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OIL MINISTRY ANALYSIS
British military says a cargo ship was hit while moving through the Strait of HormuzIn a worrying development, a cargo ship on a UN-supported journey through the Strait of Hormuz was hit by a projectile, raising alarms as I...- Oil falls to pre-war levels, no change in petrol and diesel prices in IndiaGlobal crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barr...
- 'All US blockade enforcement efforts have ceased': Centcom lifts blockade on ships to, from Iranian portsBig news out of the Middle East! The US has officially lifted its blockade on ships going to and from Iranian ports. Central Command confir...
- India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...
- West Asia crisis: Why India needs a fertiliser security strategyIndia’s fertiliser security is deeply tied to global supply chains. The country imports 60% of its DAP requirement, remains fully dependent...
- Deficient monsoon risk rises, but macro impact on GDP expected to stay mutedIndia's agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability ...
- Senior Ukrainian commander sees imminent 'turning point' in warA senior Ukrainian commander believes the next six months are critical for Ukraine to seize battlefield initiative and strengthen its posit...
- Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil market reacts to US-Iran peace deal hopesWhy are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropp...
- How different were Trump and Putin's visits to ChinaChinese leader Xi Jinping met with US President Donald Trump and Russian President Vladimir Putin. Trump's visit focused on stabilizing tie...
- Ukrainian mid-range strikes deal double blow to Russia's war effortUkraine's growing drone strength is causing significant problems for Russia's war effort. Medium-range drone attacks are disrupting Russian...
- Oil prices climb more than 3% on fears of new US-Iran combatOil prices surged over 3% as U.S. President Trump and Iran's foreign minister exchanged confrontational remarks, diminishing hopes for a de...
- Red carpet and red lines: Xi charmed Trump but gave up nothingWrapping up a two-day summit in Beijing, Trump has taken a step towards reducing tensions, but the gathering did not result in any major tr...
- India braces for more fuel hikes as Iran war forces Modi’s handConsumers in India are bracing for more fuel price increases. A recent modest hike in diesel and gasoline prices aims to ease the burden on...
- Iran war energy shock drives India's interest in ethanol and other biofuelsIndia and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil ...
- South Korea says 'unidentified aircraft' hit cargo ship in Hormuz on MondayA South Korean cargo ship hit in the Strait of Hormuz six days ago was struck by unidentified aircraft, the foreign ministry in Seoul said ...
- US, Iran no closer to ending war as Gulf clashes flareTensions remain high between the US and Iran as both nations exchange fire in the Gulf. A fragile ceasefire is being tested by recent clash...
- Tehran could withstand blockade for four months, CIA report shows, as fighting flaresU.S. and Iran's efforts to end their conflict stall amid renewed clashes in the Gulf. A U.S. intelligence assessment suggests Iran can with...
- India's LPG consumption slides 16 pc in April amid West Asia conflictCooking gas LPG use in India saw a significant 16 percent drop in April. Supply issues stemming from the West Asia conflict impacted availa...
- India denies RTI on Russia oil import data, cites strategic and commercial confidentialityInformation on Russian oil imports to India is being withheld. The Petroleum Planning and Analysis Cell cited commercial and confidential r...
- India can grow above 7 pc even if crude oil costs USD 90-100/barrel: AssochamIndia's economy shows resilience to high oil prices. Consumption drives growth, allowing over 7 percent annual expansion even with crude oi...
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