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April 22, 2026
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Cairn Oil & Gas Cuts Output by 10% Amid Middle East Shipping Disruptions

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Cairn Oil & Gas, India’s largest private oil and gas producer, has reduced its production by 10%, bringing output down from 110,000 barrels per day. The decline is primarily attributed to shipping and logistics disruptions triggered by the ongoing crisis in the Middle East, the company’s founder Anil Agarwal said on Wednesday. The supply chain […]Continue Reading
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India’s Trade Deficit Narrows to $27.1 Billion in February Amid Import Slowdown

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India’s merchandise trade deficit narrowed to $27.1 billion in February, down from $34.68 billion in January, as imports declined, according to data released by the Commerce Ministry. Merchandise exports edged up slightly to $36.61 billion, compared with $36.56 billion the previous month, while imports fell significantly to $63.71 billion from $71.24 billion, helping Continue Reading
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Oil Shipments Halt Near Strait of Hormuz as Conflict Escalates

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Several major oil companies and trading houses have suspended crude and fuel shipments through the Strait of Hormuz following escalating US and Israeli strikes on Iran and Tehran’s retaliatory actions, according to trading sources cited by Reuters. One senior executive said vessels would remain stationary for several days amid safety concerns. The move underscores the […]Continue Reading

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