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DEEPWATER HORIZON OIL SPILL IMPACT
Asia races to stockpile oil, speed up renewables in response to Iran warAmid the uncertainties triggered by the Iran war, Asian countries are stepping up their oil storage frameworks. The Philippines is on a mis...- Off Gulf coast of Florida, giant concrete domes were dropped more than 200 feet underwater to help restore corals and sea life. All corals outplanted in 2025 survived and even grewScientists have deployed specially designed concrete domes off Florida’s northern Gulf coast to help restore coral habitats. The project ta...
- RBI survey: Household inflation expectations hit 10% for next yearIndian households expect inflation to rise to 10 per cent over the coming year, driven by living expenses. The Reserve Bank of India has im...
- Oil rises as Middle East supply concerns persist amid shipping attacksRising oil prices are driven by persistent supply concerns from the Middle East. This month has seen a surge in attacks on shipping in the ...
- RBI MPC rate hike: Experts decode what the policy decision means for mutual fund investorsThe RBI raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years. Mutual fund managers favour short-duration, ...
- Iraq devalues its currency as Mideast war disrupts oil shipping routesIraq has officially devalued its currency from 1,300 dinars to 1,500 dinars to the US dollar. The Central Bank announced this decision foll...
- Cabinet approves new authority to integrate India’s transport, logistics planningThe Union Cabinet has approved setting up the Integrated Transport & Logistics Authority (ITLA), an SPV to coordinate transport and logisti...
- Chinese independent refiners turn to Iraq, Qatar as Iranian crude supplies dwindleChinese independent refiners have turned to buying Iraqi and Qatari crude as Iranian supplies dwindle. The traders report purchases totalin...
- US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
- Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
- Global Market: Eurozone energy inflation has yet to spread to broader prices, ECB's Rehn saysEurozone energy inflation has not yet spread broadly to other goods and services, ECB policymaker Olli Rehn said. Rising bond yields may cu...
- China digs 8,300 metres beneath Xinjiang desert: What is hidden in the desert below?China is accelerating oil and gas exploration in ultra-deep and offshore reserves to strengthen domestic energy supplies amid global market...
- India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil risesIndia’s sunflower oil imports fell 36% in September to their lowest level in more than four years as the Ukraine war disrupted Black Sea sh...
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two pricesCrude oil’s physical market price could reach nearly $145 a barrel even if benchmark prices show $100, as soaring VLCC shipping costs widen...
- Iran reviewing US response to diplomatic proposal presented at UN: Kazem GharibabadiIran is currently evaluating a diplomatic proposal put forth to the United States aimed at easing rising regional tensions. This proposal w...
- Deep-sea gas becomes costlier as government raises price ceilingThe government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October ...
- RBI rate hike unlikely to trigger broad-based NBFC asset quality stress: ReportA report from Nuvama Institutional Equities indicates that a potential RBI rate hike may not significantly stress NBFC asset quality. Past ...
- Fuel subsidies may top $1 trillion: UNThe UNDP analysis - which looked at data from the World Bank, the International Monetary Fund and the International Energy Agency - found t...
- 'Passport to the future' or 'the new Dubai': Hunt for oil in Brazil's Amazon fuels hopes and fearsIndigenous chief Wagner Karipuna gazes worriedly at the tranquil river flowing past his village in the Brazilian Amazon as he imagines the ...
- Gas found near Odisha coast: ONGC strikes Mahanadi deepwater well under Samudra Manthan, finds encouraging flow at 1,450 metresGas found near Odisha coast: ONGC has discovered gas in a deepwater exploration well in the Mahanadi Offshore Basin, around 43 km from Kona...
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