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As the Middle East conflict continues to escalate, India is rerouting its crude supply chains to secure uninterrupted fuel imports. Indian refiners are securing additional crude oil from the United States, Russia, and West Africa to maintain adequate supplies if the Middle East conflict stretches on for long, industry officials and analysts said. Refineries that…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
India has sought to buy Russian crude to avoid supply shortages as Middle East tensions show no sign of abating. (AI image) India is back to stepping up purchases of Russian crude as the ongoing US-Israel-Iran war blocks Strait of Hormuz and crucial oil supplies from the Middle East, according to reports. India imports nearly…
Stocks in the United Arab Emirates fell sharply on Wednesday as markets reopened after a rare two-day trading halt triggered by Iran’s missile and drone attacks on the Gulf nation over the weekend, prompting investors to reassess geopolitical risks, Reuters reported.Dubai and Abu Dhabi exchanges had suspended trading on March 2 and March 3 —…
According to Goldman Sachs, Indian companies could be among the hardest hit in Asia by the conflict involving Iran. (AI image) US-Israel-Iran war impact: Indian equity benchmarks, Nifty50 and BSE Sensex, will see mounting pressure in the coming days if the Middle East crisis persists, feel analysts. Indian stocks, already under pressure, are expected to…
Both India and China are big consumers of oil from the Middle East. (AI image) Is India the most vulnerable to prolonged oil supply shocks in wake of the ongoing Middle East tensions post Israel-US strikes on Iran and the latter’s retaliation? India, a fast-growing oil consumer, is the country most vulnerable to crude supply…
Asia relies heavily on energy supplies from the Middle East, leaving the region particularly exposed. (AI image) Middle East tensions due to the ongoing conflict of Israel and the US with Iran have raised fears of the Strait of Hormuz – a key maritime route being closed – threatening crude oil and LNG supplies for…
The Nifty IT index plunged 19.5% in February, marking its steepest monthly decline in 17 years, as mounting fears of artificial intelligence-led disruption triggered heavy selling across technology services stocks.The fall is the sharpest since September 2008, when the index had dropped nearly 21% during the global financial crisis. The index declined in 12 of…
The global smartphone market is now bracing for its sharpest downturn ever in 2026m with shipments expected to fall 12.9% to 1.12 billion units, according a new report from IDC. According to a report by Reuters, the figure marks the lowest level in more than a decade and signals a structural reset for the industry….
A sharp selloff in technology stocks has pushed the Nifty IT index into its steepest monthly decline since the 2008 global financial crisis, as fears around artificial intelligence disruption rattled investor confidence.With Tuesday’s 6% decline, the Nifty IT index has plunged over 21% in February alone, marking its worst monthly fall since the 2008 global…
