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Image used for representational purposes. File | Photo Credit: K.V.S. Giri About ₹1,600-1,700 crore per day, over ₹1 lakh crore in 10 weeks. That’s the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue bearing the…
International Energy Agency (IEA) Executive Director Fatih Birol. File | Photo Credit: Reuters The International Monetary Fund, World Bank and International Energy Agency on Monday (April 13, 2026) urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they called the biggest shock ever to the global energy market. IEA…
A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, on April 12, 2026. | Photo Credit: Reuters U.S. Central Command said it will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET (1400 GMT), after President Donald Trump said…
Germany’s far-right Alternative for Germany party has used surging energy prices to revive its longstanding call for Berlin to turn once more to Russia for cheap energy after scoring some of its best results in two state elections this month. German petrol prices have jumped by more than 15% since the U.S. and Israel began…