oil prices

March 12, New Delhi – U.S. President Donald Trump said on Wednesday that the United States had already won the war with Iran, but indicated that the fighting would continue for now.The U.S. President stated that the U.S. had disabled 58 Iranian naval ships and 28 mine-laying vessels, crediting...

The UN Security Council has passed a draft resolution calling for Iran to immediately halt its attacks on Gulf countries, stating that these attacks violate international law and pose a serious threat to international peace and security. The resolution passed with 13 votes and two abstentions...

Washington, March 12, President Donald Trump has said that US military action against Iran would help bring down global oil prices, telling supporters in Kentucky that a coordinated release of emergency crude reserves and continued pressure on Tehran would stabilize energy markets.Speaking at...

Strasbourg, March 11 – European Commission President Ursula von der Leyen said on Wednesday that the conflict in the Middle East has imposed heavy economic costs on Europe, driving up energy prices and adding billions of euros to import bills."Since the beginning of the conflict, gas prices...

New Delhi, March 11 With the West Asia conflict disrupting energy supplies, External Affairs Minister S Jaishankar on Wednesday spoke with his Russian counterpart, Sergey Lavrov, and the European Union's Foreign Policy chief, Kaja Kallas, focusing on managing the fallout of the crisis.Global...

U.S. Ambassador to India, Sergio Gor, today praised India's role in maintaining stable oil prices globally. In a social media post, Mr. Gor stated that the United States recognizes that ongoing purchases of Russian oil are part of this effort. He added that India is one of the largest consumers...

New Delhi, March 11 Indian oil marketing companies (OMCs) and GAIL (India) Limited could face cash flow pressures if disruptions linked to tensions involving Iran persist, particularly if the Strait of Hormuz remains closed or oil prices stay elevated for an extended period, according to Fitch...

New Delhi, March 11 Crude oil prices jumped by Rs 460 to Rs 7,881 per barrel in futures trading on Wednesday as global benchmarks advanced due to intensifying geopolitical tensions.On the Multi Commodity Exchange (MCX), crude oil for March delivery rose by Rs 460, or 6.2 per cent, to Rs 7,881...

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...

Mumbai, March 11 The benchmark equity indices, Sensex and Nifty, traded sharply lower during the afternoon session on Wednesday after a day of relative calm, as investor sentiment remained cautious amid ongoing tensions in West Asia and sustained foreign fund outflows.Furthermore, selling...

New Delhi, March 10 External Affairs Minister S Jaishankar held a conversation with his Iranian counterpart, Seyed Abbas Araghchi, on Tuesday – their third such conversation since the West Asia crisis began – as New Delhi intensified efforts to protect its energy security amid a virtual blockade...

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...

March 10, New Delhi — European gas prices plunged by around 15 percent on Tuesday following signals from US President Donald Trump that the US-Iran conflict could end sooner than anticipated.The Dutch Title Transfer Facility (TTF) natural gas contract, considered the European benchmark, fell...

March 10, New Delhi — G7 energy ministers will discuss how to address soaring energy prices caused by the conflict in the Middle East on a call on Tuesday, while a group of European Union leaders will do so later in the day.Oil prices fell on Tuesday after reaching their highest level in more...

New Delhi, March 10 Prime Minister Narendra Modi met with several key ministers on Tuesday and asked them to work together to ensure that Indian consumers do not suffer from the impact of the conflict in West Asia on the supply and price of petroleum products, sources said.Amid rising tensions...

March 10, New Delhi – Pakistani Prime Minister Shehbaz Sharif announced on Monday that schools in Pakistan would be closed for two weeks and announced sweeping cuts in government fuel consumption and spending.He stated that these measures are aimed at controlling the situation arising from...

New Delhi, March 10 Crude oil prices plunged by over 8 per cent to Rs 8,069 per barrel in futures trading on Tuesday, following comments from US President Donald Trump that the conflict with Iran may be nearing its end, easing fears of prolonged supply disruptions.Ending a three-day rally...

March 10, New Delhi – Iran launched fresh strikes on energy installations in the Gulf on Monday, including a petroleum complex in Bahrain, as oil prices soared due to fears of supply disruptions caused by the escalating conflict in West Asia.The sprawling Al Ma'ameer oil facility in Bahrain...

Mumbai, March 10 The rupee rebounded from its all-time low in early trading on Tuesday, rising by 7 paise to 92.14 as global oil prices fell after US President Donald Trump said the war with Iran may end soon.A weaker dollar and a strong opening in the domestic equity markets further supported...

Washington, March 10 – Democratic lawmakers in the United States sharply criticised President Donald Trump’s war with Iran, as gasoline prices surged nationwide, urging the White House to release oil from the Strategic Petroleum Reserve to ease pressure on American families.Oil prices have...