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FORCE MAJEURE
Oman beats Qatar as India’s top LNG supplier as war disrupts Gulf gas flowsIn a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caus...- QatarEnergy extends force majeure to mid-August, Italian Edison looks to US for replacementsQatarEnergy has prolonged its force majeure on LNG shipments to Italian utility Edison. This impacts supply and Edison's financial performa...
- Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman saysIndia's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting it...
- Coal gasification key to build long-term resilience against global energy shocks: ExpertsIndia needs to boost its domestic coal gasification capabilities. This will build resilience against global energy shocks and achieve econo...
- India has 60 days of crude oil, 60 days of Natural Gas & 45 days of LPG rolling stock: CentreIndia is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy ...
- Bundled vs standalone travel insurance: Which works best for your trip? Comparing costs, coverage, and claimsSince both serve specific purposes and needs, pick the one that suits your travel itinerary and circumstances
- Road projects under hybrid annuity model have stable credit risk despite execution delays: CrisilIn India, a wave of road construction projects is hitting snags, primarily due to the complexities of a hybrid annuity model. While this ha...
- Samsung seeks to renegotiate supply terms with centreAmidst the backdrop of escalating component prices, Samsung has entered negotiations with the government, aiming to revisit the terms of th...
- India looks to boost LNG tank capacity as Qatar supplies stallIndia imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run au...
- Force majeure enabled for 'war'-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadn’t defaulted by Feb 27The finance ministry has authorized force majeure for govt contracts impacted by the West Asia conflict, treating it as war. This offers re...
- West Asia crisis: Drone industry lauds govt's no-penalty relief for disrupted contractsThe Indian drone industry has received timely relief. The government has recognized the West Asia situation as a Force Majeure. This allows...
- India to import 64 LT urea, 19 LT of other fertilisers in kharif season despite high global pricesIndia will import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers for the upcoming kharif season. Global prices have doubled...
- Gulf states in limbo as US-Iran crisis drags onGulf nations grapple with war and peace as Iran's Strait of Hormuz blockade cripples energy exports. Infrastructure damage requires extensi...
- 'Iran war energy crisis worse than 1973, 2022 combined,' says EU’s Energy Chief Dan JørgensenEurope is bracing for prolonged high energy prices. The Iran conflict has severely damaged vital gas infrastructure in Qatar, with recovery...
- Centre pushes chemical fertilisers alternatives as output slumpsIndia is pushing alternatives to chemical fertilisers after a 24.6% drop in output and supply disruptions linked to the Strait of Hormuz cr...
- Sensex rises over 700 points, Nifty tops 24,550 as investors eye Iran-US peace talks. What lies ahead?Indian stock markets traded higher on Tuesday. The Sensex and Nifty saw gains as investors anticipated peace talks between Iran and the US....
- Oil falls on expectations US-Iran talks likely to proceed, opening supplyOil prices dropped Tuesday as expectations of U.S.-Iran peace talks this week raised hopes for increased supply from the Middle East. Brent...
- Kuwait declares force majeure on oil shipments amid Hormuz blockadeKuwait has declared force majeure on its crude oil and refined product shipments. This action follows a blockade of the Strait of Hormuz. T...
- Where to invest now: Chemicals, capital goods, and banking top the list, says Aditya ShahAditya Shah, Hercules Advisors Founder, suggests investing in India's domestic growth. His top picks are chemicals, capital goods, and bank...
- MSMEs seek force majeure relief amid Gulf war disruptionsSmall businesses supplying the government are seeking relief from contract penalties. They want the Centre to invoke force majeure due to g...
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