energy markets

India's LPG supply remains stable and sufficient, despite ongoing geopolitical developments in the Middle East that are impacting global energy markets. In a statement, Indian Oil has said that it has maintained uninterrupted LPG supply to households and is currently delivering approximately 28...

Seoul, April 2 – In a call for resuming talks to resolve the ongoing conflict in West Asia, French President Emmanuel Macron said on Thursday that conducting a military operation to liberate the Strait of Hormuz would be "unrealistic.""There are those who advocate for liberating the Strait of...

New Delhi, April 2 JD(U) MP Sanjay Kumar Jha commented on the ongoing situation in West Asia on Thursday, stating that the crisis was not caused by India or its government, but the Centre's management of the situation has been "remarkable."Speaking to reporters, Jha said that the crisis has...

Washington, April 2 – US President Donald Trump has stated that countries that rely on key global routes should take responsibility for securing them.He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let...

New Delhi, April 1 Crude oil prices fell by more than 3 percent to Rs 9,265 per barrel in futures trading on Wednesday as investors booked profits after US President Donald Trump said the military could end its offensive against Iran in two to three weeks.On the Multi Commodity Exchange (MCX)...

April 1, New Delhi: Amidst the turbulent times caused by the Iran war and difficulties in oil supply due to the blockage of the Strait of Hormuz, India's Ministry of Petroleum and Natural Gas is attempting to protect domestic airlines from a full surge in fuel prices.The ministry has limited...

March 31, New Delhi – The Iranian parliamentary commission has approved plans to impose tolls on vessels transiting the Strait of Hormuz.According to state media, the proposal includes financial arrangements in local currency, cooperation with Oman, and also includes the "prohibition of...

New Delhi, March 31 India's real GDP growth for the next fiscal could decline by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said.The EY...

Washington, March 31 – The Trump administration acknowledged on Monday rising fuel costs linked to the ongoing conflict with Iran, but described them as “short-term fluctuations,” even as it defended its military campaign and broader strategy to stabilize global energy markets.Press Secretary...

Islamabad, March 30 Amid the ongoing conflict in West Asia, Pakistan is actively seeking to project itself as a mediator, reflecting the pressures and constraints it faces, both external and internal, according to a report.A meeting was recently held in Islamabad, which saw the participation...

Seoul, March 29 – South Korean Prime Minister Kim Min-seok vowed on Sunday to take preemptive measures against potential shortages of essential goods, as the Middle East crisis has disrupted global energy markets and driven up energy prices."We are at a critical economic juncture," Kim said...

Islamabad, March 28. Given its association with the A.Q. Khan network—a global nuclear smuggling chain that supplied enrichment technology to Iran, Libya, and North Korea—Pakistan lacks credibility as a mediator, especially given its reported move to convey the American proposal to Iran and...

New Delhi, March 27 Crude oil prices trimmed early losses to trade nearly 2 per cent higher at Rs 9,061 per barrel in futures trading on Friday, tracking gains in global energy benchmarks amid geopolitical uncertainty in West Asia.On the Multi Commodity Exchange (MCX), crude oil for the April...

Washington, March 27. China is adjusting its approach to the Iran conflict, signaling support for de-escalation as it prepares for high-stakes talks with the United States, a former senior US government official said.The remarks come as President Donald Trump plans a visit to China next month...

Washington, March 26 – The United States is intensifying its efforts to secure the Strait of Hormuz and stabilize global oil flows as its military campaign against Iran continues. The White House stated that operations are focused on protecting energy routes critical to the global economy...

Washington, March 26 – The White House has stated that US military operations against Iran are “ahead of schedule” and nearing core objectives, even as Washington continues “productive” talks with Tehran aimed at ending the conflict.White House Press Secretary Karoline Leavitt told reporters...

March 25, New Delhi - Stock prices rose and oil prices fell today, following reports that the U.S. is seeking a month-long ceasefire in its war with Iran and has put forward a proposal.S&P 500 futures rose by 0.9% in the morning session in Asia, while European futures rose by 1.2%, and Brent...

New Delhi, March 25: Home Minister Amit Shah will chair a meeting with all political leaders on Wednesday evening to brief them on the evolving crisis in West Asia, amid growing concerns about its economic and security implications for India.Five to six ministers, including External Affairs...

New Delhi, March 25 – The government will hold an all-party meeting on Wednesday to brief political leaders on the evolving crisis in West Asia, amid growing concerns over its economic and security implications for India.The meeting, scheduled for 5 pm inside the Parliament complex, will be...

New Delhi, March 24 – Prime Minister Narendra Modi and US President Donald Trump spoke on the phone on Tuesday, discussing the ongoing situation in West Asia and the importance of keeping the Strait of Hormuz open."President Donald Trump just spoke with Prime Minister Modi. They discussed the...