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UAE Minister and ADNOC CEO Sultan Al Jaber said the Iran war’s disruption of Strait of Hormuz shipping has drained nearly one billion barrels from global oil inventories and sharply raised transport costs.
Kerala gold prices fell for a third straight day, bringing rates closer to the ₹1 lakh mark as global bullion trends, oil prices, the rupee, and US interest-rate expectations weigh on the market.
E20 fuel may reduce some vehicle efficiency by 3-5%, but offers benefits like cleaner engines and lower carbon emissions, following extensive testing and manufacturer consultation.
The United States will not extend existing sanctions waivers for the purchase of Russian or Iranian oil.
India calls reports on Iranian crude diversion “Factually Incorrect”
19-kg commercial LPG cylinder is priced at ₹2,078.50 in Delhi.
Trump asked France, China and other nations to seek passage through strait of Hormuz by themselves.
India is increasing efforts to secure crude oil and gas from all sources due to concerns about a global energy crisis stemming from the Middle East conflict.
Kharg Island is a cornerstone of Iran's economy.
IEA members unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market.
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