Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, informed the Lok Sabha on Thursday that the country is successfully navigating the major disruption in global energy supplies following the West Asia conflict.
Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint
Speaking in the Lok Sabha, Rahul Gandhi said the war involving the United States, Israel and Iran is likely to have far-reaching global and domestic repercussions. He noted that the Strait of Hormuz, through which nearly 20% of the world's oil supply passes, has been blocked, creating a m
Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
Indraprastha Gas Limited (IGL) has assured consumers of uninterrupted supply of Piped Natural Gas (PNG) for household cooking and Compressed Natural Gas (CNG) for vehicles amid global energy market disruptions caused by the escalating conflict in the Middle East.
An Indian crew member was killed after the US-owned tanker Safesea Vishnu was attacked by an explosive-laden speedboat near Basra, Iraq. India confirmed that 15 other Indian sailors were successfully evacuated and are receiving diplomatic assistance as regional maritime security challenge
The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.
Two oil tankers caught fire near Iraq after being struck by an "unknown projectile," with UKMTO reporting all crew are "evacuated and safe." This follows a surge in maritime attacks amid regional conflict, drawing a sharp response from India and warnings from President Trump regarding the
The current round of conflict between Israel and the United States on one side and Iran on the other started on February 28. The West Asia conflict has caused disruption in global energy supply chains
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.
The ongoing war in West Asia is disrupting global energy supply chains and creating challenges for several sectors in India, including industries dependent on gas and port-based trade, Ranjeet Mehta, CEO and Secretary General of the PHD Chamber of Commerce and Industry (PHDCCI), told ANI