Sensex Today | Stock Market Highlights: Markets snap 4-day losing streak; Nifty up 101 pts, IT shines

We Are Facing A Major Problem In The Energy Market

Current Energy Crisis Is The Biggest One In History

Combined Oil & Gas Supplies Lost In The Last 3 Energy Crisis Less Than What Is Lost In The West Asia Crisis

When We Entered The Crisis, Had Oil Surplus In The Markets Pushing Prices Lower

After The West Asia Crisis, Have Been Using Oil & Gas Surplus, Inventories

Oil & Gas Inventories Have Been Diminishing

Will Enter The Red Zone For Global Economy, Especially Asia, If Hormuz Closure Persists

There Should Be No Question Of Tolls On The Strait Of Hormuz

If We Don’t See Unconditional Opening Of Hormuz By End Of June We Will Be In Red Zone

Important To Give Mkts Confidence That Tankers Can Transit Through The Hormuz Strait Safely

Most Experts Feel If Hormuz Strait Can Be Closed Once, It Can Be Closed Again

400 Million Barrel Emergency Release Was IEA’s Largest Ever

400 Million Barrels Of Oil Is Just 20% Of IEA Reserves

If Necessary & Required By Markets, Might Release Further Emergency Reserves

Will Act Swiftly To Release Emergency Reserves

As We Speak, We Are Not At A Stage That Requires The Release Of More Reserves

Don’t Feel Need To Release Next Tranche Of Strategic Reserves Yet, Actively Monitoring Situation

In Some Countries Restoration Of Supplies Will Be Easier

Saudi Arabia & Emirates Can Move Fast, But I’m Worried About Iraq

Will Be Naive To Think Everything Will Go Back To The Way It Was If Hormuz Strait Opens

Energy Markets Will Continue To Be Volatile Even Post Reopening Of Strait Of Hormuz

‘Naïve’ To Expect Qatar LNG Terminals Will Come Back Soon

Oil Markets Will Continue To Be Rocky & Volatile Even After The War Ends

Oil Is Going To Push Inflation Up In Many Countries

Oil Prices Are Already 30% Higher Than Before The War

May Even See Higher Prices Than Today If Hormuz Doesn’t Reopen Soon

Oil Prices Are Likely To Stay At These Levels

Don’t Have The Luxury Of Having Tensions Between Producing And Consuming Countries