iea

The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The price hike offers limited relief, covering only a fraction of projected losses.

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

Global unrest and soaring jet fuel prices have led airlines to cancel approximately 13,000 flights in May, removing two million seats before the UK's half-term holidays. While major carriers signal deeper cuts, experts suggest most holidaymakers will not be significantly impacted, with airlines prioritizing less profitable routes. The UK government is offering slot flexibility to aid airlines in managing cancellations.

Based on current estimates, the largest strategic crude reserves at the end of December 2025 were held by China, which significantly expanded its holdings during 2025.

Despite past fears from Chernobyl and Fukushima, nuclear energy is re-emerging as a reliable, clean power source. France's reliance showcases low emissions, while Germany's shutdown increased fossil fuel use. Modern reactors boast enhanced safety features, and global expansion is underway with new designs like SMRs promising efficiency and a smaller environmental footprint.

As unpredictability hovers over international trips due to the West Asia conflict and rising airfares, travellers are not cancelling their plans but readjusting their itineraries

Europe faces a critical jet fuel shortage, potentially lasting only six weeks, warns the International Energy Agency chief. Disruptions from the Iran conflict could soon ground flights. This "largest energy crisis" threatens global economic growth and inflation, with developing nations in Asia and Africa bearing the brunt before impacting Europe and the Americas.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

Asia and Oceania will immediately receive strategic oil reserves, while the Americas and Europe will start releases by late March. This emergency action by the iea aims to cushion the oil shock from the West Asia war, releasing 271.7 million barrels globally. Despite this, oil prices remain near $100, highlighting concerns over the Strait of Hormuz closure.

The world faces an unprecedented energy crisis, a potent mix of oil and gas shocks, warns the International Energy Agency. With infrastructure damaged and the vital Strait of Hormuz threatened, global economic stability is at risk. The agency stresses the need for international cooperation to resolve the escalating situation and prevent widespread fuel shortages.

Oil prices experienced a sharp decline as President Trump ordered a five-day halt to planned military strikes on Iranian energy infrastructure, easing fears of Middle East conflict escalation. Brent crude fell over 15%, and WTI slid significantly, reversing earlier gains driven by concerns over disrupted oil transit routes.

The International Energy Agency's historic 400 million barrel oil reserve release offers limited relief as the Strait of Hormuz remains closed. S&P Global Energy warns this move won't solve the core issue of disrupted shipping, leaving Asian markets particularly vulnerable. Markets face continued imbalance until this critical chokepoint reopens.

The International Energy Agency (iea) is considering a record release of emergency oil reserves, potentially exceeding 182 million barrels, to stabilize global markets amid escalating Middle East conflict. This move follows oil prices surging above $100 per barrel due to disruptions in the Strait of Hormuz and production cuts by Gulf nations.

Amidst soaring crude oil prices due to the US-Iran conflict and Strait of Hormuz disruptions, the International Energy Agency is proposing a record oil reserve release. This move aims to stabilize global markets, potentially exceeding the 182 million barrels released in 2022. Member nations are expected to decide on the proposal soon, with potential delays if any country objects.

How Hormuz disruptions, benchmark volatility and refinery economics are testing India's energy resilience — and why the government moved to shield every pump in the country

President Trump on Monday claimed "productive" talks with Iran, suggesting a potential deal. However, Iranian authorities denied any negotiations, accusing the US of using diplomacy as a cover for military action. Trump announced a five-day pause on strikes against Iranian energy infrastructure, citing ongoing discussions, while military actions continued on the ground.

Scientists warn Earth is nearing a dangerous tipping point, risking a self-sustaining 'hothouse' trajectory. Melting ice and thawing permafrost create feedback loops accelerating warming. Even if fossil fuels are halted, interconnected 'tipping elements' like ice sheets and rainforests could trigger irreversible, extreme heat. Immediate action is crucial to avert this catastrophic future.

Global crude prices saw a dip on Friday. Statements from US President Donald Trump and Israeli prime minister Benjamin Netanyahu helped calm fears of more attacks on energy facilities. Brent crude moved towards $107 a barrel. West Texas Intermediate for May hovered around $94. This follows a sharp rally due to supply disruptions in the Persian Gulf region.