European gas prices have more than doubled since the US-Israel-Iran conflict began. (AI image) Is an Armageddon scenario about to play out? Europe and Asia are facing a nightmare scenario with the escalating crisis in the Middle East now increasingly impacting key energy infrastructure. The latest shockwave for the market has come in the form…
The Centre on Thursday launched the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme with an outlay of Rs 497 crore to support Indian exporters facing disruptions due to the ongoing conflict in the Middle East, as the government moved to cushion the impact of rising freight costs, insurance premiums and shipping delays.The scheme…
Benchmark equity indices Sensex and Nifty suffered a sharp sell-off on Thursday, with both plunging more than 3 per cent as surging crude oil prices, weak global cues and escalating attacks on energy infrastructure in West Asia triggered a broad-based market rout. The fall was especially severe in financials, autos and industrials, while ONGC stood…
The Centre has classified key energy data as a matter of national security and directed all entities across India’s oil and gas value chain to submit detailed operational information, as the government moves to tighten oversight of supplies disrupted by the ongoing Middle East war.The oil ministry has issued the Petroleum and Natural Gas (Furnishing…
Global oil prices surged and equity markets weakened on Thursday after fresh strikes on energy infrastructure in Iran and in retaliation Islamic Republic escalating threats to key facilities across the Gulf raised concerns over supply disruptions.Natural gas prices increased by more than 5%, while Brent crude rose to $111.19 in early trading and extended its…
Gold prices witnessed a sharp fall in futures trade on Thursday, tracking weak global cues and a stronger US dollar. According to PTI, gold contracts for April delivery on the Multi Commodity Exchange dropped by Rs 3,616, or 2.36 per cent, to Rs 1,49,409 per 10 grams in a turnover of 7,387 lots.Analysts said the…
Global oil and natural gas prices surged sharply on Thursday after Iran launched fresh strikes on key energy infrastructure across the Gulf, including Qatar’s main liquefied natural gas (LNG) facility, raising concerns over prolonged supply disruptions.Brent crude, the international benchmark, climbed close to $114 per barrel, up from below $73 on the eve of the…
The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with…
Under a proposal being reviewed by the finance ministry, domestic insurers could be enabled to provide cover for vessels navigating high-risk areas. (AI image) Middle East conflict impact on India: The government is looking at the creation of a specialised fund to assist insurers offering war-risk coverage for ships operating on routes to and from…
Gold price prediction: Rs 150,000 level is expected to act as a crucial support zone. (AI image) Gold and silver price prediction today: Gold prices may see some upside swing, while silver prices may move up to Rs 285,000, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook…
