strait of hormuz
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Hormuz Strait: 16 Indian Vessels Remain Stranded Amid Shipping Disruption
New Delhi, April 6 Two more Indian-flagged LPG tankers have safely crossed the war-affected Strait of Hormuz and are headed for Indian ports, even as 16 other vessels remain stranded in the Persian Gulf, officials said Monday.The LPG vessel Green Sanvi, carrying 46,650 tonnes of LPG, is... - H
Aramco Raises Crude Prices Amid Strait of Hormuz Disruptions
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... - H
Crude Oil Prices Surge as Hormuz Strait Remains Blocked
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... - H
Currency Markets Watch RBI MPC Meeting and Crude Prices
New Delhi, April 6 – The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market.The domestic currency was trading at 93 per dollar in early trade, compared to its... - H
Gold & Silver: Geopolitical and Economic Factors to Watch
New Delhi, April 5 Gold and silver are expected to remain within a range with a positive bias next week as investors monitor geopolitical developments in West Asia and key global macroeconomic data, analysts said.On the domestic front, investors will also be looking for the Reserve Bank of... - H
Pipeline Expansion as Gulf States Diversify Exports
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... - H
Indian Vessels Continue Passage Through Conflict-Ridden Strait of Hormuz
New Delhi, April 5 – An Indian-flagged vessel, the Green Asha, has safely crossed the Strait of Hormuz, marking the ninth Indian tanker to transit the crucial maritime corridor since the onset of the ongoing West Asia conflict.The development comes even as tensions remain high and security... - H
Supply Chain Disruptions: War in Iran Raises US Costs
Washington, April 5 The war against Iran has begun to impact Americans, with Amazon announcing a fuel surcharge for its e-commerce deliveries and some airlines raising fees for checked baggage to offset higher fuel costs.The average price of gasoline in the US has increased to USD 4.09 per... - H
LPG Shipment Offers Supply Relief Amid Middle East Tensions
New Delhi, April 4 – An LPG tanker bound for India has begun its journey through the strategically important Strait of Hormuz, offering some relief to concerns about energy supplies amid the ongoing conflict in West Asia.The vessel, Green Salvi, is carrying over 46,000 metric tonnes of... - H
Brent Crude Reaches Multi-Year Highs Amid Regional Tensions
New Delhi, April 3: Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, raising fresh concerns about supply disruptions from the West Asia region.Brent crude futures traded at $109.24 per barrel, up 8%... - H
Gold Prices Plunge as Geopolitical Tensions Rise
New Delhi, April 2 Gold prices plunged by Rs 6,004 to Rs 1.47 lakh per 10 grams in futures trading on Thursday, amid heightened geopolitical tensions in the Middle East that boosted the US dollar and dampened investor sentiment.Breaking a four-day winning streak, the yellow metal for June... - H
Crude Oil Futures Fall Amid Trump's Iran Comments
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)... - H
ATF Prices Double: Airlines Get Partial Relief Amid Global Surge
New Delhi, April 1 – ATF or jet fuel prices more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, but state-owned oil companies passed on only a fraction of the increase to domestic airlines, adopting a calibrated approach to dealing with the war-linked surge in global oil...- Himanshu
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- airline industry aviation turbine fuel (atf) bharat petroleum commercial lpg domestic airlines energy market fuel costs hindustan petroleum india indian oil corporation international benchmarks lpg prices oil prices petroleum prices state-owned oil companies strait of hormuz
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- Forum: Business
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Crude Oil Prices Fall as US-Iran De-escalation Hopes Rise
New Delhi, April 1 International crude oil prices on Wednesday trimmed early gains and fell nearly 3 per cent from the day's high, as optimism over a possible easing of the US-Iran conflict weighed on markets.Brent crude futures slipped to an intraday low of $102.79 per barrel, down about 2.9... - H
Airfares to Remain Stable Amid ATF Price Adjustments
New Delhi, April 1 – The government stated on Wednesday that domestic airfares are unlikely to see a sharp increase, as it has mitigated the impact of a steep rise in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of...- Himanshu
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- air connectivity airline industry aviation turbine fuel (atf) cargo movement civil aviation crude oil prices domestic airfare fuel prices geopolitical situation india ministry of petroleum and natural gas oil marketing companies price increase public sector oil companies strait of hormuz
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- Forum: Business
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ATF Prices Surge to Record High, Domestic Airlines Get Partial Relief
New Delhi, April 1 The price of Aviation Turbine Fuel (ATF), or jet fuel, more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, mirroring the surge in global oil prices last month, but for domestic airlines, the increase would only be 8.5 per cent.Domestic airlines will pay... - H
India’s PNG Rollout Accelerates Amid Supply Concerns
New Delhi, March 31 India added more than 3.1 lakh new piped natural gas (PNG) connections in March, and another 2.7 lakh connections were issued as the government accelerated the expansion of cleaner fuel networks amid supply disruptions following the closure of the Strait of Hormuz.With the... - H
Geopolitical Tensions Drive South Korean Won Decline
Seoul, March 31 – The South Korean currency plummeted sharply to a 17-year low against the US dollar on Tuesday, as the escalating Middle East conflict fueled fears of further disruptions to global oil supplies and broader economic impacts.The won was quoted at 1,530.1 won per dollar, down... - H
Government and Firms Partner on Crude Oil Reserves in Korea
South Korea Launches Crude Oil Swap System to Counter Supply Risks Amid Strait of Hormuz Disruptions Government Introduces Temporary Oil Swap Mechanism Seoul, March 31: South Korea’s government has introduced a crude oil swap system with private refiners starting Tuesday, aiming to stabilize... - H
Energy Cargo Vessels Delayed: India Ships in Strait of Hormuz
New Delhi, March 30 As many as 19 ships carrying LPG, crude oil, and LNG destined for India are currently stranded in the Strait of Hormuz due to the escalating conflict in West Asia.At an inter-ministerial briefing on the fallout of developments in West Asia, Rajesh Kumar Sinha, Special...