#oil-crisis
Oiling point : How India went from Dhara to edible oil import dependence
How the Iran war exposed India’s over-reliance on imported petrochemicals
It isn’t just oil and fertilizers. The Iran war has shredded India’s petrochemical supply chain, forcing manufacturers to scramble for raw materials, burning cash, cutting output, and even pulling their shutters down.
Experts urge import curbs and tax reforms amid West Asia crisis risks
A new TCF white paper warned that crude oil volatility, supply-chain disruptions and freight shocks could worsen India’s USD 333 billion trade deficit
India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers
India’s state-owned energy majors that trade in fuels raised prices at the pump for the fourth time in the space of a month, reflecting the continued effect of the Strait of Hormuz closure on oil and fuel flows. The cumulative price hike since the start of th…
'When nations engage in conflict, neighbouring countries are invariably affected': UP minister Om Prakash Rajbhar on repeated fuel price hikes
Fuel prices are rising again across India. A minister blames global supply issues due to the Iran-US conflict. Petrol prices in Delhi have now crossed 100 rupees per litre. This is the fourth increase in less than two weeks. Opposition parties are criticizing…
Global Market: Oil crisis and strong dollar intensify pressure on Asian currencies
Asian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India urges reduced overseas travel and gold purchases. Indonesia hikes interest rates and tightens export earnings control. Th…
US seizes Iran-linked 'shadow fleet' tanker in Indian Ocean amid Trump's strike threats
Intelligence reports and shipping data indicated that the tanker had likely loaded more than one million barrels of crude from Iran's Kharg Island in February
Global Bond Selloff Threatens Turmoil in Weakest Asian Economies
Three of Asia’s most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic hit from the Iran-war oil shock deepens.
Market under pressure: IT stocks face long-term headwinds as oil crisis and AI shift weigh on sentiment: Vinit Bolinjkar
Vinit Bolinjkar of Ventura Securities advises selling IT stocks. He highlights market risks from the Hormuz Strait crisis, foreign investor selling, as well as the global AI shift. Bolinjkar sees pressure on IT revenues and margins. He prefers Vodafone Idea i…
The Electric Car won the Iran War: The Twilight of Oil
The deadlock in the Strait of Hormuz has all the hallmarks of a chronic ailment. After all, Israel and Iran have struck each other four times
Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppression
India is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questions. Experts suggest a move towards targeted aid for the needy instead of broad price cuts. Building strategic reserves …
Indian Prime Minister Demands Pandemic-Era 'Work from Home' over Strait of Hormuz Fuel Crisis
Indian Prime Minister Narendra Modi wants coronavirus-era work from home practices to save fuel during the Strait of Hormuz oil crisis. The post Indian Prime Minister Demands Pandemic-Era ‘Work from Home’ over Strait of Hormuz Fuel Crisis appeared first on Br…
Modi Urges Indians to Conserve Fuel as Oil Shock Spreads
India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange. “In the current situation, we must place great emphasis on saving foreign exchange,” Narendra Modi said, as quoted by R…
Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace
The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks.
British Airways owner warns ALL airlines will have to increase fares as jet fuel prices surge due to Iran war in another blow to UK tourists
British Airways owner International Airlines Group warned its profits will be hit as it expects to spend about €2billion (£1.7billion) more than planned on fuel this year because of the oil crisis.
The Iran war’s oil shock causes a plastic shortage in Asia, squeezing industries and prompting a ‘Middle East plus one’ rethink of supply chains
South Korea is probing firms suspected of hoarding syringes, which, alongside products like needles and gloves, are produced from petrochemicals.
Amidst the oil crisis, UAE withdraws from OPEC - Airfares worldwide rise unusually
Due to the military situation that has developed in the Middle East region, especially centered on Iran, a global energy crisis and economic instability have emerged. The almost complete closure of the Strait of Hormuz, through which about one-fifth of the wo…