5 Articles
5 Articles


Middle East clash sends oil prices soaring
This article supplied by Troy Media. By Rashid Husain Syed The Israel-Iran conflict just flipped the script on falling oil prices, pushing them up fast, and that spike could hit your wallet at the pump Oil prices are no longer being driven by supply and demand. The sudden escalation of military conflict between Israel and Iran has shattered market stability, reversing earlier forecasts and injecting dangerous uncertainty into the global energy s…
New Delhi: Any escalation in the Middle East crisis or a sharp rise in crude oil prices could pose serious risks to Indian oil marketing companies (OMCs) and gas companies. However, Indian OMCs and gas companies are currently facing mixed impacts from the ongoing volatility in crude oil prices. According to a report by ICICI Securities, despite crude oil currently trading at $73-74 per barrel, there is already a significant impact on the earning…
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