New Delhi, April 6 Crude oil prices rose by Rs 91 to Rs 9,284 per barrel in futures trading on Monday, remaining near record levels, after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened.On the Multi...
April 06, New Delhi: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have agreed to implement a production adjustment of 206,000 barrels per day.The eight OPEC+ members, who had announced voluntary additional cuts in April, met virtually on Sunday to review...
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April 06, New Delhi: Oil prices rose, bond prices declined, and Asian stocks showed mixed performance on Monday as U.S. President Donald Trump warned of targeting Iran's power plants and bridges if the Strait of Hormuz is not reopened by Tuesday.S&P 500 futures fell by 0.2%, while MSCI's...
Washington, April 6 – Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.Oil prices climbed after US...
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...
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...