Indian Oil Minister says LPG production has increased

The increase in LPG production as stated by the Indian Oil Minister suggests a potential shift in supply dynamics, which could ease pressure on prices in the energy sector.

Newsquawk StaffPublished 12 May 2026, 07:03 UTCOn the live feed at 06:43 UTC — 3 more headlines followed before this page went public

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07:02

[MARKET UPDATE] Gilts open lower by 73 ticks, hit a 85.82 trough, in close proximity to the 85.76 contract low. Weighed on by growing pressure against PM Starmer into a potentially crucial Cabinet Meeting around 09:30BST.

07:02

European Movers: Intertek (ITRK LN) +4.2%, Bayer (BAYN GY) +1.4%, LVMH (MC FP) -0.3%, Vodafone (VOD LN) -2.7%, Siemens Energy (ENR GY) -3.2%, Munich Re (MUV2 GY) -3.4%

06:43

Indian Oil Minister says LPG production has increased

06:38

At the UK Cabinet meeting (c. 09:30BST), PM Starmer will be given the chance to "go gracefully" or face ministerial resignations, Huffington Post's Schofield reports

06:33

Iranian Parliamentary spokesperson says "One of Iran's options in the event of another attack could be 90 percent enrichment. We will review it in the parliament."

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Context

This development is particularly relevant as it may influence India's energy imports and overall demand for alternatives like WTI. Watch for any market responses that could reflect shifts in oil prices or related commodities based on changes in supply forecasts.

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