Global crude oil markets face uncertainty in mid-2025. Israel’s airstrikes on Iran’s nuclear facilities caused Brent crude prices to surge. Concerns about supply disruptions from the Persian Gulf and potential Iranian retaliation through the Strait of Hormuz loom large. Despite OPEC+ production cuts, increased output from other nations and tepid demand growth, particularly in the U.S.
MEIL’s MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
PV Krishna Reddy, managing director of MEIL, is seeking ₹1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the