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Experts note that while the domestic buffers for oil are relatively strong, LPG and LNG supplies need a boost. (AI image) India imports around 90% of its crude oil needs, and approximately 60% and 50% of its LPG and LNG requirements respectively. These are not just mere statistics – it’s a telling picture of the…
Iran has reportedly continued exporting oil through its Kharg Island despite the ongoing war with the United States and Israel, while Washington considers seizing the strategic facility.According to TankerTrackers.com, cited by Bloomberg, oil shipments have continued from the island, which remains a key export hub for Iran. Axios reported on March 7 that the US…
Airlines across Asia are increasing ticket prices and preparing contingency plans, including the possibility of grounding aircraft, as the escalating Middle East conflict threatens to trigger the biggest oil shock since the 1970s.Indian carriers have already raised fares on long-haul routes by about 15 per cent and are considering further hikes as jet fuel prices…
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…
This image provided by U.S. Central Command shows a F/A-18F Super Hornet preparing to make an arrested landing on the USS Abraham Lincoln (CVN 72)) in support of Operation Epic Fury, on Saturday, Feb. 28, 2026. (U.S. Navy via AP) The United States Central Command (CENTCOM) on Tuesday released a summary of the first 10…
US President Donald Trump has reportedly been advised to look for an exit plan from the Middle East amid surging crude oil prices and upcoming mid-term elections.According to a report by the Wall Street Journal, advisors in recent days have encouraged Trump to articulate a plan to extract the United States from the war and…
More than oil though, it is the disruptions in LPG imports from West Asia that are having an immediate impact. (AI image) Oil, LPG, and LNG – the backbone of a growing Indian economy – have seen their supplies being hit due to the Middle East tensions and the closure of the Strait of Hormuz…
Saudi Arabia’s oil company Saudi Aramco, the world’s largest oil exporter, warned on Tuesday that the ongoing Iran war could have “catastrophic consequences” for global oil markets if shipping disruptions in the Strait of Hormuz continued.“There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on, the more drastic…
In a bold move, Sanjay Leela Bhansali’s epic film ‘Love and War’, featuring the stellar trio of Ranbir Kapoor, Vicky Kaushal, and Alia Bhatt, has hit another snag. As the producers prioritize artistic integrity, vital sequences are undergoing extensive reshoots, which not only stretches the budget but also leaves the premiere date in limbo. Read…
A sharp rise in global crude oil prices triggered by the conflict in the Middle East has pushed fast-moving consumer goods (FMCG) companies to rethink their strategies. Firms may either cut the grammage of product packs or raise prices, according to a report by The Economic Times.International crude prices crossed the $100-a-barrel mark on Monday…
