Diplomatic momentum builds across multiple fronts as ceasefire efforts, nuclear talks and maritime tensions intersect, with global leaders stepping in to stabilise an increasingly volatile region.
Disruptions at the Strait of Hormuz highlight the recurring risks posed by critical chokepoints in the global oil and gas system, even during periods of low prices and oversupply, according to a new analysis by energy think tank E3G.
Global demand for oil this year is on track to rise to a record 101.9m barrels per day as China leads an economic surge among developing nations, the world's leading energy body has forecast, a media report said.
The long price pause for auto fuels came after fuel prices increased for 41 days in the current financial year.
Prices of the fuel in Mumbai, Chennai and Kolkata were at Rs 96.98, Rs 92.58 and Rs 90.77 per litre respectively, same as the previous levels.
Oil marketing companies (OMCs) on Monday continued on the pause mode and decided against revising petrol and diesel prices after…
