As the ongoing conflict in the Middle East tightens pressure on global energy supply routes, oil giants from UAE and Qatar are turning to unconventional shipping tactics to move its oil and gas out of the Persian Gulf to nations that need energy. Adnoc is navigating one of the world’s most sensitive maritime corridors, the …
US President Donald Trump on Sunday said Washington would not rush into a peace agreement with Iran, signalling that key disputes remain unresolved despite recent optimism over negotiations aimed at ending the three-month conflict in the Gulf region. US President Donald Trump also strongly defended his administration’s ongoing negotiations with Iran, saying the proposed agreement …
Global crude oil prices could surge to as high as $200 per barrel in a worst-case scenario if the Strait of Hormuz remains closed through the end of 2026, according to a report.As per a report by Wood Mackenzie, a prolonged disruption in the strategic waterway could trigger a severe global energy and economic crisis.The …
NEW DELHI: After petrol and diesel prices were hiked, state-owned oil companies on Friday increased CNG prices by Rs 2 per kg, amid rising global energy crisis linked to the West Asia conflict.In Delhi, the price of CNG has been raised from Rs 77.09 per kg to Rs 79.09 per kg. The move comes a …
Europe could run dangerously low on jet fuel within weeks, raising the risk of flight cancellations, as the ongoing Iran war continues to choke global energy supplies, the head of the International Energy Agency has warned. Fatih Birol, Executive Director of the IEA, said the continent has maybe six weeks or so of jet fuel …
The current energy shock may feel sudden, but for China, it is anything but unexpected. Long before tensions escalated in the Middle East, Beijing had already begun reworking its energy strategy to withstand exactly this kind of disruption. According to a report by The New York Times, China steadily built up oil stockpiles, expanded renewable …
A month into the Middle East conflict, global crude markets remain under strain, with prices rising nearly 50% since the United States and Israel launched strikes on Iran on February 28, triggering a strong response from Tehran. Oil prices had earlier surged to as high as $119 per barrel amid heightened tensions involving Iran, before …
NEW DELHI: Amid the global rush to secure energy supplies, Indian agencies have seen the cost of natural gas (LNG) nearly double from around $10-12 a unit before the West Asian conflict to $19-20 per metric million Btu (MMBtu) when they made purchases in the spot market this week.The spike comes in the wake of …