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India is seeking support from the United States to secure marine insurance cover for vessels transporting oil from the Middle East, as the government looks to ensure continuity of energy supplies amid disruptions in the Strait of Hormuz, a senior oil ministry official told PTI.The move comes as the widening conflict in West Asia has…
NEW DELHI: India on Thursday reiterated that it’s in a comfortable position with regards to energy supply, amid the Middle East tensions.Country’s energy situation is being reviewed twice a day and remains in a comfortable position on energy security despite the escalating tensions in West Asia, government sources, cited by ANI, said.Officials maintained that there…
Russia on Tuesday indicated that it is ready to support India with energy supplies in case of any disruption arising from the ongoing crisis Middle East, amid increasing global concerns around impact of Gulf tensions on energy supplies and prices. Reuters citing sources said, “Russia is ready to help India with energy supplies in case…
Indian firms on Tuesday curtailed natural gas allocations to industrial consumers amid expectations of supply constraints. (AI image) Middle East war impact: Indian buyers of liquefied natural gas are currently looking at alternative sourcing strategies to make up for disrupted supplies from Qatar, after the Gulf producer halted output in the wake of an Iranian…
Refiners have begun scouting for alternative crude sources to offset supplies affected by the conflict in West Asia. (AI image) India is looking at several emergency measures to tackle the risk of fuel shortages if shipping through the Strait of Hormuz remains affected for an extended period. Strait of Hormuz in the Persian Gulf is…
NEW DELHI: Amid fears of a shortage in crude supplies, govt is looking to nudge refiners to divert more auto fuel and LPG to the domestic market by cutting on exports and also increase cooking gas production so that there is no disruption in local supplies.While govt and oil companies insisted there’s no shortage, refiners…
NEW DELHI: The military strikes on Saturday put the spotlight on the Strait of Hormuz, a critical global shipping route for India and other Asian countries, prompting officials here to activate contingency plans to safeguard energy supplies, reports Atul Mathur.While keeping a close watch on the unfolding situation, they also have an eye on crude…
NEW DELHI: With tensions rising between Iran and the US and fears of war looming, India has started exploring ways to secure its energy supplies.Iran has signalled the temporary closure of sections of the Strait of Hormuz, the narrow gateway linking the Gulf to the open seas, which witnesses nearly 20% of global crude movement….
India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy as Russian crude shipments in January made up the smallest portion of New Delhi’s oil imports since late 2022, according to data from industry sources, Reuters reportedDuring the same period, supplies from the Middle East rose to their highest share.Back in…
Russia has launched a barrage of drones and missiles on the Ukrainian capital Kyiv and the Dnipro district early on Tuesday, injuring one person and disrupting the power and water supply, the city mayor Vitaliy Klychko confirmed through his Telegram channel.Urging the residents to stay under cover, the mayor said that the power supply has…
