The effects of this situation will vary across countries, with some economies facing greater strain while others could see limited gains. (AI image) The US-Israel-Iran war has lasted for over 10 days – and with no signs of either side relenting the global economy is feeling the ripple effects of conflict. The economic fallout from…
Donald Trump (File photo) US President Donald Trump said his country could benefit economically from rising oil prices but added that preventing Iran from acquiring nuclear weapons remains his overriding priority. He called Iran an “evil empire” and warned that its nuclear ambitions could threaten the stability of the Middle East and beyond.“The United States…
‘Oil Cos Have Ramped Up Output By 25%’ NEW DELHI: Govt on Wednesday said oil companies have ramped up LPG output by 25%, helping bridge a part of the deficit due to deficient imports, and advised against panic buying as cylinders were being delivered in two-and-a-half days. India imports around 60% of LPG. “Feedback suggests…
NEW DELHI: US ambassador Sergio Gor lauded India’s role in maintaining stable oil prices around the world, saying Washington recognises ongoing purchases of Russian oil by the Indian govt are a part of this effort. The remarks by the ambassador follows the US’s decision last week, in the middle of the war in West Asia…
NEW DELHI: India’s oil purchases from Russia have increased by nearly 45% in March, rising from around 1 million barrels a day (mbd) in Feb to 1.5 mbd in the first 11 days of the month.With transit through the Strait of Hormuz disrupted since the beginning of the conflict 12 days ago, supplies from oil-rich…
Gold prices moved lower across major Indian cities on Thursday as retail bullion rates declined following mild profit-booking after recent gains. Sentiment in the physical market remained cautious as traders tracked movements in domestic futures and global cues. Here is how gold prices stand across major Indian cities today: Gold price in Delhi today Gold…
NEW DELHI: The Centre on Wednesday asked states to address LPG cylinder supply constraints and ensure fears of scarcity do not turn into a law and order issue. State govts were also asked to check black marketing and hoarding of cooking gas cylinders, amid reports of panic booking.TOI has learnt that in a meeting with…
MUMBAI: The rupee fell 23 paise to close at 92.04 against the US dollar on Wednesday, down 0.2%, as volatile oil prices and a sharp fall in domestic equities weighed on the currency. Intermittent dollar sales by state run banks on behalf of RBI limited the losses.Oil prices firmed above $90 per barrel after the…
CHENNAI/ NEW DELHI: The changes in foreign direct investment (FDI) rules for China and other land bordering countries (LBCs) are expected to fast track investment by global investment firms, such as Blackrock and Carlyle, as they were feeling the heat of approvals required, even if there was a very small Chinese shareholding.On Wednesday, the Union…
NEW DELHI: Fears of LPG shortage have begun spreading across the country as the escalating conflict in Middle East disrupts global energy supply chains. The closure of the Strait of Hormuz following Iranian retaliation against US–Israel strikes has triggered panic buying, long queues at LPG agencies and petrol pumps, and forced restaurants and small businesses…
