Oil prices fall 1% on hopes of limited supply disruptionsOil prices slipped around one percent, marking their third consecutive session of losses. The potential for alternate oil routes from the M...
Oil Price Today (September 17): Crude oil falls below $105 even as Middle East tensions simmer. Here’s whyCrude Oil Price Today : Brent crude futures fell $1.25, or 1.22%, to $104.62 a barrel, while U.S. West Texas Intermediate futures declined ...
Oil prices extend losses as fears of Middle East supply disruptions easeOil prices fell further on Thursday, building on losses from the day before, largely influenced by Saudi Arabia's promise of more crude. Re...
Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
Hormuz oil shuttling trade is picking up again after lullProducers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rel...
Trade all at sea: Freight rattled by delays, ship shortages and port congestion as West Asia conflict flares up againRenewed conflict in West Asia is significantly disrupting India's exports, with exporters facing container shortages and limited vessel ava...
Dark ships and Oman transfers indicate Hormuz transits continueShip-to-ship transfers are occurring off Oman's coast, indicating continued Strait of Hormuz transit. Satellite images show tankers off Fuj...
Keeping watch on West Asia developments, will support exporters if needed: OfficialWith a vigilant eye on West Asia's evolving situation, India emphasizes its support for exporters amidst rising challenges. An Inter-Minist...
India's June exports shine through West Asia dark clouds; trade deficit widens to five-month highIndia's goods exports increased by 15.5% in June, reaching $40.41 billion. However, the trade deficit expanded significantly to $30.43 bill...
India's exports to West Asia region evened out in June: Commerce SecretaryIndia's exports to West Asia grew 7.29 percent to USD 5 billion in June. Shipments to the UAE increased while those to Saudi Arabia saw a d...
Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwaterAfcons Infrastructure shares surged following a significant contract win. The company will construct a 10.14-km breakwater for Vadhvan Port...
Oman ports emerge as India's gateway to West Asia, AfricaIndia's CEPA agreement with Oman is officially in motion, turning ports such as Sohar, Salalah, and Duqm into strategic hubs for Indian com...
APM Terminals Pipavav secures new weekly service to ease supply network between India, Gulf regionThis service will repose and ease the supply network between India and the Middle East, the Port operator said adding that the vessel is sc...
- Balaji Shipping starts direct service in India-Sohar sea route
Balaji Shipping Lines (BSL), part of the Transworld Group of Companies, has started direct service of shipping service in India-Port of Soh...
- Balaji Shipping Lines to start Oman service from India
Balaji Shipping Lines (BSL), part of the Transworld Group of companies, said it will start their direct service to Sohar Port in Oman.
- JSPL aborts $500 mn buy out talks with UAE firm
Leading steel maker Jindal Steel and Power on Saturday said it has aborted discussions with UAE-based Al Ghaith Holdings for an estimated $...
- Zoom Developers to set up $130 mn plant in Oman
Zoom Developers will invest $130 million to set up an aluminium production plant at the port of Sohar in Oman.