New Delhi, April 19 (IANS) India’s stakes are high in the ongoing conflict in West Asia, in terms of safety of Indian immigrants living there and also ensuring its energy security. In this age of chaos and regional crisis, India’s nuanced and multi-vector diplomacy is pragmatic as well as necessary.”New Delhi has never intervened or directly taken sides in domestic and regional matters of Gulf countries. Those nations have also not forced New Delhi to shed its multi-pronged approach in the deepl…
Latest Crude Oil News & Updates
Mumbai, April 18 (IANS) The Indian benchmark indices closed on a strong note this week, supported by optimism surrounding US–Iran peace talks.Additionally, appreciation in the rupee and a cooling in crude oil prices kept trader sentiment upbeat, leading to broad-based buying across sectors, said analysts.At close on Friday, Sensex surged by 504.86 points or 0.65 per cent to settle at 78,493.54, while Nifty gained 156.80 points or 0.65 per cent to close at 24,353.55. On the sectoral front, buyi…
Washington, April 15 (IANS) In the wake of the Iran-US war, rising crude oil prices and broader commodity pressures could complicate India’s inflation outlook and raise production costs across sectors, Chief Economic Advisor V. Anantha Nageswaran warned on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the impact of global conflict extends beyond crude prices to a wider set of critical inputs. “It is not purely about the price of oil… it is about the commoditie…
New Delhi, April 14 (IANS) The International Energy Agency (IEA) warned on Tuesday that demand for crude oil will likely see the biggest slump in the second quarter (Q2 2026) since the Covid pandemic slashed fuel consumption.Oil demand is expected to contract by 80,000 barrels per day (kb/d) this year, “as the Iran war upends our global outlook”.”This is 730 kb/d less than in last month’s Report and a forecast 1.5 mb/d 2Q26 decline would be the sharpest since Covid-19 slashed fuel consumption….
Seoul, April 13 (IANS) South Korea’s exports jumped 36.7 per cent from a year earlier in the first 10 days of April, driven by strong overseas demand for semiconductors, data showed on Monday.Outbound shipments reached US$25.2 billion in the April 1-10 period, compared with $18.4 billion tallied in the same period last year, according to the data from the Korea Customs Service.It marked the country’s highest exports ever recorded for the first 10 days of a month, surpassing the previous record o…
Seoul, April 12 (IANS) Industry Minister Kim Jung-kwan said on Sunday that Saudi Arabia has promised to prioritise oil shipments to South Korea as Seoul seeks an alternative route through the Red Sea.Authorities in Seoul are pushing to dispatch five Korean-flagged vessels to the Saudi port city of Yanbu on the Red Sea coast to help establish alternative supply routes as the Strait of Hormuz has been effectively shut down amid the Middle East conflict, reports Yonhap news agency.”We are preparing…
Mumbai, April 11 (IANS) Market breadth shows that domestic stock indices have passed an “Extreme Stress Zone” and marked a rewarding entry point for investors with a historical median one‑year forward return of over 17.5 per cent, a report said on Saturday.’Extreme Stress Zone’ is reached when over 70 per cent of Nifty 500 stocks trade below their 200‑day moving average and it indicates that fear has overwhelmed fundamentals in the markers, the report from Vallum Capital said.Indian mark…
New Delhi, April 11 (IANS) Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and the start of the US-Iran ceasefire negotiations.On Friday, MCX gold June futures added 0.02 per cent while MCX silver May futures inched up 0.01 per cent. Currently gold futures stand at Rs 1,52,690, while silver futures at Rs 2,43,300 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,327 on …
Seoul, April 9 (IANS) South Korea has yet to receive any official request from Iran on fees for passage through the Strait of Hormuz, a Seoul official said on Thursday, adding that the government is still working to identify the situation surrounding the major shipping route amid a fragile two-week ceasefire between the United States and Iran.”There has been no request from Iran for transit fees or payments,” Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regu…
New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.The report from EY India also urged sharper resource allocation, localisation, and backward integration across value chains.Sectors most exposed to oil, petrochemicals and global shipping—edible oils, textiles, paints, packaged fo…