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INDIAN ECONOMY OIL DEPENDENCE
After Hormuz, Gate of Tears may make the world cry. What about India?The Bab el-Mandeb Strait, a key shipping route connecting the Red Sea and the Gulf of Aden, faces growing risks of disruption after Yemen’s...- $120 crude oil scare is back & India has plenty at stakeGoldman Sachs has warned Brent crude could rise above $120 a barrel if disruptions in the Strait of Hormuz persist. For India, which import...
- Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources sayIndian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this dec...
- Oil prices, weak monsoon pose biggest risks to India's FY27 GDP growth, says IMFIndia's economic growth faces significant risks from a widening Middle East conflict. Rising oil prices and a potentially weak monsoon pose...
- Petrol, Diesel Prices Today (July 21): Fuel rates in Delhi, Mumbai, Kolkata and Chennai changed as crude oil dips below $90? Check herePetrol, Diesel Prices Today: Indian fuel prices remained unchanged on Monday, July 21, despite global crude oil falling below ninety dollar...
- Rupee hits two-month low despite RBI intervention as crude oil surge weighsThe Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the centr...
- LNG consumption declines 6.5%on costly import, lower outputIndia's natural gas usage saw a notable drop during the April to June quarter, attributed to soaring global LNG prices and a decline in loc...
- Rupee hits two-month low, oil prices remain focal pointThe Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the curren...
- India’s edible oil industry flags 17-fold surge in Nepal imports, seeks policy reviewIn a pressing appeal, the Indian Vegetable Oil Producers' Association urges a swift revision of India's edible oil import regulations. Rece...
- Why the Red Sea remains one of the world's most dangerous shipping routesRed Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threa...
- Fast fashion is about to get caught up in HormuzAs with the toilet-paper frenzy at the start of the Covid-19 pandemic, and drivers pre-emptively filling their tanks on reports of the US-I...
- Deloitte projects 6.5-6.8% GDP expansion in FY27, growth to strengthen in second halfDeloitte India on Sunday projected India's economy to grow between 6.5% and 6.8% in the current financial year, with momentum expected to p...
- PM Modi pushes to cut imports to shield India from shocksIndia is likely preparing a major import substitution drive as geopolitical tensions and supply chain risks push the government to reduce d...
- Oil is crude once again! Is $95 the new normal and what it means for Indian investors?Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances s...
- Jump on this bandwagon: India’s ethanol push gathers speed as it transforms energy security and rural economyEthanol, a renewable biofuel, has become integral to India's transport fuel strategy. India achieved ten percent blending ahead of schedule...
- Global Market: China Q2 growth slows to 4.3% yoy; Asia, metals stocks likely to remain volatileChina's economy grew 4.3% year-on-year in the second quarter, missing market expectations and marking its slowest pace since late 2022. The...
- US supporting efforts to revive Iraq-Syria crude oil pipeline, US official saysThe United States backs Iraq and Syria's pipeline revival efforts. This project aims to bypass the Strait of Hormuz for oil transport. Amer...
- June vegetable oil imports dip 29 per centThe decline was primarily driven by a sharp fall in palm oil imports, which dropped 10.5% from the previous month as the price gap between ...
- Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategyIndia offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these ...
- Insects in your fuel tank? ISMA responds to claims of E20-led car damage & sugarcane mixing claimsE20 petrol is safe and scientifically validated, ISMA said, dismissing claims that it damages vehicles, attracts insects, voids insurance o...
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