Oil prices eclipsed $100 per barrel for the first time in more than three-and-a-half years on Sunday (March 8, 2026) as the Iran war hinders production and shipping in West Asia. The price for a barrel of Brent crude, the international standard, was at $107.97 after trading resumed on the Chicago Mercantile Exchange, up 16.5%…
Indian refiners have begun negotiating for additional crude cargoes from the U.S., Russia and West Africa to ensure supplies remain adequate in the event the West Asia conflict drags on for a longer period, industry officials and analysts said. Refineries, which convert crude oil into fuels like petrol and diesel, have deferred planned maintenance shutdowns…
As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15% to offset sustained increases in raw material costs and supply chain expenses. The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges. Leading players, including Daikin, Voltas,…
Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. | Photo Credit: Nagara Gopal The West Asia conflict has sharply stressed India’s use of natural gas and cooking gas for a variety of applications. The government has today issued directives to prioritise cooking gas supplies. Liquified Petroleum Gas (LPG) is largely used for cooking gas across India. The…
The story so far: The Strait of Hormuz, one of the world’s most strategically important chokepoints, has been experiencing a near-total collapse in commercial traffic following rising tensions in West Asia. More than 20% of the world’s total oil and gas shipments, and nearly 40% of India’s, pass through the strait. What is the significance…
Less than four months after issuing a revision to India’s earthquake zoning framework, the Centre has withdrawn its own notification following a major backlash from several government departments, Metro Rail corporations and infrastructure authorities that apprehended a surge in construction costs of marquee projects nationwide, The Hindu has learnt. The Bureau of Indian Standards (BIS) had issued…
India said it was pushing ahead with imports of Russian oil, after a temporary U.S. waiver to import crude from Moscow due war in West Asia — but adding it did not need Washington’s permission. Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India said on Saturday (March 7, 2026) it was…
Petroleum Minister Hardeep Puri in a meeting with media. Photo: X/HardeepSPuri Petroleum Minister Hardeep Puri on Friday (March 6, 2026) said there is no shortage of energy in India and there is no cause of worry for its energy consumers. The Minister discussed various aspects of India’s uninterrupted energy imports despite geopolitical challenges with the…
Image used for representation purpose only. Crude prices surged on mounting fears about oil supply disruption during West Asia war | Photo Credit: Getty Images/iStockphoto Crude prices surged on Friday (March 6, 2026) on mounting fears about oil supply disruption during West Asia war, while equities retreated on poor U.S. hiring data. The U.S.-Israel war…
Treasury Secretary Scott Bessent is seen at the White House, on March 6, 2026, in Washington | Photo Credit: AP The U.S. said it has given “permission” to India to buy Russian oil that is on ships already floating on waterways with a view to easing supplies around the world amid the West Asia conflict….
