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Asia markets could see 15-20% downside if oil hits $120-130: Morgan Stanley
Jonathan Garner, Chief Asia and Emerging Markets Equity Strategist, Morgan Stanley, says the risk is not just higher oil prices but disruption in supply flows across oil and gas. He flags that this could hit industrial production, including fertilisers, and weigh on economic activity across Asia, which remains highly dependent on energy imports.
Reliance Industries signs $3 billion green ammonia supply deal with Samsung C&T
Reliance Industries has struck a groundbreaking deal with Samsung C&T, marking a pivotal moment in environmental progress. The extensive 15-year agreement, worth over $3 billion, will kick off with the supply of green ammonia beginning in late fiscal 2029. This collaboration embodies Reliance's ambitious move towards clean energy production, reflecting the escalating international demand for sustainable fuel alternatives.
GAIL among 10 energy stocks that hit 52-week lows; slip up to 18% in a month
India sees power use surging to record, adding to energy crisis
India braces for a record surge in power demand this summer. This comes as the nation faces energy challenges exacerbated by the ongoing war in Iran. Authorities are working to secure fuel supplies for power stations. The country's electricity needs are expected to climb significantly. This situation puts added pressure on coal power plants.
Strike forces fresh halt to oil loading at UAE’s Fujairah port, underscoring risks to global supplies
Port of Fujairah, a vital UAE oil hub, faced another strike. Oil loading operations were suspended. This follows a recent drone attack that caused a fire. The port bypasses the Strait of Hormuz. These repeated disruptions highlight energy supply risks. Crude futures have risen amid fears of further attacks.
Stocks to buy: From Coal India to JSW Energy, Axis Direct bets on these 5 stocks as India’s power demand heats up
Axis Direct maintains Buy ratings for Coal India, Skipper, and JSW Energy, highlighting strong demand and infrastructure expansion in India's power sector. Target prices are ₹500 for Coal India, ₹470 for Skipper, and ₹630 for JSW Energy.
US crude prices back above $100 a barrel amidst concerns over Kharg island
The International Energy Agency said that the supply of emergency barrels from reserves of Asian member countries will begin immediately, while those from the Europe and Americas will begin by the end of March.
Indian Oil Corporation's Sri Lanka operation will maintain fuel line, provide energy security
Lanka Indian Oil Corporation (LIOC) assured continued fuel supplies amid the West Asia conflict. Managing Director K Raghu emphasized energy security for Sri Lanka.
US-Iran War Live Updates: US Kicks Off Oil Reserve Release; Orders Partial Evacuation Of Oman Staff
The U.S. Department of Energy says that the first batches of crude released from the Strategic Petroleum Reserve (SPR) are expected to begin reaching the market next week.
US Begins Emergency Oil Reserve Release Of 86 Million Barrels
Under the terms of the exchange, companies will return the borrowed oil to Energy Department with additional barrels as a premium.
Fuel Shortages From War Begin To Threaten Global Food Supply
Two weeks into the US-Israeli war with Iran, flows of crude oil, liquefied natural gas and fertilizer have been choked by attacks on energy infrastructure across the Middle East.
US-Iran war: Russia, China to Israel — Who wants the Strait of Hormuz to open soon?
The US-Iran war persists with no signs of de-escalation, benefiting Russia through higher oil prices. China may mitigate energy threats by increasing Russian oil imports