The Centre has classified key energy data as a matter of national security and directed all entities across India’s oil and gas value chain to submit detailed operational information, as the government moves to tighten oversight of supplies disrupted by the ongoing Middle East war.The oil ministry has issued the Petroleum and Natural Gas (Furnishing…

Global oil prices surged and equity markets weakened on Thursday after fresh strikes on energy infrastructure in Iran and in retaliation Islamic Republic escalating threats to key facilities across the Gulf raised concerns over supply disruptions.Natural gas prices increased by more than 5%, while Brent crude rose to $111.19 in early trading and extended its…

Gold prices witnessed a sharp fall in futures trade on Thursday, tracking weak global cues and a stronger US dollar. According to PTI, gold contracts for April delivery on the Multi Commodity Exchange dropped by Rs 3,616, or 2.36 per cent, to Rs 1,49,409 per 10 grams in a turnover of 7,387 lots.Analysts said the…

Global oil and natural gas prices surged sharply on Thursday after Iran launched fresh strikes on key energy infrastructure across the Gulf, including Qatar’s main liquefied natural gas (LNG) facility, raising concerns over prolonged supply disruptions.Brent crude, the international benchmark, climbed close to $114 per barrel, up from below $73 on the eve of the…