An Indian crew member was killed after the US-owned tanker Safesea Vishnu was attacked near Basra, Iraq, on March 11. The Indian Embassy in Baghdad confirmed that 15 other Indian sailors were successfully evacuated and are receiving assistance as regional maritime tensions continue to esc
The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.
Visakhapatnam Hotel Merchant Association has requested the Centre to provide support and communication over the shortage of commercial LPG cylinders amid the ongoing West Asia conflict.
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
New Delhi [India], March 15 (ANI): The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha on Monday informed that the geopolitical situation between Russia and Ukraine has resulted in a steep increase in global crude oil and gas
New Delhi [India], February 26 (ANI): The Government of India said on Saturday it is closely monitoring global energy markets as well as potential energy supply disruptions as a fall out of the evolving geopolitical situation amid escalation in the Russia-Ukraine conflict.