energy markets

New Delhi, March 8 As the conflict in West Asia strains the global oil supply chain, US Treasury Secretary Scott Bessent said the Trump administration is working with the world's largest oil producers, consumers, and refiners to maintain stability in the energy markets."The United States is...

Washington, March 8 The United States of America urged India to release more than 100 million barrels of Russian crude that was waiting offshore for Chinese refineries, in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday.Speaking in...

Chennai, March 7. A.N. Prasad, spokesperson for the Tamil Nadu unit of the Bharatiya Janata Party (BJP), has stated that the United States granting a temporary waiver allowing Indian refiners to access certain Russian crude shipments demonstrates the success of India's diplomatic and energy...

Washington, March 7 – US Treasury Secretary Scott Besant indicated that Washington could temporarily ease some restrictions on Russian oil supplies and allow India to continue purchasing to stabilize global energy markets during the ongoing Middle East conflict.In an interview with Fox...

Mumbai, March 6 The rupee remained stable and gained 2 paise to 91.62 against the US dollar on Friday after the US announced a 30-day waiver for Indian refiners to purchase Russian oil, easing pressure on global energy flows amidst the ongoing conflict in West Asia.Forex traders said that the...

Washington, March 6 – In a significant development, in the wake of the ongoing Iranian war, the Trump administration has authorized a one-month window for India to import Russian crude oil."President Trump's energy agenda has resulted in oil and gas production reaching the highest levels ever...

Washington, March 6 US President Donald Trump said that Iran is seeking negotiations after suffering major military losses, as American and Israeli forces continue strikes targeting Tehran’s missile and drone capabilities.Speaking at a White House event to honor 2025 MLS champions Inter Miami...

New Delhi, March 5 Prolonged disruptions to shipping through the Strait of Hormuz beyond a week could quickly affect energy markets, fertiliser supplies, industrial inputs, construction materials, and export sectors such as diamonds, according to a think tank, GTRI.The Strait of Hormuz is a...

Mumbai, March 5 Corporate earnings in India could face downside risks if the ongoing Iran conflict persists for more than a few weeks, as higher oil and gas prices threaten to weigh on the economy and markets, according to a report by Kotak Institutional Equities."We expect some downside risk...

New Delhi, March 5 Iran warned on Thursday of a strong response to what it described as "criminal military aggression" by the US and Israel, with its envoy to India asserting that Tehran did not initiate the conflict but would firmly retaliate.Speaking to the media here, Iranian Ambassador to...

Wednesday, March 5 The United States may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, the White House has said, as the conflict with Iran raises concerns about global energy supplies and shipping security in one of the world’s most critical maritime...

Islamabad, March 4 Pakistan said on Wednesday that Saudi Arabia has responded positively to its request for an alternative oil supply route in the wake of the closure of the Strait of Hormuz due to the attack on Iran.Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Saudi...

Washington, March 4: Oil and natural gas prices surged sharply as the war involving Iran raised fears about disruptions to the Strait of Hormuz, a key shipping corridor for global energy. This prompted US President Donald Trump to take steps to reassure markets and protect tanker traffic...

New Delhi, March 3 – The current escalation between the United States, Israel, and Iran highlights fundamental lessons about the intersection of military power, diplomacy, and strategic communication, according to a report cited on Tuesday."First, the use of coercive military force against a...

Washington, March 3 – Six American service members have been killed in action as US forces continue major combat operations against Iran, the US Central Command said.“As of 4 pm ET, March 2, six US service members have been killed in action,” CENTCOM said, adding that US forces had “recently...

In New Delhi, March 2 Oil prices could rise above $100 per barrel if tanker traffic through the Strait of Hormuz is not quickly restored, as the waterway's closure threatens to disrupt 15% of global oil supply and 20% of global LNG supply, according to consultancy Wood Mackenzie.Following US...

New Delhi, March 1 – India is expected to face volatility in oil prices and broader macroeconomic effects from the escalating Iran crisis, analysts said, adding that the country's oil supply chain does not yet face structural insecurity.Rising tensions in the Strait of Hormuz – through which a...

Washington, February 28 – President Donald Trump said the United States “could” consider easing sanctions on Russia as part of efforts to end the war in Ukraine, while signaling frustration with Iran’s nuclear negotiations and warning that Tehran “cannot have nuclear weapons.”“We could ease...

New Delhi, February 17 Integrating AI can help manage the complexities in the power sector, including in India, where the share of renewables is expected to grow in the coming years, an expert from the International Energy Agency (IEA) said."...We are seeing a very strong trend of increasing...