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Oil price today: Oil prices surged more than 9% on Thursday, climbing back above the $100-a-barrel mark as fresh strikes on energy supplies and infrastructure in the Middle East heightened fears of major disruptions, overshadowing a record release of crude from strategic reserves aimed at calming markets.Brent Crude jumped 9.3% to $100.50 per barrel, while…
Concerns over cooking gas availability amid the ongoing conflict in West Asia are prompting households to turn to electric kitchen appliances, triggering a sharp rise in demand for induction cooktops and electric kettles, industry executives said.Tata Group’s Croma has seen a strong spike in consumer interest in induction cooktops over the past few days, while…
AI image for representative purpose only On any given morning in India, a quiet choreography of energy unfolds. In a Delhi kitchen, a blue LPG flame hisses beneath a pressure cooker. Hundreds of kilometres away, a freight truck hums along the Delhi–Mumbai Expressway, its engine burning diesel. At Bengaluru airport, a jet roars down the…
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…
Union minister Piyush Goyal. (ANI photo) NEW DELHI: Union Minister Piyush Goyal on Wednesday assured that India is not facing any fuel shortage despite growing volatility in global energy markets triggered by the ongoing conflict in West Asia.Addressing reporters in Tiruchirappalli, Goyal said the government is closely monitoring developments and taking proactive measures to ensure…
NEW DELHI: The conflict in West Asia, along with disruption in supply chains and higher oil prices may result in India’s growth being hit by 15-40 basis points (bps) next financial year (2026-27), with inflation too expected to accelerate if the tension persists for a few more weeks, economists said.Rajani Sinha, chief economist, CARE Ratings…
MUMBAI/BENGALURU: The war in West Asia has hit home for restaurants across the country. A severe crunch of LPG supplies means a temporary shutdown for some, while many have already moved to induction cookers to stay afloat or restricted menu choices to do away with slow-cooking items, report Asmita Dey and Supriya Roy.Anjan Chatterjee, founder…
NEW DELHI: French major Dassault Aviation on Tuesday awarded a long-term contract to a Bengaluru-based aerospace company for manufacturing products for critical control systems applications of Rafale fighter aircraft.In a statement, Hical Technologies said it will deliver mission-critical products that meet Dassault Aviation’s stringent engineering, qualification and reliability standards under the agreement. “Hical Technologies has…
NEW DELHI: Govt on Tuesday said fertiliser plants had been placed under ‘priority sector-2’ for natural gas supply, thereby guaranteeing the industry at least 70% of its average natural gas consumption, reports Dipak Dash.In a notification, the ministry of petroleum and natural gas said the average would be calculated on the basis of the previous…
Mumbai: For restaurants across the country, it is not business as usual–a severe crunch of LPG supplies on the back of the West Asia war is posing a threat of temporary closures with many firms having moved to induction cookers to stay afloat and some of them also restricting menu choices. Smaller establishments are already…
