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HORMUZ CLOSURE
Russia's diesel export ban deepens global supply crunchRussia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove pric...11 Jul, 2026, 07.07 AM IST- ONGC to undertake 1.75 MMT strategic oil reserve expansion at MangaluruONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's ...10 Jul, 2026, 09.47 AM IST
- New US, Iran fighting erupts ahead of Khamenei burialNew fighting erupted between the United States and Iran ahead of Supreme Leader Ali Khamenei's burial. Tehran targeted US regional allies w...09 Jul, 2026, 11.08 PM IST
- Inflation concerns prevailed in Kevin Warsh's first FOMC meeting: Fed minutesDuring its June meeting, the Federal Reserve decided to keep interest rates unchanged. Committee members expressed concerns about rising in...09 Jul, 2026, 05.24 PM IST
- India’s wartime buying spree leaves behind a cooking gas surplusIndia's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian G...09 Jul, 2026, 04.58 PM IST
- Iran chief negotiator says Hormuz strait to open only under 'Iranian arrangements'Iran's chief negotiator declared the Strait of Hormuz will open under Iranian arrangements. This statement follows retaliatory strikes exch...09 Jul, 2026, 07.47 AM IST
- Consumers adjust to a supply squeezeConsumers are increasing borrowing to afford rising prices on electronics and gadgets. Easy digital credit fuels this demand, but household...09 Jul, 2026, 12.39 AM IST
- Prolonged US-Iran tensions may push India's crude basket above $75/bbl, raise inflation risks: ExpertsMarket experts warn a prolonged US-Iran standoff could increase India's crude oil import costs. Diversified sourcing is expected to cushion...08 Jul, 2026, 02.23 PM IST
- Why Hormuz windfall may prove short-lived for oil refinersGlobal refining margins have hit record highs, greatly benefiting producers. Yet, while fuel prices remain elevated due to tight inventorie...08 Jul, 2026, 12.15 PM IST
- The likely loser in Gulf's post-war race for oil market shareUnited Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports s...07 Jul, 2026, 11.59 AM IST
- NY Fed says supply chain pressures eased in JuneGlobal supply chain pressures eased in June, with the New York Fed index falling to 1.25 as Middle East disruptions showed signs of easing....06 Jul, 2026, 11.33 PM IST
- One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared HormuzAmidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shi...06 Jul, 2026, 04.48 PM IST
- Energy-hungry Asia is already drawing lessons from Iran crisisAsia is learning crucial lessons from the recent Persian Gulf conflict, emphasizing the need for larger energy reserves and a wider array o...04 Jul, 2026, 10.09 AM IST
- Crude inventory nears 1-year high on stronger importsIndia's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a signific...03 Jul, 2026, 07.43 AM IST
- No sudden shelter from storms: What protected India's oil supply during Hormuz crisisIndia successfully navigated the Hormuz Strait closure, avoiding fuel shortages despite initial fears. This resilience wasn't due to last-m...30 Jun, 2026, 11.11 PM IST
- India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...30 Jun, 2026, 03.50 PM IST
- Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...26 Jun, 2026, 11.41 AM IST
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