Indian government officials says at the moment, there is no proposal for oil marketing firms

The Indian government's statement that there is currently no proposal for oil marketing firms may suggest stability in domestic oil pricing and supply levels in the short term.

Newsquawk StaffPublished 11 May 2026, 10:30 UTCOn the live feed at 10:10 UTC — 4 more headlines followed before this page went public

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10:18

Washington-based diplomats reportedly fear China could offer to help reopen the Strait of Hormuz in exchange for US concessions on Taiwan, Politico sources say

10:14

Times Swinford posts, on UK PM Starmer's speech, it "does not seem to have gone down particularly well with many Labour MPs, who were hoping for something more radical. The numbers calling on him to go continue to rise"

10:10

Indian government officials says at the moment, there is no proposal for oil marketing firms

10:06

Alphabet (GOOGL) has filed for five-part JPY denominated notes with size undisclosed, SEC Filing

10:01

A soft-left UK Labour MP, following PM Starmer's speech, describes it as "utterly inadequate", journalist Schofield reports. Additionally, Labour MP Smith has now called for the PM to resign.

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Context

This could limit volatility for WTI crude prices, as India's demand dynamics are crucial in the global market. Traders should monitor how this announcement aligns with supply trends and broader geopolitical factors impacting oil markets.

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