saudi arabia

Korea to Reroute Energy Lifeline: Saudi Pledges Priority Oil Shipments Amid Red Sea Push Seoul authorities are rapidly pivoting energy strategies as crucial Middle Eastern shipping lanes face disruption. South Korea is actively seeking alternative oil supply routes, with Saudi Arabia reportedly...

Pakistan Secures $5 Billion Lifeline from Saudi Arabia and Qatar Amid Urgent Debt Repayments Pakistan stands poised to receive a crucial USD 5 billion in financial support from Saudi Arabia and Qatar. This influx of capital is critically timed to bolster the nation's fragile external financial...

Ludhiana, April 9 The country's merchandise exports are expected to decline by 2-3 per cent in 2025-26 due to global economic uncertainties, exacerbated by the West Asia crisis, according to FIEO.Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may...

Seoul, April 7 – South Korea has secured an additional 60 million barrels of alternative oil supplies for May, which will replace supplies from the Middle East that have been disrupted due to the effective closure of the Strait of Hormuz, the government said on Tuesday.The country has secured...

New Delhi, April 6 – Saudi Arabia increased the price of its flagship crude on Monday, with state-owned Saudi Aramco setting the official selling price for its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers.This steep...

New Delhi, April 5 In their collective commitment to support oil market stability amid the West Asia crisis, the eight OPEC+ countries — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — decided on Sunday to implement a production adjustment of 206,000 barrels per day...

New Delhi, April 5 – With the ongoing conflict in the Middle East showing no signs of abating, Gulf nations are intensifying their efforts to reduce their dependence on the Strait of Hormuz, a vital transit chokepoint through which nearly 20 million barrels of oil pass daily, according to a...

Seoul, April 5 – Finance Minister Koo Yun-cheol urged the Gulf Cooperation Council (GCC) countries to strengthen cooperation to help stabilize energy and raw material supply chains amid prolonged tensions in the Middle East, the finance ministry said on Sunday.Koo, who also serves as deputy...

New Delhi, April 1 Crude oil prices fell by more than 3 percent to Rs 9,265 per barrel in futures trading on Wednesday as investors booked profits after US President Donald Trump said the military could end its offensive against Iran in two to three weeks.On the Multi Commodity Exchange (MCX)...

Strait of Hormuz Tensions: China Hesitant on Iran’s Safe Corridor, Risks Rise for Asian Energy Supply New Delhi, March 27 – Iran’s proposal to establish a safe shipping corridor in the Strait of Hormuz has received a lukewarm response from China, highlighting growing concerns among major Asian...

New Delhi, March 26. Flight operations from the Middle East to India are improving as more flights arrive from the war-affected region.Around 80 flights were expected to arrive from various airports in the UAE on Thursday, as airlines are operating a limited number of non-scheduled flights...

India Sees Improved Flight Connectivity from Middle East; Over 426,000 Passengers Repatriated New Delhi, March 25, 2026 – The Ministry of External Affairs (MEA) reported that flight operations from Middle Eastern countries to India are gradually improving, with additional unscheduled and...

India’s Engineering Goods Exports Hit $10.36 Billion in February 2026, Achieving Double-Digit Growth New Delhi, March 25, 2026 – Despite ongoing geopolitical tensions and a global economic slowdown, India’s engineering goods exports recorded 12.9% year-on-year growth in February 2026, reaching...

New Delhi, March 23 Air India's Boeing 787-8 aircraft, flying from Bengaluru to London Heathrow, was diverted to Jeddah on Monday due to a technical issue after being airborne for over six hours.In a statement, a spokesperson for the airline said that the aircraft made a precautionary...

New Delhi, March 23 – Around 95 flights are expected to arrive in India from the UAE on Monday, as limited non-scheduled flights continue from the region. Flights from Saudi Arabia and Oman to India are also continuing, according to an official statement.The airspace over Qatar remains...

Civil Aviation Ministry Monitors West Asia Conflict Impact on Flight Operations New Delhi, March 23 – The Ministry of Civil Aviation said on Monday that the financial and operational implications of the West Asia conflict on flight operations are evolving, and appropriate measures are being...

Gulf Energy Strikes Disrupt Global Supply, Boost Upstream Firms While Downstream Faces Pressure Energy Price Surge Shifts Sector Dynamics New Delhi, March 20 – Recent strikes at Gulf energy facilities have triggered sharp disruptions in global oil and gas flows, driving prices higher and...

DGCA Advises Airlines to Avoid Key West Asia Airspaces Amid Rising Conflict Risks New Delhi, March 20 (Friday): India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), has issued a directive to airlines to avoid operating in several West Asian airspaces due to escalating...

UAE Assures Priority Crude Oil Supply to South Korea Amid Middle East Tensions South Korea Secures 24 Million Barrels of Oil from UAE Seoul, March 18: The United Arab Emirates has assured South Korea of priority access to crude oil supplies, as concerns over global energy stability intensify due...

Japan Has No Plans to Escort Ships in Middle East, Says PM Sanae Takaichi Tokyo Responds After Donald Trump Urges Allies to Protect Tankers in Strait of Hormuz Japan has no plans to deploy naval vessels to escort ships in the Middle East, Prime Minister Sanae Takaichi said on Monday, after U.S...