oil supply

New Delhi, March 6 Following the US announcement that it is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil, the BJP on Friday termed the development a success of "strategic oil diplomacy" under Prime Minister Narendra Modi, and said it is a "major...

Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supply due to the ongoing conflict in West Asia...

Islamabad, March 5 Pakistan decided on Thursday to introduce weekly revisions in petroleum prices, effective from Saturday, and to consider measures such as working from home and distance learning to conserve fuel amid possible disruptions in oil supplies due to the ongoing conflict in West...

New Delhi, March 5 As tensions continue to escalate amid the ongoing conflict in West Asia, Russian Ambassador to India, Denis Alipov, called for resolving the issue through negotiations on Thursday. As concerns grow over rising global prices following the closure of the Strait of Hormuz, the...

Islamabad, March 5 Pakistan is considering various measures, including weekly revisions to petroleum prices, compensating oil companies, and mandatory work-from-home arrangements, to "maintain market liquidity" amid disruptions in trade following the closure of the Strait of Hormuz, a media...

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...

New Delhi/ Mumbai, March 3 The state-owned Airports Authority of India (AAI) has asked all international airport operators in the country to provide details about available fuel stocks as well as estimated requirements for the next seven days amid the escalating Middle East crisis, sources said...

New Delhi, March 2 (PT) Asian countries are the most vulnerable to disruptions in oil and gas supply through the Strait of Hormuz, with Japan facing the highest risk, followed by South Korea and India, according to international research group Zero Carbon Analytics.The Strait of Hormuz lies...

Mumbai, March 2 The benchmark stock market indices, Sensex and Nifty, plunged by over 1 per cent on Monday as investor sentiment was severely affected following a sharp rise in crude oil prices amid escalating tensions in the Middle East.Weak trends in global markets and heavy outflows of...

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...

Washington, February 23 – U.S. President Donald Trump is considering military options against Iran as diplomacy enters what officials describe as a last-ditch phase, even as Tehran’s closest allies – China and Russia – appear reluctant to offer direct military support in any conflict with the...