supply chain disruptions

Tokyo, March 26 – Japan began releasing 30 days' worth of oil from state reserves on Thursday to mitigate the impact of the West Asia conflict on its economy, as concerns over supply and soaring oil prices mount, local media reported.The move followed the country's decision to draw down 15...

Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...

New Delhi, March 23 The real estate associations, CREDAI and NAREDCO, said on Monday that developers are starting to feel the impact of the ongoing conflict in West Asia due to the short supply of some building materials, and that construction costs could rise if tensions continue for a longer...

New Delhi, March 23 India's strategic oil reserves, designed to provide cover for about 9.5 days of supplies during disruptions or price shocks, are currently at only two-thirds capacity, the Rajya Sabha was informed on Monday.India, the world's third-largest energy consumer and heavily...

New Delhi, March 22 The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks up for sale across several states.This development is significant as the government aims to strengthen India's self-reliance in clean energy, advanced...

New Delhi, March 22 – Prime Minister Narendra Modi will chair a high-level meeting on Sunday evening to review the situation in the petroleum products, crude oil, power, and fertilizer sectors, given the evolving situation in West Asia, according to reliable sources.The meeting, which will be...

New Delhi, March 22 India's urea plants are operating at half capacity after force majeure declarations disrupted LNG flows through the Strait of Hormuz amid escalating West Asia tensions, industry sources said on Sunday.Petronet LNG Ltd, which operates India's largest liquefied natural gas...

Washington, March 19 – The United States is considering a series of emergency energy measures, including releasing more crude oil from its strategic reserves and easing restrictions on Iranian oil, as the White House moves to contain rising prices following fresh disruptions in global supply...

New Delhi, March 15 Exporters and logistics providers are minimizing disruptions caused by the ongoing West Asia crisis by closely monitoring carriers, planning shipments in advance, and exploring alternative routes.The exporting community said that businesses are also adjusting inventory...

Shimla, March 13 Amid reports of the West Asia conflict disrupting the supply of commercial LPG in many parts of the country, the owners of small eateries in Shimla are feeling the pressure of "irregular" supply, forcing some dhaba owners in Lakkar Bazaar to close their shops due to the...

Union Finance Minister Nirmala Sitharaman stated that the government has strengthened the overall macroeconomic framework, which has enabled the nation to absorb economic shocks of various kinds without deviating from the fiscal consolidation roadmap. Responding to the Discussion on...

New Delhi, March 12 BJP MP Jagdambika Pal said on Thursday that the Modi government has shown foresight in proposing a Rs 1 lakh crore Economic Stabilisation Fund, which will act as a shield against future shocks.Participating in a discussion on the second batch of Supplementary Demands for...

New Delhi, March 11 India's purchase of Russian crude oil has surged by 50 per cent in March as New Delhi tapped alternative sources to compensate for the shortfall arising from disruptions in the Middle East amid an escalating military conflict.India bought about 1.5 million barrels of...

New Delhi, March 11 As irregular LPG supplies hit kitchens across Delhi, many restaurants are staring at losses, with some fearing temporary closure after being left with stock for only a day or two.As irregular LPG supplies grip kitchens across Delhi, many restaurants are left with stock for...

New Delhi, March 11 Shares of kitchen appliance manufacturers, including Butterfly Gandhimathi Appliances, were in focus on Wednesday, driven by hopes of increased demand amid disruptions in the supply of commercial LPG cylinders due to the West Asia crisis.Shares of Butterfly Gandhimathi...

Kolkata, March 11 West Bengal Chief Minister Mamata Banerjee on Wednesday blamed the Centre for the LPG supply shortage, alleging that the Union government imposed restrictions without first ensuring adequate reserves of cooking gas and petroleum products in the country.Speaking to Bengali...

Chennai, March 11 – A severe shortage of commercial LPG cylinders across Tamil Nadu could force nearly one lakh restaurants to shut down within the next two days, the Tamil Nadu Hotel Owners Association has warned, and urged the Centre to take urgent measures to ensure uninterrupted supply of...

Amaravati, March 10 The Andhra Pradesh Star Hotels Association appealed to the state government on Tuesday to ensure a reasonable and uninterrupted supply of commercial gas cylinders, as oil marketing companies are rationing supplies amid supply chain disruptions caused by the ongoing war in...

Amaravati, March 10 The Andhra Pradesh Star Hotels Association appealed to the state government on Tuesday to ensure a reasonable and uninterrupted supply of commercial gas cylinders, as oil marketing companies are rationing supplies amid supply chain disruptions caused by the ongoing war in...

Jaipur, March 10 – Rajasthan Food and Civil Supplies Minister Sumit Godara stated on Tuesday that the global energy market has been affected due to international supply disruptions and the war-like conditions prevailing in the Gulf region.He said that crude oil prices in the international...