Disruption at the Strait of Hormuz, a key maritime chokepoint for global oil, LNG, and fertiliser trade, is creating structural challenges for the Indian economy, according to a special report by the…
US wholesale inflation eased in July, with annual producer-price growth slowing to 4.7% from 5.5% in June, The Economic Times reports. Wholesale prices were flat during the month, while core inflation fell…
European natural gas prices jumped over 10% on Monday as hopes for a quick reopening of the Strait of Hormuz faded. Dutch front-month futures rose to €61.24 per megawatt-hour. US crude held…
NYMEX natural gas hovers near $2.68 per MMBtu; MCX prices have fallen below Rs 260 per MMBtu. Abundant US production, new LNG export projects, and healthy storage inventories have eased supply fears.…
The world’s eight largest listed oil companies earned nearly $93 billion in the spring quarter, or more than $1 billion a day, as the US-Iran conflict pushed crude prices higher, Livemint reports.…
