Brent crude futures fell 0.7 per cent to $87.24 a barrel in early trade, marking a fourth consecutive session of losses
Crude prices have risen more than 50 per cent this year as the six-month conflict between the US and Iran has disrupted shipments of crude oil and refined petroleum products from the Middle East
The complex is planned at the Chintalapudi and Recherla coal blocks in coastal Andhra Pradesh
The project is also expected to complement the recently commissioned Dergaon-Dimapur Pipeline, which has connected Nagaland to the North East Gas Grid and the National Gas Grid
The assessment comes as energy markets contend with disruption around the Strait of Hormuz and the possibility of continued instability in the Red Sea
Both benchmarks had settled more than $1 higher on Tuesday, reaching their highest closing levels since July 31
The trend has continued in the current financial year, with imports at 1.7 million tonnes during April-June 2026-27, Minister of State for Coal and Mines Satish Chandra Dubey informed the Rajya Sabha
Industry reaction suggests the Quad’s latest initiatives are being viewed not merely as diplomatic coordination, but as a potential enabler for India’s energy transition through more secure access
