OIL

The latest OIL news, analysis and data from India and across Asia, reported by Energy Asia.

85 stories Updated February 28, 2026

Gulf War sends shockwaves through global energy security

The eruption of direct military confrontation between the United States, Israel and Iran on February 28, 2026 has pushed global energy security into one of its most fragile moments since the shocks of the early 2000s.

Keshav Raina7 min read

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Oil & Gas

Only 3 bidders for 21 oil, gas blocks

India's latest bid round for 21 oil and gas blocks attracted just three bidders, two of whom were state-owned explorers Oil and Natural Gas Corp and…

Oil & Gas

Crude oil futures dip on weak demand

Crude oil prices on Tuesday fell by Rs 61 to Rs 5,010 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil…

Oil & Gas

Mizoram stares at fuel shortage amid border row

The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying fuel, continued to remain shut on…

Oil & Gas

India’s gas production jumps 19.5% in June

India's natural gas production jumped 19.5% in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block