Vienna: Crude oil prices have once again gone past $100 per barrel after the Organization of the Petroleum Exporting Countries (OPEC) and other oil-producing countries signalled to cut oil production. This is coupled with looming uncertainty over the Iran nuclear deal. Analysts have warned that if OPEC Plus cuts oil production, the oil prices will […]
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Moscow/London/New York: Intense repercussions of the announcement made by Russian President Vladimir Putin were felt in the international markets. Crude oil rates have crossed $99 per barrel. The crude oil prices have touched this level for the first time since September 2014. Apart from the increase in crude oil prices, stock markets have tumbled in […]
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London/New York: – The crude oil rates spurted above $95 per barrel due to the tensions prevailing between Russia and Ukraine. This is the first instance of the crude oil rates crossing $95 level since October 2014. Against the background of this rise, analysts have predicted that the crude oil rates could scale at $120 […]
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Dubai / London – Crude oil prices have increased due to a drone strike near the United Arab Emirates (UAE) fuel depot. Crude oil prices have jumped above $87 per barrel in the international market, the highest level in seven years. Earlier, in October 2014, crude oil prices were recorded at more than $87 per […]
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Washington / Riyadh – The decision to maintain the fuel supply limit was taken at a recent meeting of the OPEC and OPEC Plus groups of fuel-producing countries. As a result, crude oil prices have continued to rise; they have crossed the $80 per barrel mark in the international market. On Friday, the crude oil […]
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Washington: The experts and analysts in the oil sector have claimed that crude oil rates could rise up to $120 due to the sanctions imposed by the United States on Iran and the trade war in the global economy. The oil supply from Iran has declined since the European and Asian countries have taken steps […]
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London/Washington/Tehran: The crude oil prices have once again surged against the backdrop of US President, Donald Trump’s deadline to withdraw from the Iran Nuclear Deal and the Venezuelan economic crisis. On Monday, the crude oil prices in the global markets rose to $75 making it the first time since Nov 2014 to hit its highest […]
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Riyadh/Moscow: The crude oil prices jumped by about 2% and surpassed the mark of $74 per Barrel. This was the highest rise in the last three and a half years. The reason attributed to this rise is the tension in the Gulf and regression in the United States oil reserves. In this scenario of escalating […]
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Moscow/Riyadh/London – The crude oil price has seen a jump after the leading countries of the oil sector, Russia and Saudi Arabia, announced to cut fuel production. On Tuesday, crude oil price crossed the $90 mark per barrel, the highest since November 2022. Analysts have estimated, on the backdrop of this increase, that crude oil […]
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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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