Why oil controls the world economy

Wars today are fought with drones, artificial intelligence, cyberattacks and advanced defence systems. But sometimes the most powerful weapon never explodes. It simply flows. That weapon is oil. , alliances…

Trump sons-backed Aureus to merge with drone firm Powerus targeting Pentagon sales

Aureus Greenway Holdings, a golf club company backed by the sons of US President Donald Trump, said it will merge with Powerus in a deal designed to take the drone…

French minister says G7 not ready yet to release emergency oil reserves: Bloomberg News

French Finance Minister Roland Lescure has said the Group of Seven (G7) nations are not yet ready to release emergency oil reserves despite the sharp surge in , reported Bloomberg…

Stock markets sink worldwide as oil prices briefly spike close to $120 per barrel

Stock markets shuddered worldwide Monday on worries about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel, their highest level since…

Why Japan holds the world’s third-largest strategic oil reserve

Japan may be preparing to as tensions in the Middle East threaten global energy supplies and raise concerns over key shipping routes used by Asian economies. In fact, the country…

From $70 to above $110: Tracking crude oil’s sharp rise since February

Global crude oil prices have surged sharply over the past few weeks as the conflict involving Iran, Israel and the United States spread into the Gulf region, rattling energy markets…

Will Sensex, Nifty recover tomorrow? 3 things stock market investors should know

Dalal Street ended Monday on a weak note after a volatile trading session, as global tensions and rising crude oil prices triggered heavy selling across sectors. The BSE Sensex closed…

G7 considers emergency oil reserve release amid Gulf crisis

Global oil markets are facing fresh turbulence as the conflict in the Gulf pushes crude prices sharply higher. In response, finance ministers from the Group of Seven (G7) countries are…

Can crude oil rally trigger inflation in India? FM Nirmala Sitharaman explains

Global due to the ongoing conflict in the Middle East, but India does not expect the surge to significantly push up inflation, Finance Minister Nirmala Sitharaman said on Monday. Replying…

Sensex ends 1,353 points lower, Nifty below 24,100; SBI down 4%

Sensex ends 1,353 points lower, Nifty below 24,100; SBI down 4% This is a developing story. It will be updated. Source