Despite several challenges, the crude oil and gas industry has recorded a swift turnaround in the wake of the waning of the pandemic. Mandar Wagh explains how, being one of the country's eight core sectors, the government's focus and initiatives, as well as developments such as ethanol blend and use of alternative fuels, will determine the direction of the industry. 

The National Stock Exchange (NSE), on May 15, 2023 (Monday) launched its rupee-denominated futures contracts on underlying NYMEX WTI crude oil and Natural Gas in its commodity derivatives segment.