Search For "global oil"
"It is we who will determine the end of the war": Iran rejects Trump's cla
Updated : 5 days, 12 hours ago IST
Iran's IRGC has rejected US President Donald Trump's claim that the conflict will end "soon", asserting it will "determine" the war's conclusion. Tehran warned it would halt all regional oil exports if attacks continue, while Trump threatened to hit Iran "twenty times harder" if global su
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"We're waiving certain oil-related sanctions": Trump moves to curb global
Updated : 5 days, 12 hours ago IST
US President Donald Trump suggested a temporary waiver of certain oil sanctions to curb soaring energy prices. He noted the US Navy could escort tankers through the Strait of Hormuz if necessary. This follows recent Treasury sanctions on Iran's "shadow fleet" used to fund military program
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Trump and Putin discuss Iran, Ukraine conflicts during telephone call
Updated : 5 days, 17 hours ago IST
Russian President Vladimir Putin received a telephone call from US President Donald Trump, where the two leaders discussed the conflicts in Iran and Ukraine, Russia Today reported, citing Kremlin aide Yuri Ushakov.
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Iran's absence in oil market likely to be offset by global oversupply: Car
Updated : 6 days, 13 hours ago IST
Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
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"Very small price to pay": Trump says short-term oil spike acceptable amid
Updated : 6 days, 13 hours ago IST
Amid surging global oil prices triggered by escalating conflict in West Asia, United States President Donald Trump said the "short-term" spike is worth the cost if it eliminates Tehran's nuclear threat.
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Energy imports into the country are in full flow from all Non-Hormuz route
Updated : 1 week ago IST
Puri had an interaction with the mediapersons on Saturday, where he discussed the measures taken by India over ongoing energy availability, affordability and sustainability in the changing global order and challenges.
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Indian Railways' electrification drive acts as a safeguard against oil sup
Updated : 1 week, 1 day ago IST
Indian Railways has undertaken electrification of its network in mission mode over the last decade, significantly reducing its dependence on imported diesel. As a result, 99.4% of the Broad Gauge (BG) railway network has now been electrified, marking one of the largest infrastructure tran
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'Permitted India to accept Russian oil to ease temporary gap of oil around
Updated : 1 week, 1 day ago IST
Scott Bessent, the US Treasury Secretary, yet again said that the United States has given India the "permission" to accept Russian oil in the wake of the developing security situation in West Asia.
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"Need to secure threats in Strait of Hormuz": French Air Force Maj Gen on
Updated : 1 week, 1 day ago IST
Deputy to the Chief of the Air and Space Force Staff in the French Air Force, Major General Dominique Tardif, on Friday stressed the need to address security threats in the Strait of Hormuz amid the ongoing West Asia conflict, saying international cooperation would be essential to tackle the
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"Short-term measures to keep prices down": US Energy Secy on Washington is
Updated : 1 week, 1 day ago IST
US Energy Secretary Chris Wright on Friday said that Washington's decision on issuing a 30-day waiver to India to purchase certain Russian oil supplies is part of "short-term measures" aimed at keeping global oil prices under control amid supply pressures linked to tensions in the Middle
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Direct impact of 10% increase in oil prices estimated to be around almost
Updated : 1 week, 2 days ago IST
A 10 per cent increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation wh
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War would impact world economies; it should stop: BJP leader Dilip Ghosh o
Updated : 1 week, 4 days ago IST
West Bengal leader Dilip Ghosh on Wednesday expressed serious concern over the military escalation in the Middle East and underlined the long term impact of the joint US-Israel strikes and retaliatory strikes of Iran on the global economy and oil prices.
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