India is exploring increased production of dimethyl ether (DME) as an alternative to LPG amid global oil market disruptions. A government research institute has established a pilot plant and plans to scale up DME output, a fuel scientists say can be used with existing LPG infrastructure, addressing supply challenges and rising prices.
What is DME? Scientists look to scale up output to offset LPG supply blow Read More »
Iran has strategically prepared to leverage the Strait of Hormuz, employing asymmetric warfare with drones and missiles to disrupt global oil flows. This approach, learned from past conflicts, aims to inflict economic pain and pressure the US, rather than engage in direct confrontation. The strategy focuses on survival and demonstrating that coercion cannot force compliance.
Pakistan grapples with an escalating economic crisis as Middle East conflict disrupts vital oil shipments through the Strait of Hormuz. Soaring fuel prices are impacting farmers, urban commuters, and households, forcing difficult choices. With the nation already financially strained, prolonged energy shortages threaten to destabilize its economy further, affecting daily life and traditional celebrations.
Indian airlines are increasing ticket prices due to soaring aviation fuel costs, driven by Middle East geopolitical tensions. Akasa Air, following Air India and IndiGo, will implement fuel surcharges from March 15th, ranging from Rs 199 to Rs 1,300.
After IndiGo and Air India, now Akasa Air to levy fuel surcharge – check details Read More »
President Trump’s stance on rising oil prices has shifted, now framing them as beneficial for the US as a major oil producer. This change follows strikes against Iran, which triggered a surge in global oil and petrol prices, impacting the Strait of Hormuz. The administration is grappling with economic consequences and political considerations ahead of
Stock market crash today: Continuing the down trend, Nifty50 and BSE Sensex tanked in trade on Friday as oil prices climbed and the Strait of Hormuz closure halted important global trade. While Nifty50 went below 23,200, BSE Sensex was down over 1,400 points.
Gold prices saw a significant dip on Friday, with futures trade closing at Rs 1.59 lakh per 10 grams. This decline was influenced by weaker international trends and a stronger US dollar. Analysts highlight the strengthening dollar as a key pressure point, while geopolitical risks and economic signals remain under close observation by traders.
