India has achieved 1 billion tonne (BT) coal production for the second consecutive year amid heightened uncertainties in global energy markets due to the West Asia crisis. “With sustained and…
Category: Market
South Korea coordinates with Iran to normalise shipping route through Strait of Hormuz
South Korea is speaking to several countries including Iran to ensure that the key shipping route that passes through the Strait of Hormuz is normalised even as the West Asia…
Why is oil and gas PSU stock ONGC the lone star amid the US-Iran war? Explained
US-Iran war: While most oil and energy stocks took a beating amid Middle East tensions, showed resilience amid the sell-off. In one month, ONGC shares have shed around 3.50%, whereas…
Iran says no floating crude or surplus available after US eases sanctions
Iran’s Oil Ministry has contradicted the US move to ease sanctions on Iran crude oil which is loaded on vessels as of March 20. In a statement issued by Iran’s…
India also has a ‘Strait of Hormuz’ to counter China’s border aggression
India-China news: The strategic importance of the turned out to be a rescue tool for the Iranian government against the US-Israel attack. However, the has also fueled the upcoming possible…
Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions
Indian refiners plan to resume buying Iranian oil while refiners elsewhere in Asia are examining such a move after Washington temporarily removed sanctions to alleviate an energy crunch caused by…
EU member states urged to lower gas-storage targets due to Iran war
The European Commission has urged EU states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, after the war in Iran disrupted key suppliers and triggered…
Global markets to remain driven by West Asia conflict, Fed neutral guidance reflects uncertainty: Report
Global financial markets are expected to remain influenced by the ongoing conflict in West Asia, with risk aversion likely to persist amid rising uncertainty, according to a report by ICICI…
US-Iran war effect: S&P 500 lost over $1 trillion market cap last week, crashes 5.83% in one month
US-Iran war effect: The remained under pressure for the fourth straight week. The index lost over 2.50% last week, losing market capitalisation of over $1 trillion. The key benchmark index…
SBI Mutual Fund targets ₹13,000 crore IPO
India’s largest asset manager company SBI Mutual Fund has filed its Draft Red Herring Prospectus to raise about ₹13,000 crore. The fund house, a joint venture between State Bank of…