When the Strait of Hormuz tightened, many were ready for $200 a barrel oil. More than three months later, that nightmare scenario is still nowhere in the picture.The disruption, which removed more than 10 million barrels a day of Middle Eastern supply from the market, had threatened to push crude prices as high as $200…
War-related disruption in India’s fertilizer production declined substantially between March and April, although production remains below normal levels. This is the main finding from the core sector industry data released by the Ministry of Commerce and Industry on Wednesday. A farmer spraying fertilizer in a paddy field in Nagaon district of Assam. (ANI) It is…
India’s demand for natural gas is continuously increasing as the country looks to increase the share of gas in its overall energy basket. (AI image) As concerns grow over the Strait of Hormuz, India is accelerating efforts to secure unhindered gas imports from the Gulf through a direct sub-sea pipeline. With energy security emerging as…
Oil pipelines around the world are running dry, depleting oil at unprecedented rates as the ongoing war with Iran has severely disrupted the flow of crude from the Persian Gulf, rapidly eroding the buffer that usually protects markets from supply shocks.The sharp decline in reserves has caused growing concern in governments and energy markets, with…
