Bhubaneswar: Amid growing geopolitical tensions and speculation about disruptions in global energy supplies, India’s energy security remains stable, backed by strong reserves, robust refining capacity, and diversified import sources. Contrary to alarmist narratives circulating in public discourse, data indicates that the country maintains a comfortable buffer to manage temporary shocks in the global oil market….
Bhubaneswar: As geopolitical tensions intensify in West Asia, anxieties about energy security are unsurprising. But the rapid spread of rumours about petrol and diesel shortages across social media illustrates a familiar problem in moments of global uncertainty: panic often travels faster than facts. India’s largest fuel retailer, Indian Oil Corporation, has categorically dismissed the circulating…
Bhubaneswar: Russia is prepared to redirect crude oil shipments to India to help offset potential supply disruptions arising from the escalating conflict in West Asia, according to an industry source cited by Reuters. Around 9.5 million barrels of crude oil are currently aboard tankers near Indian waters and could be diverted to Indian refiners within…
Bhubaneswar: The intensifying confrontation between Iran and its adversaries has taken a new and alarming turn after Tehran reportedly launched a missile strike on a major oil facility in Bahrain, raising fears of a broader regional war and threatening critical global energy infrastructure. Refinery Hit Near Manama The missile reportedly struck the Ma’ameer refinery complex,…
Bhubaneswar: The escalating conflict in West Asia has begun to directly affect air travel from Odisha, with flights between Bhubaneswar and Dubai facing cancellations due to widespread airspace closures in the region. Airline IndiGo has cancelled its Bhubaneswar–Dubai flights scheduled for Monday and Wednesday, following restrictions on several air routes across West Asia after recent…
Bhubaneswar: Amid rising uncertainty over energy supplies due to tensions in West Asia, Russia is prepared to reroute crude oil shipments to India to help cushion potential disruptions, according to an industry source cited by Reuters. The source said around 9.5 million barrels of crude are already on board tankers near Indian waters, and these…
Bhubaneswar, INDIA: Iran has opened its land borders for Indian nationals seeking to leave the country following rising regional tensions after U.S. and Israeli strikes that began on February 28 and forced the shutdown of regional airspace. According to reports, Indian citizens are being allowed to exit through neighbouring countries such as Turkey, Armenia, and…
Bhubaneswar: Government sources have said that India remains in a comfortable position regarding energy security despite global uncertainties affecting oil and gas markets. Officials stated that the country currently holds adequate energy stocks, which are being replenished daily to ensure uninterrupted supply. They emphasised that there is no shortage of LPG or LNG, adding that…
Bhubaneswar: The Strait of Hormuz remains one of the most strategically vital energy chokepoints in the world. Connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea, this narrow maritime corridor carries roughly one-fifth of global oil supplies each day. Any disruption — or even credible claims of a temporary closure —…
Bhubaneswar: Indian fuel prices could face upward pressure following reports that Iran has closed the Strait of Hormuz, one of the world’s most critical oil transit routes. The narrow maritime corridor connects the Persian Gulf to global markets and handles a significant share of international crude oil shipments. Any disruption in this passage typically constrains…