How much oil does India have? PM Modi explains nation’s preparedness amid global fuel crisis

PM Narendra Modi (ANI image) NEW DELHI: Prime Minister Narendra Modi on Tuesday addressed the impact of the ongoing West Asia war on India’s fuel supplies, assuring the country of sufficient crude oil storage and uninterrupted supply arrangements.Speaking in the Rajya Sabha, PM Modi said the conflict has created a serious fuel crunch globally and…

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How long can India survive a crude shortage? Minister responds amid Middle East crisis

State Petroleum and Natural Gas minister Suresh Gopi on Monday said that India’s strategic oil reserves are designed to provide cover for about 9.5 days of supplies during disruptions or price shocks.The announcement comes as global crude oil prices continue to rise amid the ongoing conflict in the Middle East, raising concerns over supply disruptions…

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First signs of fallout emerge! US-Iran war hits India’s private sector growth; manufacturing activity slumps to over 4.5-year low

Experts have cautioned that the ongoing Middle East conflict will impact India’s growth story. (AI image) In the first signs of the impact of the US-Iran war on the Indian economy, the private sector recorded its slowest expansion in more than three years in March, according to the latest HSBC PMI survey. Rising prices linked…

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Asian stocks today: Markets rebound on US-Iran talk signals; Nikkei, Hang Seng lead gains amid volatility

Asian stock markets rose on Tuesday, tracking gains on Wall Street, after US president Donald Trump said Washington had talks with Iran on a possible end to the ongoing conflict in the Middle East. Investor sentiment improved cautiously following Trump’s remarks about “productive talks” over the past two days aimed at “a complete and total…

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