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A coordinated global effort to stabilise volatile energy markets gathered pace on Wednesday after the International Energy Agency (IEA) agreed to release the largest volume of emergency oil reserves in its history amid escalating tensions in the Middle East.According to an AP report, the Paris-based agency will make 400 million barrels available from members’ strategic…
White House spokesperson Karoline Leavitt Tuesday clarified that US Navy did not escort a tanker through the Strait of Hormuz at this time but added that it remains an option that the president will utilize if and when necessary. Hours before Leavitt’s press conference, US energy secretary Chris Wright claimed that the US military provided…
One of the world’s largest oil refineries in the United Arab Emirates has been shut down as a precaution after a drone attack near the facility, as the Middle East conflict continues to disrupt global energy supplies.The shutdown comes amid mounting fears of a broader energy crisis, with the Paris-based International Energy Agency announcing an…
The ongoing crisis in the Middle East has brought the Strait of Hormuz to the brink of closure, disrupting global oil supplies and forcing Gulf nations like UAE, Iraq and others, to slash production. With storage tanks filling rapidly, analysts warn of the growing risk of a total production shutdown if output is not carefully…
NEW DELHI: Describing the ongoing conflict in West Asia as “an issue of particular concern”, given that the region houses a crore Indians and holds the key to India’s energy security, external affairs minister S Jaishankar on Monday told Parliament that New Delhi’s approach would be guided by “national interest”.“Our national interest, including energy security…
Priyanka Chopra Jonas recently shared her insights on Indian history, the Vedas, and mythology during a podcast. She highlighted India’s history of being invaded but never invading others, and discussed ancient scriptures mentioning advanced technologies like ‘flying machines.’ Chopra also touched upon Hindu mythology’s themes of divine and human coexistence. Priyanka Chopra Jonas may be…
Union petroleum minister Hardeep Singh Puri has assured that oil imports to India are continuing smoothly through alternative routes as the Middle East conflict enters its second week and concerns are growing over the country’s energy supplies. The minister, on social media platform X, confirmed that inflows are “full flow from all non-Hormuz routes” and…
Amid concerns over global oil supply disruptions due to tensions in MIddle East, government sources on Saturday said India’s energy stock position is improving, adding that the situation has strengthened confidence about fuel supply stability in the country.According to government sources, the improvement in energy availability has reinforced the Centre’s position that petrol and diesel…
NEW DELHI: As geopolitical tensions escalate in the Middle East, India is exploring alternative energy sources to strengthen its energy security, with countries such as Australia and Canada offering additional gas supplies, according to official sources cited by PTI on Saturday.With ships and oil tankers avoiding the Strait of Hormuz in the Persian Gulf amid…
Global oil prices surged on Friday as the conflict in West Asia intensified, pushing benchmark crude above the $90 mark amid fears of further supply disruptions.The Brent North Sea crude, the international oil benchmark, rose more than 5% to $90.25 per barrel, its highest level since April 2024, AFP reported.The US benchmark West Texas Intermediate…
