global energy markets

Washington, April 7 – The United States warned Iran that it could “inflict much greater pain” if it does not change course, with Vice President J D Vance saying, “the Iranians are now responsible.”Speaking at a joint press conference with Hungarian Prime Minister Viktor Orbán in Budapest...

In New Delhi, on April 1, aviation turbine fuel (ATF) prices for domestic airlines were raised by 8.5 percent, instead of the expected doubling due to a surge in global oil prices driven by the war, even as prices for commercial LPG and premium petrol also increased.ATF, or jet fuel, for...

New Delhi, March 31 – Analysts say that the outlook for Indian markets in the next fiscal year remains optimistic, provided geopolitical tensions subside and crude oil prices stabilize, even though domestic equities ended FY26 on a bearish note, with the Sensex falling by 7%.In 2025-26, the...

New Delhi, March 27 – The Ministry of External Affairs (MEA) said on Friday that four ships carrying LPG have arrived in India after crossing the Strait of Hormuz, and assured that New Delhi is in contact with concerned countries to ensure the safe transit of its ships to meet its energy needs...

March 27, New Delhi - The Indian government reduced the additional excise duty on both petrol and diesel in response to growing concerns about a nationwide rise in fuel prices due to the ongoing crisis in the Middle East.According to a government order, the additional excise duty on petrol was...

Washington, March 25 – The Pentagon is preparing to deploy thousands of troops from the Army’s 82nd Airborne Division to the Middle East, signaling a potential escalation in the Iran conflict even as Washington explores diplomatic options.According to multiple media reports, it is preparing to...

Washington, March 23 – Oil prices fell, and markets rallied after President Donald Trump postponed strikes on Iran, a development closely watched in India for its economic impact.Trump, in a Truth Social post, said that the United States would hold off on attacks on Iranian energy...

Srinagar, March 18 National Conference (NC) president Farooq Abdullah expressed serious concerns about the escalating conflict in West Asia on Wednesday, and urged global powers to act with urgency and responsibility to prevent a deeper crisis that could destabilize the world order.In a...

Washington, March 17 – The United States is allowing Iranian oil tankers to transit the Strait of Hormuz despite the ongoing conflict, as part of efforts to stabilize global energy supplies, Treasury Secretary Scott Besant said.“We are seeing more and more fuel ships start to go through. The...

March 16, New Delhi – The International Energy Agency (IEA) has announced the largest coordinated release of strategic oil reserves to stabilize global markets.Approximately 400 million barrels will be released, with supplies in Asia and Oceania starting immediately, and in Europe and the...

Washington, March 12 – The White House strongly criticized critical reporting in major US newspapers on the Trump administration's handling of the war with Iran and its impact on global energy markets, accusing the media of spreading a "false narrative" about the objectives of the military...

New York/Washington, March 11 The US has "temporarily permitted" India to "accept" Russian oil already on ships, aiming to ensure energy supplies amid the conflict with Iran. According to a top White House official, this move underscores that America's allies in India are "reliable partners"...

March 11, New Delhi – Countries and agencies worldwide are implementing emergency measures to address soaring oil prices, including capping fuel costs, releasing strategic reserves, and reducing consumption.The major move comes from the International Energy Agency (IEA), which has proposed the...

Washington, March 10 – The White House stated that the United States is determined to keep the Strait of Hormuz open as the war with Iran intensifies, stressing that President Donald Trump will not allow Tehran to disrupt global energy supplies.White House Press Secretary Karoline Leavitt said...

Washington, March 10 – Oil prices remained near $90 a barrel on Tuesday as the conflict involving Iran sent shockwaves through global energy markets, raising fears of prolonged supply disruptions through the critical Strait of Hormuz and prompting US lawmakers to propose emergency measures to...

New Delhi, March 7 As India explores alternative sources to further strengthen its energy security, countries like Australia, Canada, and several others have offered additional gas supplies, official sources said on Saturday.Citing the ongoing US-Iran conflict, which has led to the closure of...