India-Bound Oil Supertanker Booked At Nearly 9 Times Freight Rate A supertanker heading toward India has been provisionally booked from the Persian Gulf at an unusually high freight rate, highlighting a sharp shortage of available vessels in the region. According to shipbrokers cited in the report, the very-large crude carrier, or VLCC, was booked at 897 Worldscale points, meanin

India’s Forex Reserves Are Strong, But Capital Flow Risks Remain India’s foreign exchange reserves remain strong, but economists are still watching foreign capital flows closely as global uncertainty, rupee pressure, and oil import risks continue to shape the country’s external outlook.

Indian LNG Carrier Disha Crosses Strait Of Hormuz After US-Iran Deal Indian LNG carrier Disha has safely crossed the Strait of Hormuz, becoming the first Indian-flagged LNG vessel to pass through the conflict-hit waterway in more than three months after the US-Iran agreement raised hopes of reopening the crucial shipping route. The vessel, managed by a Shipping Corporation of India-led consortium, is carrying 62,370 metric tonnes of liquefied natural gas

Strait Of Hormuz Opens, But Petrol And Diesel Relief May Take Time The reopening of the Strait of Hormuz after a reported US-Iran understanding has eased fears of a major oil supply shock. Crude oil prices have started cooling, but Indian consumers may not see an immediate drop in petrol, diesel, or LPG prices. The development is important for India because the Strait of Hormuz is one of the world’s most crucial oil shipping routes. A large share of gl

US-Iran Peace Deal Boosts Sensex, Nifty As Oil, Realty Stocks Rally Indian stock markets ended Monday’s session with strong gains as optimism over a possible US-Iran peace deal lifted investor sentiment and eased concerns over crude oil supply disruptions. The BSE Sensex closed at 76,176.54, rising 648.59 points or 0.86 per cent. The NSE Nifty50 ended at 23,848.10, gaining 225.20 points or 0.95 per cent. During the day, the Sensex had climbed more than

India, Venezuela Crude Oil Imports Rise As Saudi Supply Drops   Venezuela Becomes Key Oil Supplier Venezuela has emerged as India’s third-largest crude oil supplier in May, overtaking Saudi Arabia and the United States. The rise comes as Indian refiners increased purchases of cheaper Venezuelan crude during global supply disruptions. According to Kpler data, Venezuela supplied around 417,000 barrels per day to India in May, com

Prime Minister Narendra Modi will lead an important Council of Ministers meeting at Seva Teerth in Delhi at 4 pm on Thursday. All Union ministers, including Cabinet ministers, ministers of state with independent charge, and ministers of state, have been requested to stay in the capital to ensure full attendance. This meeting follows PM Modi’s foreign tour and is expected to focus on governance priorities, regional geopolitical issues, and potential political developments within the governme

Fuel Price Hike Fear Grows After Russian Oil Waiver Ends Russian Oil Waiver Ends, Fuel Price Pressure Rises India may face fresh pressure on petrol and diesel prices after the United States allowed a key sanctions waiver on Russian seaborne oil purchases to expire. The decision comes at a sensitive time when global crude oil prices are already rising due to West Asia tensions and fears of supply disruption around the Strait of Horm

In response to concerns over rising fuel prices amid global tensions, the Indian government has announced a significant reduction in excise duties on petrol and diesel. Starting Friday, the excise duty on petrol has been slashed to Rs 3 per litre, while the excise on diesel has been reduced to zero. This move comes after fears that the ongoing US-Israel conflict with Iran could lead to higher fuel prices, especially as global crude prices surged past $100 per barrel. Despite the dut

India is accelerating the signing of contracts for crude oil and LPG imports, aiming to diversify its supply sources amidst disruptions caused by the ongoing conflict in the Middle East. The country's need for oil has been rising, with daily imports averaging 5.5 to 6 million barrels. After Russia's oil imports were reduced as part of an agreement with the U.S., India has been exploring new avenues to ensure stable oil supplies, including from Russia, despite the geopolitical tensions.

Iran has stated that the Strait of Hormuz, a key route for global oil transport, will remain open for select countries, including India, despite ongoing tensions in the Middle East. The strait is crucial for international trade,

The global economy faces significant risks if oil prices reach $150 per barrel, warns Larry Fink, CEO of BlackRock. In recent days, Brent crude surpassed $110 per barrel, causing a substantial market reaction, and a new report suggests that prices could climb even further, especially if the ongoing U.S.-Iran conflict escalates. Fink emphasized that if oil prices continue to rise, the world would face a major economic shock rather than a gradual adjustment. The impact would be felt a

  Amid rising geopolitical tensions in West Asia and growing concerns over possible disruptions in the Strait of Hormuz, the government has reassured citizens that India’s oil reserves and fuel supply remain stable. Officials said there is no need for panic buying or hoarding of petrol, diesel or LPG cylinders, as adequate stocks are available to meet domestic demand. According to government sources, India currently maintains around 25 days of crude oil and petroleu

Russia has said it has not received any formal communication from India indicating that the country plans to stop purchasing Russian oil, casting doubt on recent claims by U.S. President Donald Trump that New Delhi had agreed to halt such imports as part of a new trade agreement with Washington. Kremlin spokesperson Dmitry Peskov stated that Moscow has yet to hear any official statement from the Indian government suggesting that energy flows between the two countries are being curtail

Tensions between Iran and the United States escalated sharply this week after the US military shot down an Iranian drone that it said approached the aircraft carrier USS Abraham Lincoln in an aggressive manner in the Arabian Sea. The development has drawn attention in New Delhi as well, given India’s heavy dependence on energy imports and trade routes that pass through the Persian Gulf and the Strait of Hormuz, areas now witnessing renewed military activity and diplomatic strain.