Tag: Strait of Hormuz disruption
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Shocking LPG Math: Oil Companies Losing ₹700 on Every Cylinder Despite Recent Price Hikes
India’s state-owned oil marketing companies continue to face significant financial pressure as they incur losses of nearly ₹700 on every domestic LPG cylinder sold, according to the government. The disclosure comes despite multiple increases…
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Oil price surge pushes Brent crude above $116 amid Iran US tensions
The oil price surge has accelerated sharply, with the global benchmark Brent crude price crossing $116 per barrel, underscoring intensifying Iran US tensions and the deepening global energy crisis. The spike reflects growing fears…
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Oil prices surge as Trump seeks coalition to reopen Strait of Hormuz
Global oil prices continued their sharp climb on Monday as markets reacted to the ongoing Strait of Hormuz disruption, one of the most critical energy chokepoints in the world. Benchmark Brent Crude briefly surged…