Oil
- Business
Oil prices resume their climb as US prepares for blockade of Hormuz
Tokyo: Oil prices resumed their climb and Asian markets mostly declined Monday, April 13, as the US military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping…
- Middle East
Attack on Saudi pipeline wipes out 10 pc of oil export capacity, disrupts supply
Riyadh: An attack on Saudi Arabia’s East-West pipeline has wiped out roughly 10 percent of the Kingdom’s oil export capacity, disrupting global supply flows as regional tensions continue to escalate following the…
- Business
Oil prices rise again on the fragile Iran ceasefire
Hong Kong: Oil rose again to above USD97 a barrel and Asian stocks were trading lower Thursday, April 9, on skepticism over a fragile ceasefire between the US and Iran. Investors were…
- India
Delhi govt mandates LPG supply to businesses only if they apply for PNG connection
New Delhi: The Delhi government has tightened norms for the supply of commercial LPG cylinders, making it mandatory for businesses to either have or apply for a piped natural gas (PNG) connection…
- Business
Silver futures slump 6 pc as Iran tensions rise, dollar strengthens
New Delhi: Silver prices slumped Rs 14,301 to Rs 2.29 lakh per kilogram in futures trade on Thursday, April 2, amid renewed escalation signals from President Donald Trump on the Iran conflict,…
- World
Gulf oil spill spreads widely, kills Wildlife, pollutes Meican reserves
Mexico City: An oil spill in the Gulf of Mexico in early March spread more than 600 kilometres, including to seven nature reserves, and originated from a vessel yet to be identified…
- World
Japan starts releasing state oil reserves to blunt impact of West Asia tensions
Tokyo: Japan began releasing 30 days’ worth of oil from state reserves on Thursday, March 26, to cushion the impact of the West Asia conflict on its economy, as concerns over supply…
- World
US steps up efforts to secure Hormuz, stabilise oil flow
Washington: The United States is intensifying efforts to secure the Strait of Hormuz and stabilise global oil flows as its military campaign against Iran continues, with the White House saying operations are…
- World
Asia boosts coal use as Iran war squeezes global LNG supplies
Bangkok: Asian countries are turning to coal as the Iran war disrupts oil and gas shipments. The continent is exposed because it relies on imported fuel, much of it passing through the…
- Bangalore
Adjust to 20 pc commercial LPG supply, use alternatives: Karnataka Minister
Bengaluru: Karnataka Food and Civil Supplies Minister K H Muniyappa on Monday, March 23, said the state is supplying about 20 per cent of the usual commercial LPG demand, prioritising essential sectors,…
- Business
Benchmark bond yield rises to 14-month high amid crude price worries
Mumbai: Indian benchmark bond yield rose to a 14-month high on Monday, March 23, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year…
- World
US pauses sanctions on Iranian oil stranded on tankers at sea until April 19
Florida: US officials have announced that the Trump administration will lift sanctions on Iranian oil stranded at sea under a one-month license as the White House tries to bring down soaring oil…
- World
Iran targets busiest international airports of Gulf neighbours
Iran targeted the world’s busiest international airport Wednesday and attacked commercial ships as US and Israeli strikes rocked Tehran, while the United Nations’ most powerful body demanded a halt to the Islamic…
- Middle East
US to release 172 million barrels from oil reserves as Iran war drives global price surge
The United States–Israeli war on Iran entered its 13th day on Thursday, March 12, as Washington announced plans to release 172 million barrels of oil from its Strategic Petroleum Reserve in an…
- World
Trump says Reliance to invest in new Texas oil refinery
New York: US President Donald Trump has said that India’s Reliance Industries will make an investment in a new oil refinery being opened in Texas, thanking the company and “our partners in…
