Sydney, April 15 (IANS) Virgin Australia said on Wednesday it will reduce flights in the current quarter and flagged increased fares to offset higher jet fuel costs. In an update to the Australian Securities Exchange (ASX), Virgin Australia said that its fuel costs in the second half of 2026 are expected to be up to 40 million Australian dollars (about 28.5 million US dollars), higher than previously forecast, as a result of a surge in oil prices driven by the conflict in the Middle East, report…
Latest energy security News & Updates
New Delhi, April 12 (IANS) India has adopted a nuanced and carefully calibrated approach in West Asia, strengthening its partnerships with Gulf nations while maintaining limited but significant engagement with Iran amid the ongoing regional conflict, according to an article.New Delhi’s response to the current US-Israel-Iran tensions reflects its broader doctrine of “multi-alignment”, aimed at protecting core national interests without becoming entangled in regional rivalries, the article by Ba…
New Delhi, April 10 (IANS) The Ministry of External Affairs (MEA) on Friday said that India is closely monitoring developments in West Asia and remains in touch with the Gulf nations. Addressing an inter-ministerial briefing on recent developments in West Asia in New Delhi on Friday, MEA spokesperson Randhir Jaiswal stated that India is also working to strengthen its energy security and providing support to neighbouring nations as per their request to meet their energy needs.”We are closely foll…
Mumbai, April 10 (IANS) India must rethink its energy security strategy and reduce its dependence on traditional supply assumptions, especially its proximity to the Middle East, amid rising geopolitical uncertainties, ONGC Chairman and CEO Arun Kumar Singh said on Friday.Speaking at an energy security conclave organised by the Petroleum and Natural Gas Regulatory Board, the ONGC chief warned that the recent West Asia conflict, which triggered one of the biggest energy shocks in decades, has expo…
New Delhi, April 10 (IANS) When combined with the government’s PMSuryaGhar initiative, which enables households to generate electricity through solar power, a new electric stove technology that mimics LPG flames could significantly reduce India’s dependence on liquefied petroleum gas (LPG), Union Minister Pralhad Joshi said on Friday.In a post on social media platform X, Joshi shared his impressions of an innovative imported cooking stove that uses electricity to produce flame-like burners s…
Washington, April 10 (IANS) Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president Ajay Banga warning that prolonged conflict could dampen growth, fuel inflation and strain vulnerable economies.Speaking at the Atlantic Council, World Bank President Ajay Banga said the ongoing conflict in the Middle East, combined with existing crises such as the war in Ukraine, is already exerting pressure on global economic conditions.“The emerging marke…
New Delhi, April 9 (IANS) India and Bhutan on Wednesday signed the tariff protocol of Punatsangchhu-II Hydroelectric Project, and the Methodology for Reactive Energy Accounting of the Reactive Power Exchange to streamline bilateral power trade, according to the Ministry of Power.The two agreements were signed at a meeting between India’s Power Minister Manohar Lal and Bhutan’s Minister for Energy & Natural Resources Lyonpo Gem Tshering in Thimphu.The 1020 MW Punatsangchhu-II Hydroelectri…
Washington, April 7 (IANS) The United States warned Iran it can “exact much, much greater pain” if it fails to change course, with Vice President J D Vance saying, “the ball is in the Iranians’ court.” Speaking at a joint press conference with the Hungarian Prime Minister Viktor Orbán in Budapest, Vance signalled that the confrontation had reached a decisive stage, with the next move now dependent on Tehran’s response.“We feel confident that we can get a response… whether it’s…
Rio de Janeiro, April 7 (IANS) Brazilian President Luiz Inacio Lula da Silva launched a package of measures designed to cushion the impact of international energy price volatility on Brazil’s economy.The president on Monday signed a series of decrees to provide immediate relief to consumers and businesses, while strengthening the country’s energy security and reducing Brazil’s exposure to external shocks.A major part of the package was a diesel subsidy, crucial for freight transport in the count…
Washington, April 2 (IANS) US President Donald Trump has said that countries that depend on key global routes should take responsibility for securing them. He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let Japan do it. Let South Korea do it… what the hell are we doing it for?” Trump said in his remarks at a White House Easter lunch. The video of the event was posted by White House on its YouTube channe…