Petroleum

OPEC+ Approves Fourth Oil Output Quota Hike Amid Hormuz Tensions

News Desk5 hours ago5 hours ago03 mins

OPEC+ ministers reached a consensus in Vienna this week to implement their fourth consecutive monthly production increase, signaling a strategic effort to stabilize global energy markets as geopolitical tensions persist near the Strait of Hormuz. The alliance confirmed a collective output boost of 400,000 barrels per day, a move designed to address rising global demand…

Modi’s UAE Visit Signals Strategic Pivot to Energy Security

News Desk3 weeks ago03 mins

Indian Prime Minister Narendra Modi is expected to negotiate expanded energy supply agreements during a high-stakes, short-duration visit to the United Arab Emirates this week. Government sources indicate that the discussions will focus heavily on securing long-term liquefied petroleum gas (LPG) imports and bolstering India’s strategic petroleum reserves. This diplomatic mission underscores New Delhi’s urgent…