Mumbai, April 20 (IANS) Indian equity markets ended Tuesday’s session on a flat note, with benchmark indices giving up most of their intra-day gains amid rising geopolitical concerns in West Asia that dampened investor sentiment.The Nifty closed marginally higher by 11.30 points, or 0.05 per cent, at 24,364.85, while the Sensex inched up 27 points, or 0.03 per cent, to settle at 78,520.30.Commenting on Nifty technical outlook, experts said that going forward, the 24,400–24,500 zone remains a…
Latest Global Oil Supply News & Updates
Tehran, April 18 (IANS) Iran’s Parliament Speaker Mohammed Bagher Ghalibaf has warned US President Donald Trump that Tehran could shut down the Strait of Hormuz if the United States continues its naval blockade.This came shortly after the US President indicated that the restrictions would remain in “full force”.In a post on X, Ghalibaf asserted that maritime movement through the strategic waterway would be regulated strictly by Iran. “With the continuation of the blockade, the Strait of …
Mumbai, April 16 (IANS) The Indian stock markets opened on a higher note on Thursday, with the equity benchmarks mirroring global cues amid hopes of easing geopolitical tensions between Washington and Tehran.Sensex opened 566 points or 0.73 per cent higher at 78,677 in opening trade, while Nifty began the session at 24,385, up 154 points or 0.64 per cent. Sectorally, gains were led by realty, media, consumer durables and financial stocks.Category-wise, small-cap and mid-cap stocks were the top g…
New Delhi, April 14 (IANS) With the US military starting its blockade of Iran’s ports, around two million barrels of Iranian oil per day is expected to be shut out from the world’s markets, tightening global supply and leading to a further rise in prices of petroleum products, according to reports.A complete blockade of the Strait of Hormuz may also impact LPG supplies for India, as over the past month the country managed to have at least eight LPG tankers safely crossed through the strait,” w…
Washington, March 19 (IANS) The United States is considering a series of emergency energy measures, including releasing more crude from its strategic reserves and easing restrictions on Iranian oil, as the White House moves to contain rising prices after fresh disruptions in global supply. Treasury Secretary Scott Bessent, in separate interviews with Bloomberg and Fox News, said the administration had prepared contingency plans in advance of potential chokepoints in global oil flows, particul…
New Delhi, March 12 (IANS) Lok Sabha Leader of Opposition (LoP) Rahul Gandhi, on Thursday, flagged the issue of LPG shortages hitting the hotel industry, in the wake of West Asia crisis and claimed that this was the “beginning of pain” that will only aggravate in days to come. Speaking in Lok Sabha over ‘LPG crisis’, the Congress MP took potshots at the Union government over its alleged surrender to the US administration’s diktats and asked how could the US President Donald Trump decide “from wh…
Wednesday, March 5 (IANS) The United States may deploy naval escorts for oil tankers passing through the Strait of Hormuz if necessary, the White House have said, as the conflict with Iran raises concerns about global energy supplies and shipping security in one of the world’s most critical maritime corridors. Speaking at a White House briefing on Wednesday (local time), Press Secretary Karoline Leavitt said that the administration was closely monitoring oil markets and maritime traffic as Ope…
New Delhi, Feb 28 (IANS) Oil prices are expected to rise due to the “massive combat operation” launched by the US and Israel on Iran which brings the Strait of Hormuz into the war zone, leading to a disruption in crude exports from the Middle East countries.Over 20 per cent of the world’s oil supply is shipped out of the Strait of Hormuz which links the Persian Gulf with the Gulf of Oman and the Arabian Sea. With heavy missile bombardment and US President Donald Trump announcing that an an…