Canberra, March 27 – Australia's fuel supply looks stable in the short term, but it will become more challenging in the coming months, said Australian Prime Minister Anthony Albanese on Friday.Addressing a press conference in Parliament House in Canberra regarding the escalating fuel crisis...
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strait of hormuz
New Delhi, March 26 Reliance Industries said on Thursday that it has not purchased crude oil of Iranian origin since the US temporarily removed sanctions to ease pressure on prices that followed the US-Israeli war on Iran.In a statement, Reliance termed reports of it buying Iranian oil as...
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March 20, New Delhi — Prices for oil and fuel cargoes have surged to record highs as supplies from the West Asia region remain severely restricted on the 21st day of the Iran war.Rising oil prices in physical markets—the trading hubs for oil transported by ships, rail cars, or stored in...
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iran war
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refining
supply gap
west asia
New Delhi, March 18 Silver prices edged lower by Rs 213 to Rs 2.52 lakh per kilogram in futures trade on Wednesday, tracking muted global trends and cautious investor sentiment ahead of key monetary policy decisions.On the Multi Commodity Exchange, the white metal for May delivery slipped by...
New Delhi, March 12 Crude oil prices rose by Rs 371 to Rs 8,406 per barrel in futures trading on Thursday, as traders increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for April delivery rose by Rs 371, or 4.62%, to Rs 8,406 per barrel in...
March 10, New Delhi – The head of the International Energy Agency (IEA), Fatih Birol, also participated in the meeting of G7 Finance Ministers concerning the global economic situation and the conflict in West Asia.Speaking about the IEA's assessment of the global oil market conditions, the IEA...
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fatih birol
g7 finance ministers
global economy
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international energy agency
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strait of hormuz
west asia
New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...
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fatih birol
india
india fuel exports
india oil imports
international energy agency
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strategic petroleum reserve
strategic petroleum reserves
strategic reserves
west asia
Washington, March 8 – US Energy Secretary Chris Wright said on Sunday that the US had asked India to purchase Russian oil cargoes that were waiting to be unloaded at Chinese refineries as a way to stabilize global energy markets during the ongoing conflict with Iran.In an interview with CNN...
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The US has given India permission to purchase Russian oil that is currently on ships in waterways, aiming to ease supply shortages globally amid the West Asia conflict."The world has ample oil supplies. Yesterday, the Treasury Department authorized our allies in India to begin buying Russian...
New Delhi, March 6 Crude oil prices saw a slight decrease of Rs 28, to Rs 7,189 per barrel, in futures trading on Friday, amidst global uncertainties.On the Multi Commodity Exchange, crude oil futures for April delivery slipped by Rs 28, or 0.39 per cent, to Rs 7,189 per barrel, with a trading...
New Delhi, March 5 The estimated average Brent crude price of USD 63/bbl for 2026 is unlikely to see a significant increase, as the closure of the Strait of Hormuz would be temporary, and the global oil market oversupply should limit price increases, Fitch Ratings said.Fitch said that while...
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strait of hormuz
united arab emirates
west asia
New Delhi, March 5 Crude oil prices rose by Rs 185 to Rs 7,055 per barrel in futures trading on Thursday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 185, or 2.69 per cent, at Rs...
New Delhi, February 27 Crude oil prices fell by Rs 72 to Rs 5,981 per barrel in futures trading on Friday, despite strong global trends, as participants took profits.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 72, or 1.19 per cent, to Rs 5,981 per...
New Delhi, February 24 Crude oil prices rose by Rs 50 to Rs 6,095 per barrel in futures trading on Tuesday, as participants increased their positions in response to strong spot demand.On the Multi Commodity Exchange, crude oil for March delivery rose by Rs 50, or 0.83%, to Rs 6,095 per barrel...
New Delhi, February 23 Crude oil prices fell by Rs 76 to Rs 5,981 per barrel in futures trading on Monday, amid weak global benchmarks.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 76, or 1.25 per cent, to Rs 5,981 per barrel in a business turnover of...
New Delhi, February 13 Crude oil prices saw a marginal decline of Rs 2 to Rs 5,699 per barrel in futures trading on Friday, as weak global trends and concerns about oversupply weighed on prices.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 2, or 0.04 per...