Iran-US war impacted ‘fertilisers, steel and aluminum’ the most, says Saudi Arabia Finance Minister
Saudi Arabia’s Finance Minister Mohammed al-Jadaan warned of a significant global impact of the war in the Middle East, suggesting there's more than what meets the eye.

Indian iron ore imports set to hit 7-year high in FY26 on strong demand
India's imports of iron ore, a key raw material ​in steelmaking, are set to rise to a seven-year high in ​the fiscal year ending on March 31, driven by a shortage of high-grade ore and ‌demand from JSW Steel, analysts and industry executives said.

Steel ministry seeks intervention for plants facing LPG shortages
India's federal steel ministry has sought assistance from ​the oil ministry to ensure that ​steel plants are not affected by liquefied petroleum ‌gas shortages, a source with direct knowledge of the matter told Reuters on Thursday.

West Asia crisis hits scrap imports, drives up costs: Recycling industry
 

Jindal Steel’s Thyssenkrupp acquisition at risk over pension burden, energy costs: Report
Discussions of a possible sale of Thyssenkrupp’s steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments, and energy costs, a Reuters report said.

Thyssenkrupp, Jindal Steel sale talks falter on pension and energy costs
Discussions of a possible sale of Thyssenkrupp's steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments and energy costs, four people familiar with the matter said.

Harlalka to takeover as AM/NS India CEO as Oommen retires
 

Gold price dips ₹10 to ₹1,44,540; silver down ₹100, trades at ₹2,49,900
 

'Misleading and incorrect': Reliance Industries denies reports that it purchased Iranian oil
Reliance Industries Limited (RIL) on Thursday denied purchasing crude oil of Iranian origin, as reported in the media.

GAIL (India) Limited to acquire 49% stake in Leafiniti Bioenergy Private Limited
New Delhi: GAIL (India) Limited has announced an investment of ₹130 million to acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a subsidiary of TruAlt Bioenergy Limited, according to a statement released by GAIL (India).

West Asia crisis: Centre to push for flex-fuel vehicles amid supply crunch
Business Standard has learnt.

West Asia war: As India’s oil imports from Gulf countries crash, Russian oil flows surge 82% to near-peak levels
Amid a major disruption in oil supplies from West Asia, India’s rapid ramp-up of Russian oil imports has significantly cushioned the supply hit. India’s Russian oil imports in March are nearing historic peaks and a similar trend is expected in April as well, according to tanker data and industry insiders and experts. Meanwhile, due to the effective halt in vessel movements through the critical maritime chokepoint of the Strait of Hormuz since early March, imports from West Asia suppliers like Iraq, Saudi Arabia, the UAE, and Kuwait have crashed this month.

ICRA warns oil, gas price surge amid West Asia conflict may strain India’s fiscal position
West Asia conflict to strain India's FY27 fiscal math says ICRA
The Indian Express (Delhi Print Edition)

Petrochem value chain bears the brunt of crude price spike
Source Credit: Raghavendra Kamath, Nandini Oza, Saurav Anand, Narayanan V, The Financial Express

Rathilal Sumaria, 73-year-old owner of a powerloom unit in Bhiwandi, an industrial cluster located at the crossroads of National Highway-848 and Mumbai-Agra highway, is afraid he may have to halt production if polyester yarn prices continue to rise and supplies remain tight. “We are not getting enough yarn. On top of that, we have to do a lot of bargaining (for price),” he told FE. Sumaria is a “master weaver,” a class of small entrepreneurs who have maintained a grip over India’s downstream textile value chain for decades.

Oil prices fall as Trump pauses attacks on Iranian energy plants
 

ONGC stock may zoom 65%, OMCs may not hike petrol, diesel prices soon: CLSA
 

Nayara raises petrol by ₹5, diesel by ₹3 amid crude supply disruptions
 

Oil rises as investors reassess West Asia ceasefire prospects
 

India has about 60 days of fuel stocks, govt dismisses shortage claims
 

Oil, LNG prices to stay 15–25% higher even after war; supply shock resets energy markets
Even if the ongoing West Asia conflict ends now, the shock to global energy markets is likely to persist, with crude oil and LNG prices expected to remain 15–25% above pre-war levels, signalling a structural reset that could reshape India’s energy landscape, according to a CLSA report. “Post-war crude and LNG price may settle at 15-25% higher than pre-war,” CLSA said, underlining that the conflict has “fundamentally changed the demand-supply equation for the next few quarters.”

Chennai Petroleum announces ₹8 per share interim dividend
The Board of Directors of Chennai Petroleum Corporation Ltd. on Thursday declared an interim dividend of ₹8 per equity share of face value ₹10 each for the financial year 2025-26.

Renewables to drive bulk of power capacity expansion; solar and wind to lead growth: Centrum report
New Delhi: Renewable energy sources such as solar and wind are expected to drive the bulk of power capacity expansion in the coming years, according to a report by Centrum Institutional Research.