Latest News, Updates & Breaking Headlines
NEW DELHI: A Liberian-flagged ship, “captained by an Indian national”, loaded with crude oil from the Saudi port of Ras Tanura has arrived at the port of Mumbai, via the Strait of Hormuz, Mumbai Port Trust has informed.Tanker Shenlong Suezmax, allegedly carrying approximately 135,335 metric tonne (or roughly 1 million barrels) of crude oil, had…
The effects of this situation will vary across countries, with some economies facing greater strain while others could see limited gains. (AI image) The US-Israel-Iran war has lasted for over 10 days – and with no signs of either side relenting the global economy is feeling the ripple effects of conflict. The economic fallout from…
Oil cos plan kerosene backup in UP if LPG shortage worsens LUCKNOW/AYODHYA: Will kerosene make a comeback in your kitchen? Preparing for the possibility of a temporary LPG shortage in the next 10–12 days, oil marketing companies (OMCs) working in UP have begun formulating contingency measures to ensure households continue to have access to cooking…
‘Oil Cos Have Ramped Up Output By 25%’ NEW DELHI: Govt on Wednesday said oil companies have ramped up LPG output by 25%, helping bridge a part of the deficit due to deficient imports, and advised against panic buying as cylinders were being delivered in two-and-a-half days. India imports around 60% of LPG. “Feedback suggests…
The United States is set to release 172 million barrels of oil from strategic reserve, the energy department said on Thursday. This came after US President Donald Trump said that he would tap into strategic reserves to reduce prices amid Iran war.“Right now we’ll reduce it a little bit and that brings the prices down,”…
Gulf Air has opened passenger registration for a limited number of special flights operating from Saudi Arabia’s Dammam as the temporary closure of Bahrain’s airspace continues to disrupt normal operations. In an update shared with travellers, the Bahraini national carrier said it will operate daily return flights from King Fahad International Airport in Dammam starting…
NEW DELHI: Prime Minister Narendra Modi on Wednesday assured that the Centre would extend all possible assistance to Indian citizens stranded in the Gulf region amid the ongoing Middle East crisis, saying the government was closely monitoring the situation and taking steps to support Indians in West Asia.Addressing a rally in Kochi, Kerala, the prime…
As the Strait of Hormuz faces disruption, Saudi Arabia’s East-West and UAE’s Habshan-Fujairah pipelines are crucial overland routes for crude oil. These pipelines, designed for emergencies, are now vital shock absorbers for the global economy, preventing a full-blown market panic despite not fully replacing Hormuz’s capacity. Their continued operation is paramount. TL;DR: Driving the newsAs…
Image credits: Royal Australian Air Force Australia will deploy a long-range military reconnaissance aircraft to the Gulf as tensions escalate in the Middle East, Prime Minister Anthony Albanese said Tuesday.The government will send an E-7A Wedgetail aircraft along with supporting defence force personnel for an initial four-week mission aimed at helping “protect and secure the…
NEW DELHI: Even as tensions escalate across West Asia, queues outside visa application centres for Gulf countries in Delhi show little sign of slowing, with many workers saying economic compulsions leave them little choice but to travel to the restive region.Outside centres processing visas for UAE and Saudi Arabia on Monday, dozens of applicants were…
