Tag: oil prices
Indian exporters facing shipment delays amid West Asia crisis; govt sets up inter-ministerial group
Indian exporters are facing challenges as shipments are not reaching destinations due to disruptions caused by the West Asia conflict, Commerce Secretary Rajesh Agrawal said…
Space for global growth to remain contested; greater intra-state coordination needed to counter external headwinds: CEA
Chief economic advisor V Anantha Nageswaran on Wednesday pitched for greater intra-state coordination, cautioning that in a conflict-ridden world, space for economic growth will be…
Iran-US-Israel war may cause short-term economic shortfall in India, says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal said India remains economically resilient despite the ongoing Middle East war, noting that while there may be a…
India’s West Asia trade artery under strain with up to $4 billion in monthly exports at risk
A war in the Gulf does not just jolt oil markets — it can also choke the sea lanes that ferry billions of dollars’ worth…
Global oil prices jump over 30% as Middle East conflict escalates
Oil prices surged to $114 a barrel as more major Middle East producers cut production, the Strait of Hormuz remained largely closed, and the United…
Middle East conflict poses near-term challenges to Indian economy: RBI MPC member
Conflict in the Middle East poses some immediate-term challenges for the Indian economy but is unlikely to dent long-term economic growth momentum, an external member…
Iran war disrupts global ocean freight and air cargo supply chains beyond oil
NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…
View: For India, much more at stake than just oil this time
Past conflicts in the Middle East typically hit India at the gas station. This time, the risks transcend oil, threatening everything from smartphone exports to…
China’s Russian oil imports to hit new record in February as India cuts back
SINGAPORE: China‘s Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped…