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West Asia crisis could become serious: Oil Minister

1 source · first seen 21:30 24 Sept · updated 21:30 24 Sept

The brief

Written from 1 report · check the source before you trade
  • The Oil Minister said the West Asia crisis could become serious
  • He assured that global crude oil supply is sufficient to meet demand
  • Crude supply risks matter to Indian oil marketing companies and fuel-intensive sectors

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Linked by the tag OPEC+

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Part of a developing story12 updates over 2 days

Saudi oil shipments through the Strait of Hormuz

Saudi Arabia increased crude shipments to Asian buyers, including India and China, as the Iran war and Hormuz crisis raised supply concerns. Ship-to-ship oil transfers in the Gulf of Oman have reached capacity amid the surge in exports.

Read the reports

1 report · earliest 21:30
Business LineWest Asia crisis could become serious: Oil Minister21:30