains.

Gold price falls ₹10 to ₹1,62,870; silver down ₹100, trades at ₹2,84,900
 

Urals tankers reach India, “never stopped buying Russian oil,” says official
With tanker traffic through the Strait of Hormuz slowing sharply amid the escalating US-Israeli conflict with Iran, Indian refiners have begun tapping Russian crude aboard vessels floating off the country’s coast, government and industry sources said.

Russian crude oil cargoes swing back to India as Iran war hits supply
Two Russian oil cargoes that had been signalling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens. 

City gas distributors’ CNG margins hinge on OMC price hike call
Shares of Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have slipped 7% and 10%, respectively, in the first three trading days of this week, after the US and Israel attacked Iran over the weekend.

Russia always open to supplying crude oil to India: Envoy
New Delhi: Russian Ambassador Denis Alipov on Thursday said Russia has always been willing to supply crude oil to India, despite growing concerns about the rising costs of petroleum products in light of the West Asia conflict.

No significant upside to $63/bbl Brent price estimates for 2026: Fitch
New Delhi, Mar 5 (PTI) The $63/bbl estimation for average Brent crude price for 2026 is unlikely to see any significant upside as the Strait of Hormuz closure would be only temporary and global oil market oversupply should limit oil price rises, Fitch Ratings said.

Oil jumps 5% on supply concerns as Iran conflict widens
Houston: Oil prices jumped 5% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. 

India not running short of oil, gas amid Middle East crisis: Report

According to the ANI report, India is in a very comfortable position with regard to her energy security. The current position of stock is comfortable and the stock is being replenished every day,

HPCL resumes Russian crude oil purchases after three-month gap: Report
 

West Asia crisis may hit trade, LNG supply if disruption persists: Crisil
 

Adani Total Gas raises prices, citing West Asia conflict
 

GAIL weighs supply cuts to gas customers after Petronet LNG force majeure
 

MRPL denies declaring force majeure on exports
 

Coal India jumps 4% as Iran war lifts global coal prices; analysts upbeat
 

Power exchanges turn into revenue engines for states
In a sector long defined by mounting losses and tariff stress, a quiet shift is underway. State power distribution companies are not just cutting procurement costs through power exchanges but also beginning to convert market participation into measurable profits.

Flender installs India’s highest capacity wind gearbox test rig near Chennai
Flender India, a manufacturer of gearboxes and other components for wind turbines, has unveiled a new testing facility at its Walajabad plant, near Chennai. 

What is force majeure and why are global energy firms invoking it now

What is force majeure?