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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

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General business news

EFC Limited secures design and build contract with Tata Consultancy Services

EFC (I) Limited has announced the acquisition of a significant design and build contract with Tata Consultancy Services…

byPallavi Madhiraju

August 27, 2024

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