Oil Prices Rise Amid Conflict Fears

07 Oct 2024 CW Team

Oil prices have seen an upward trend due to rising geopolitical tensions, particularly in key oil-producing regions. Market participants are increasingly worried about potential supply disruptions stemming from conflicts, which could have significant ramifications for global oil availability.

As tensions escalate, concerns over instability in these areas often lead to speculation and anxiety in the oil markets. However, the rise in oil prices is being capped by abundant supply, which is helping to maintain a level of stability despite the turmoil.

Major oil-producing countries have been ramping up production to meet ongoing demand, ensuring that there is sufficient oil in the market to prevent sharp price increases. Furthermore, U.S. oil inventories remain robust, contributing to the overall supply picture.

Analysts suggest that while geopolitical risks can drive prices up in the short term, the current oversupply is likely to keep a lid on any significant price surges. As the market continues to navigate these complex dynamics, traders are closely monitoring developments that could impact both supply and demand.

The interplay between geopolitical events and market fundamentals remains crucial in determining the direction of oil prices in the coming weeks.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..