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ET Markets - Industry 96d ago
South Asia battles fuel crunch amid Iran war fallout
South Asian nations are taking action to combat an energy crisis. Countries like India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Maldives are introducing various measures. These include fuel price adjustments, reduced consumption, and shifts towards electric vehicles. The aim is to manage dwindling supplies and rising costs impacting millions.
ASIANENEENERGYGKENERGYKPELVICTORYEVAutomobile and Auto ComponentsConstruction
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ET Markets - Industry 96d ago
A $19.50 oil premium: Saudi Arabia sets record crude price as Hormuz crisis rattles markets
Saudi Aramco has set a record premium for its crude oil sold to Asian buyers. This move comes as disruptions in the Strait of Hormuz impact global energy markets. Iran's actions have affected oil flows from the Persian Gulf. Global oil prices have seen a significant rise. Fuel prices are also surging across continents.
ASIANENEENERGYGKENERGYGLOBALGULFOILLUBKPELOILPREMIUMAutomobile and Auto ComponentsConstruction