strait of hormuz

Sri Lanka Urges Public to Conserve Fuel and Electricity Amid Price Hikes and Global Oil VolatilityColombo, March 22 – The Sri Lankan government has urged citizens to use fuel and electricity sparingly due to potential shortages amid volatile global oil markets. This advisory follows a second...

India Urea Production Hit as LNG Disruptions Force Plants to Run at Half Capacity New Delhi, March 22: India’s urea production has taken a hit as fertiliser plants across the country are operating at nearly half their capacity following disruptions in liquefied natural gas (LNG) supplies through...

New Delhi, March 22 — Bitcoin and the broader cryptocurrency market extended their decline on Sunday amid escalating tensions in the Middle East, triggered by fresh warnings from U.S. President Donald Trump.Bitcoin dropped to around $68,241 per coin, with analysts cautioning that prices could...

New Delhi, March 22 — Amid ongoing global supply chain disruptions, a large cargo ship carrying liquefied petroleum gas (LPG) from the U.S. has safely arrived at Mangalore Port.The Pyxis Pioneer, transporting LPG from Texas, successfully docked at the port. Prior to this, another vessel...

New Delhi, March 20 The price of premium or higher-grade petrol increased by Rs 2 per litre on Friday, while the rate of bulk diesel sold to industrial users was hiked by about Rs 22 per litre, reflecting the spike in global oil prices amid the conflict in the Middle East.However, the price of...

MCX Crude Declines After Three-Day Rally New Delhi, March 20: Crude oil prices declined sharply in futures trading on Friday, with rates falling by Rs 190 to Rs 8,808 per barrel as traders assessed the possibility of additional Iranian supply entering the global market.On the Multi Commodity...

India LPG Supply Remains Stable Despite Strait of Hormuz Tensions Gulf Tensions Trigger Concerns Over Energy Supply Chains New Delhi, March 20: Rising geopolitical tensions in the Gulf region, particularly around the Strait of Hormuz, have once again brought global energy supply vulnerabilities...

IEA Recommends Remote Work, Lower Speed Limits to Tackle Global Oil Shock Middle East Disruptions Push Oil Prices Above $100 per Barrel New Delhi, March 20 The International Energy Agency (IEA) has proposed a series of immediate demand-side measures such as remote working, reduced speed limits...

Pakistan Faces Rising Energy Risks as Oil Prices Surge Amid Middle East Tensions Strait of Hormuz Concerns Intensify Pressure on Import-Dependent Economy New Delhi, March 20 – A sharp rise in global oil prices, driven by escalating geopolitical tensions in the Middle East, has heightened...

Oil Prices Fall Over 3% as US Signals Possible Easing of Iranian Crude Sanctions Mumbai, March 20: Global crude oil prices declined sharply on Friday after the United States indicated a potential easing of sanctions on Iranian oil, raising expectations of increased supply in the global market...

India’s Oilmeal Exports to China Surge Over 20 Times Amid Price Advantage, Future Risks Emerge Sharp Rise in Oilmeal Shipments to China in FY26 India’s oilmeal exports to China have recorded a dramatic surge in the current financial year, rising more than 20-fold during the first eleven months...

430 Ceramic Factories Halt Operations Amid Fuel Shortage Morbi, March 18 In a significant disruption to India’s ceramic manufacturing sector, around 430 ceramic units in Morbi, Gujarat, have decided to suspend operations for at least three weeks due to a severe gas supply shortage triggered by...

Rupee Hits All-Time Low of 92.40 Against US Dollar Amid Oil Surge and FII Outflows Indian Currency Extends Losses as Global Pressures Mount Mumbai, March 17: The Indian rupee weakened further on Tuesday, slipping 12 paise to close at a record low of 92.40 against the US dollar, as rising crude...

Crude Oil Prices Rebound 3% in Futures Trade Amid West Asia Supply Concerns Oil Futures Recover After Sharp Decline in Previous Session Crude oil prices rebounded sharply in futures trading on Tuesday, March 17, rising by ₹261 to ₹8,981 per barrel on the Multi Commodity Exchange (MCX), supported...

India Extends Export Relief Measures Till March 31 Amid Strait of Hormuz Disruptions Government Expands Support to Ease Trade Challenges in Gulf Region New Delhi, March 17: The government on Tuesday extended relief measures for export cargo until March 31, as ongoing disruptions in the Strait of...

LPG Carrier Nanda Devi Reaches Vadinar Port Amid Strait of Hormuz Tensions Second LPG Shipment Safely Arrives in Gujarat India’s second liquefied petroleum gas carrier, Nanda Devi, reached Vadinar port in Gujarat on March 17, carrying 46,500 metric tonnes of LPG after successfully navigating the...

Global Oil Disruption: Jet Fuel and Diesel Prices Surge Faster Than Crude Amid Middle East Conflict Refined Products Face Greater Impact Than Crude Oil New Delhi, March 17: The ongoing conflict involving Iran across the Middle East is reshaping global energy markets, with refined petroleum...

Asian Stocks Rise as Strait of Hormuz Hopes Lift Sentiment; Oil Rebounds Near $102 Asia Markets Open Higher Tracking Wall Street Gains Asian equities began Tuesday’s session on a positive note, following gains on Wall Street driven by easing concerns over disruptions in the Strait of Hormuz...

Crude Oil Prices Rebound Amid West Asia Tensions and Supply Disruptions Crude oil prices are witnessing modest gains in early trade on March 17, recovering after a sharp overnight decline, as geopolitical tensions across West Asia continue to influence market sentiment.Oil Prices Recover After...

India’s Merchandise Exports Slip Slightly in February; Trade Deficit Widens to $27.1 Billion India’s merchandise exports recorded a marginal decline in February, while imports rose sharply, pushing the country’s trade deficit higher, according to government data released on Monday, March 16...