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OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly…
US President Donald Trump said he was not satisfied with Iran’s latest proposal for talks aimed at ending the ongoing deadlock, after Tehran—through mediation by Pakistan—submitted a fresh offer for negotiations, raising cautious hopes of a breakthrough. Trump said Iran was seeking concessions he could not accept. “They want to make a deal, but ……
US-Israel-Iran Ceasefire Live Updates: Iran’s President Masoud Pezeshkian told Pakistani PM Shehbaz Sharif during a phone call Saturday night that the US “should first remove operational obstacles, including the blockade” Source link [ad_3]
Hindi News Business West Asia Conflict Hits Supply; Petrol Diesel Demand Jumps 8% | LPG Consumption Drops 13% New Delhi40 minutes ago copy link Due to the US-Israel and Iran war, there has been a major impact on the country’s LPG supply in March. According to official data, a huge decline of 13% was recorded…
Crude oil has become cheaper by 13% after Iran’s announcement of completely opening the Hormuz Route for commercial ships. On Friday, April 17, the price fell by about $13 to $86 per barrel. A day ago, the price of crude oil was $ 99.39 per barrel. Before the war started on February 28, crude oil…
New Delhi20 minutes ago copy link Yesterday’s big news was related to the stock market. Due to the rise in the market last week, the market capitalization (market cap) of 8 of the top 10 most valued companies of the country has increased by Rs 4,13,003.23 crore. Banking sector companies HDFC Bank and ICICI Bank…
The United States and Iran are holding their highest-level talks in years in Islamabad in a Pakistan-brokered bid to turn a fragile two-week ceasefire into a lasting end to a war that has roiled global energy markets. NDTV’s Pavitra Utgikar brings you the five things to know about the Islamabad talks. Source link [ad_3]
Amidst the ongoing conflict in the Middle East, India has again started buying oil from Iran after 7 years. According to shipping data, a tanker named ‘Jaya’ is coming towards the east coast of India carrying Iranian crude. This tanker was earlier coming towards Vadinar Port in Gujarat. About 6 lakh barrels of crude oil…
Amidst the ongoing war in the Middle East, countries of the world are facing a huge shortage of oil and gas. In such a situation, India is being supported by the supply of Russian oil and gas. Now Russia has once again proposed to increase the supply of crude oil and natural gas to its…
On March 28, Yemen’s Shia political and military organization ‘Ansar Allah’ (Huthis) fired missiles and drones at Israel. In this way the Houthis became directly involved in the Iran-Israel war. The Houthis have said they will continue attacks in support of their allies such as Palestine, Lebanon, Iraq and Iran. read more Houthi rebels yemen…