In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
India has signed its first structured, long-term contract to import liquefied petroleum gas from the United States, marking what government officials describe as a major turning point in the country’s energy sourcing strategy. The announcement comes at a time when global energy markets remain highly volatile and nations are increasingly seeking diversified, stable supply lines. According to the Ministry of Petroleum and Natural Gas, the agreement will help safeguard India’s fuel supply du
India has signed its first structured, long-term contract to import liquefied petroleum gas from the United States, marking what government officials describe as a major turning point in the country’s energy sourcing strategy. The announcement comes at a time when global energy markets remain highly volatile and nations are increasingly seeking diversified, stable supply lines. According to the Ministry of Petroleum and Natural Gas, the agreement will help safeguard India’s fuel supply du
Prime Minister Narendra Modi received birthday wishes from US President Donald Trump ahead of his 75th birthday, even as India and the United States grapple with trade tensions. In a message on X, Modi thanked Trump for his greetings and reiterated his commitment to strengthening the India-US Comprehensive and Global Partnership. He also expressed support for Washington’s initiatives to resolve the Ukraine conflict through peaceful means.
Prime Minister Narendra Modi received birthday wishes from US President Donald Trump ahead of his 75th birthday, even as India and the United States grapple with trade tensions. In a message on X, Modi thanked Trump for his greetings and reiterated his commitment to strengthening the India-US Comprehensive and Global Partnership. He also expressed support for Washington’s initiatives to resolve the Ukraine conflict through peaceful means.
Oil sector stocks in India saw notable gains today, largely driven by major geopolitical developments. A ceasefire between Iran and Israel led to a sudden shift in oilarket sentiment, reversing a recent upward trend in crude prices. The announcement resulted in a noticeable decline in global oil benchmarks, which had been elevated due to the prior escalation of tensions. Brent crude, which had surged earlier in the week to a peak of $81.40 per barrel, dropped sharply following the
Oil sector stocks in India saw notable gains today, largely driven by major geopolitical developments. A ceasefire between Iran and Israel led to a sudden shift in oilarket sentiment, reversing a recent upward trend in crude prices. The announcement resulted in a noticeable decline in global oil benchmarks, which had been elevated due to the prior escalation of tensions. Brent crude, which had surged earlier in the week to a peak of $81.40 per barrel, dropped sharply following the