global energy supply

Washington, April 9 – A global oil shock linked to the Middle East conflict is set to hit growth and fuel inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday.In her opening speech ahead of the IMF's Annual...

April 05, New Delhi: Key members of the OPEC+ alliance are scheduled to meet on Sunday to discuss production quotas for the month of May, as the ongoing U.S.-Iran conflict continues to unsettle global oil markets.The Voluntary Eight Group within the alliance, which includes major producers...

Mumbai, April 2 Disruptions in the Strait of Hormuz have caused severe economic impact and energy instability in the region, said Indian Navy Chief Admiral D K Tripathi on Thursday, amid the ongoing conflict in West Asia.Admiral Tripathi stated that competition at sea is no longer limited to...

Washington, March 13 – The United States is “fully prepared” to deploy naval escorts for commercial vessels through the strategically important Strait of Hormuz as tensions in the Middle East escalate, with major implications for the flow of global energy supplies.“President Trump is fully...

Washington, March 9: Indian refineries processing Russian crude was a "pragmatic decision" taken to stabilize global energy markets and speed up supplies in Asia, US Energy Secretary Chris Wright said.Speaking on Fox News on Sunday (local time), Wright said the policy does not represent any...

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...