India's Oil supplies secure amidst Israel-Palestine conflict, minister

10 Oct 2023 CW Team

India's Petroleum and Natural Gas Minister, Hardeep Puri, reassured the public that the ongoing Israel-Palestine conflict would not impact crude oil supplies to India. Despite a 3% rise in oil prices, reaching $87 per barrel due to the conflict between Israel and Hamas, Puri stated that India would continue to receive its oil supplies. He emphasised that the global energy industry's focal point was the site of the conflict, and India was vigilantly monitoring the situation. Puri acknowledged that the world was not facing a crude oil shortage; the challenge lay in the artificial production cuts by OPEC+ countries, led by Saudi Arabia and Russia, which were elevating oil prices and causing economic difficulties for oil-importing nations like India.

Puri underscored concerns about potential disruptions in sea transport or escalation of the conflict impacting oil supplies and prices. Refinery executives shared similar worries about daily price fluctuations, with a preference for stable monthly average prices. The impact of sustained high prices could lead to reduced marketing margins for refiners, considering the challenges in revising domestic retail prices. The situation remained unpredictable due to the involvement of various regional powers like Iran, Saudi Arabia, and Turkey, each with their geopolitical ambitions, complicating the conflict beyond the immediate parties involved.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..