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New Delhi/Bengaluru -- Oil prices were little changed on Tuesday as investors weighed the possibility of US President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18c, or 0.16%, to $112.96 a barrel at 4.38am GMT after dropping 1% earlier in the session. The May contract expires on Tuesday, while the more active June contract was at $107.10. US West Texas Intermedia ...Read More >
NEW DELHI, March 31 : Oil prices were little changed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz, a key artery for global oil flows. Brent crude futures for May were up 18 cents, or 0.16 per cent, to $112.96 per barrel at 0438 GMT after dropping 1 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $107.10. U.S. ...Read More >
NEW DELHI: Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT after rising 2% earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate futures for May fell 98 cent ...Read More >
NEW DELHI, March 31 : Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08 per cent, to $111.56 per barrel at 0210 GMT after rising 2 per cent earlier in the session. The May contract expires on Tuesday and the more active June contract was at $105.76. U.S. West Texas Intermediate f ...Read More >
BENGALURU, March 31 : Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war. Brent crude futures for May rose $2.26, or 2 per cent, to $115.04 a barrel at 0002 GMT, after reaching their highest since March 19 during the prior session. The May contract expires on Tuesday and the more active June contract ...Read More >
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In a significant step toward strengthening maritime ties, the Indian Coast Guard's Offshore Patrol Vessel ICG Ship Sarthak arrived at Iran's strategic port of Chabahar on December 16, making it the first-ever visit by an Indian Coast Guard ship to the facility, as reported by CNN-News18. The port call, which will last until December 19, is part of the vessel's ongoing deployment to Gulf countries. Officials say the visit will provide a platform for professional interactions between Indian and I ...Read More >
New Delhi: Indian Coast Guard's ship 'Sarthak' has entered the strategic port of Chabahar in Iran as part of its ongoing overseas deployment to Gulf countries, officials said on Wednesday. During the port call, Sarthak, an offshore patrol vessel, will engage in a range of activities to strengthen institutional linkages and enhance mutual understanding in maritime safety and security, they said. The ship entering the Chabahar port marks the "first-ever visit of an ICG ship" to the port, undersco ...Read More >
Chennai: The magnitude of oil spills in the oceans today demands swift and concrete action. It is not just the responsibility of a single nation, but a collective one, Coast Guard director-general (DG) Paramesh Sivamani said.At the 27th National Oil Spill Disaster Contingency Plan (NOSDCP) meeting in the city on Sunday, Sivamani said the exercise would reaffirm the nation's commitment towards protecting the ocean. "This is a biennial exercise and is aimed at proving that the Coast Guard is well- ...Read More >
New Delhi [India], October 6 (ANI): The Indian Coast Guard (ICG) conducted the 10th edition of the National Level Pollution Response Exercise (NATPOLREX-X) alongside the 27th National Oil Spill Disaster Contingency Plan (NOSDCP) & Preparedness Meeting on October 5 and 6, 2025, off the coast of Chennai, Tamil Nadu. This biennial flagship exercise is a cornerstone in strengthening India's preparedness to combat marine oil spills in accordance with the National Oil Spill Disaster Contingency Plan ...Read More >
KOCHI: Mediterranean Shipping Company (MSC), the shipping company involved in the MSC Elsa 3 accident case, has informed the High Court that it is unable to deposit the compensation amount demanded by the Kerala government. The company made the submission when the Admiralty suit filed by the state government seeking Rs 9,531 crore as compensation from the shipping company came up for hearing. The company claimed that the only environmental issue was plastic waste washing ashore. The counsel for ...Read More >
NEW DELHI (Reuters) -India's southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an order late on Monday asking port authorities to effect "the arrest, seizure and detention" of another MSC ship anchored in the Vizhinjam Port in the state until it deposits securities for the claim amount. MSC did not immediately re ...Read More >
Dozens of two-wheelers skidded on a Hyderabad road after an oil tanker leaking fuel passed from the area. The incident which occurred on Hyderabad's Kushaiguda-Nagaram road left several bikers injured. In a video, which went viral after the accident, men and women were seen sprawled on the road along with their fallen two-wheelers. While some of them are still on the road, others can be seen attempting to pick up their vehicles. "A road stretch between ECIL & Keesara has turned slick due to a ...Read More >
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