Global Oil Supply Disruption
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IMF, World Bank, Others Warn Middle East War Is Straining Energy Supplies
The US-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over global energy supplies, particularly through the Strait of Hormuz, a key route for oil and gas shipments.
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'Prices Have Hit Unimaginable Levels': N Sitharaman Says Focus On Three 'Fs'
Sitharaman defended the Centre's handling of rising fuel prices, saying the government had already taken a major revenue hit to shield consumers.
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52% In UAE, 44% In US: How India's Rs 3 Fuel Hike Compares To Other Nations
Petrol, Diesel Price Today: Around 82 countries have imposed emergency restrictions, rationing, or sharp price hikes. India has done none of this.
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No Fuel Price Hike In 4 Years, India Has Adequate Stocks: Hardeep Puri
"Let me tell you categorically, we have no supply side problems. The country has more than enough stocks of crude oil, LNG and LPG," he said.
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Gasoline Costs 50% More In The US Than It Did Before Iran War
The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months.
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Only 5 Ships, Including Iranian Tanker Crossed Hormuz In Last 24 Hours
The closure of the strait has disrupted a fifth of the world's oil and liquefied natural gas (LNG) supplies and triggered a global energy crisis.
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Airlines Cancel Flights, Hike Ticket Prices As Jet Fuel Crisis Cripples Aviation
Iran has currently allowed only a trickle of ships to pass through the Strait of Hormuz, disrupting global oil shipments and causing major supply chain interruptions.
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Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
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'Vibes All the Way Down': Iran's Jibe At Safe-Haven Tag For US Bonds
Treasuries are priced mostly on market psychology, not something as tangible as barrels of oil, said Iran's Parliament Speaker.
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US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
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Iran May Offer Free Passage To Ships Through Oman Side Of Hormuz: Report
The war has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the strait, which handles about 20% of the world's oil and liquefied natural gas flows.
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Chevron Executive Advises Americans To 'Drive Less' Amid Rising Oil Prices
Chevron's president of downstream, midstream, and chemicals. Andy Walz advises Americans to drive less amid rising oil prices.
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After Oil And LPG, Supply Disruption Of This Critical Input May Hit India
Iran War Impact: The disruption around the Strait of Hormuz has led to a supply shock that can slow factory production and push up food prices.
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Strait Of Hormuz Closure Could Soon Be Felt On Dinner Tables Worldwide
Three staple crops corn, wheat and rice supply more than half of the world's dietary calories. The closure of the Strait of Hormuz has reduced the supply and increased the cost of all three.
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OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
-
IMF, World Bank, Others Warn Middle East War Is Straining Energy Supplies
The US-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over global energy supplies, particularly through the Strait of Hormuz, a key route for oil and gas shipments.
-
'Prices Have Hit Unimaginable Levels': N Sitharaman Says Focus On Three 'Fs'
Sitharaman defended the Centre's handling of rising fuel prices, saying the government had already taken a major revenue hit to shield consumers.
-
52% In UAE, 44% In US: How India's Rs 3 Fuel Hike Compares To Other Nations
Petrol, Diesel Price Today: Around 82 countries have imposed emergency restrictions, rationing, or sharp price hikes. India has done none of this.
-
No Fuel Price Hike In 4 Years, India Has Adequate Stocks: Hardeep Puri
"Let me tell you categorically, we have no supply side problems. The country has more than enough stocks of crude oil, LNG and LPG," he said.
-
Gasoline Costs 50% More In The US Than It Did Before Iran War
The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months.
-
Only 5 Ships, Including Iranian Tanker Crossed Hormuz In Last 24 Hours
The closure of the strait has disrupted a fifth of the world's oil and liquefied natural gas (LNG) supplies and triggered a global energy crisis.
-
Airlines Cancel Flights, Hike Ticket Prices As Jet Fuel Crisis Cripples Aviation
Iran has currently allowed only a trickle of ships to pass through the Strait of Hormuz, disrupting global oil shipments and causing major supply chain interruptions.
-
Iran War Impacted Diesel Prices Much More Than Gasoline. Here's Why
The United States is the biggest exporter of petroleum products, including diesel. But with a fifth of the world's oil supply choked off at Hormuz, even the US could not make up for the shortfall.
-
'Vibes All the Way Down': Iran's Jibe At Safe-Haven Tag For US Bonds
Treasuries are priced mostly on market psychology, not something as tangible as barrels of oil, said Iran's Parliament Speaker.
-
US Says It Will Not Renew Sanctions Waiver Allowing India To Buy Russian Oil
The waivers on the purchase of Russian oil had allowed India to secure additional supplies amid global oil disruption. Reports suggest that Indian refiners have placed orders for roughly 30 million barrels of Russian oil during the period.
-
Iran May Offer Free Passage To Ships Through Oman Side Of Hormuz: Report
The war has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the strait, which handles about 20% of the world's oil and liquefied natural gas flows.
-
Chevron Executive Advises Americans To 'Drive Less' Amid Rising Oil Prices
Chevron's president of downstream, midstream, and chemicals. Andy Walz advises Americans to drive less amid rising oil prices.
-
After Oil And LPG, Supply Disruption Of This Critical Input May Hit India
Iran War Impact: The disruption around the Strait of Hormuz has led to a supply shock that can slow factory production and push up food prices.
-
Strait Of Hormuz Closure Could Soon Be Felt On Dinner Tables Worldwide
Three staple crops corn, wheat and rice supply more than half of the world's dietary calories. The closure of the Strait of Hormuz has reduced the supply and increased the cost of all three.
-
OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From Iran War
Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day during a video conference.
