The Group of Seven (G7) finance ministers will discuss on Monday a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported. Three…
Category: Economy
India calls for increased use of kerosene, coal, biomass amid gas supply squeeze
New Delhi: The government seeks to increase the use of alternative fuels such as kerosene and coal amid a supply crunch caused by the West Asia conflict, which has forced…
What is Section 301 of the Trade Act of 1974? 16 US trading partners including India hit by Trump’s probe
The administration has initiated fresh investigations into alleged “unfair trade practices” by 16 major trading partners, including India, , and Bangladesh. The move aims to reapply tariff pressure following a…
India’s retail inflation firms up to 3.21% in February as food & beverage, clothing prices rise
NEW DELHI: India’s retail inflation firmed up to 3.21% in February, hit by the rise in prices of food and beverages, clothing and housing and utility services, according to provisional…
The long shadow of Hormuz: Why the energy shock will haunt India long after the guns fall silent
Chennai: Early February, India Inc heaved a sigh of relief. The US trade deal was finalized and tariffs fell. Industry leaders, who had spent most of 2025 battling trade disruption,…
Central banks could tilt hawkish as Middle East conflict fuels inflation risks
The odds of central banks across Asia and beyond taking a more hawkish stance appears to be rising the longer the conflict in the Middle East drags on. On Thursday,…
Oil prices up 8%, Brent at $100 as Iraq halts terminal operations after tanker attacks
International crude oil prices surged on Thursday morning despite the International Energy Agency’s (IEA) decision to release 400 million barrels of crude stocks. Prices jumped after two oil tankers were…
US launches probe into countries including India over ‘unfair trade practice’
The Donald Trump administration has initiated fresh investigations into alleged “unfair trade practice” by 16 major trading partners, including India, China, and Bangladesh. The move aims to reinstate tariff pressure…
‘No need to panic’, Oil Ministry says government measures led to 25% rise in LPG production
The Oil Ministry has assured that measures undertaken by the Centre have led to a 25% increase in liquified petroleum gas (LPG) production in India, PTI reported. In a statement…
Oil rises 1%, stays below $90/bbl as IEA weighs strategic stock release
Crude oil prices traded higher on Wednesday morning after falling around 7% earlier in the session. Prices recovered after reports suggested that the International Energy Agency (IEA) is considering a…