Tag: Middle East

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has issued a Force Majeure notice on 3 March  under its Gas Sale and Purchase Agreement. The notice...

Gujarat Gas issues Force Majeure notices to industrial customers

The company said it has issued Force Majeure Notices to its Industrial Customers in terms of the provisions of the Gas Supply Agreements restricting...

DFC says its insurance products will support private sector operations in Gulf region

US President Donald Trump said he has ordered DFC to provide, at a very reasonable price, political risk insurance and guarantees for the Financial...

Trump says will provide insurance to ships in Gulf

This will be available to all Shipping Lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as...

Petronet LNG issues Force Majeure notices, amid Middle East situation

Considering the prevailing security situation and the material risks posed to maritime navigation, Petronet LNG said it has issued a Force Majeure Notice to...

Inter-Ministerial Group formed for Supply Chain Resilience: Piyush Goyal

Today, a consultation meeting was held with all stakeholder Ministries, key logistics and trade facilitation partners to review the emerging geopolitical situation and its...

Strait of Hormuz- All you need to know

What is the significance of Strait of Hormuz? According to S&P Global 20.8 million barrels of oil and products transit the Strait this year. 15.4...

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US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has...

US Trade court orders tariff refunds: report

"All importers of record whose entries were subject to...