London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]
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New York: ‘If the United States imposes fresh sanctions against Iran, it will have a severe effect on the crude oil prices in the international markets. This will also add to the woes of the United States’ allies in the Gulf,’ sternly warned e Iranian Deputy Foreign Minister, Abbas Araghchi. International analysts had already warned […]
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London / New York (News agency): The price of oil has bounced up again attributing to factors like recently held unsuccessful meeting of ‘OPEC’, Nigerian oil pipeline attacks and uncertainty in decision of the Federal Reserve. Brent crude oil as well as US crude oil rates have crossed $50/barrel again. These rates are the highest in […]
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Dubai/ Washington – Saudi Arabia and OPEC Plus member countries gave a strong blow to the US on Sunday. From May 1, Saudi Arabia and OPEC plus countries announced a reduction in fuel production of 11 lakhs and 50,000 barrels per day. This has resulted in the American fuel market and crude oil prices have […]
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London/Beijing – In the background of the increasing scope of the ongoing agitation in China and the shocks to the economy due to the ‘Zero Covid Policy’, there was a vigorous fall in the stock markets worldwide on Monday. The stock indices of the UK, France, and Germany in Europe and Japan, South Korea, Singapore […]
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Vienna/Washington: OPEC Plus, a group which includes the world’s leading fuel-producing countries, has decided to decrease crude oil production by two million barrels per day. This decision is considered to be a significant diplomatic victory for Russia. The United States has strongly reacted to this, and the Biden administration has criticised the announcement as protecting […]
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Washington: Fear of global recession and increasing spread of Coronavirus caused a fall of about 10% in the crude oil rates in two days. The fall has brought the crude oil rates below USD 100 per barrel level. This is the first decline in crude oil rates since the start of the Russia-Ukraine conflict at […]
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London/New York – The problems faced by the OPEC member countries in oil production and the harsh winter in the United States has caused the crude oil rates to spurt once again. Prices of Brent crude and the US WTI crude have reached $93 per barrel. Analysts have warned that the crude oil rates will […]
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Dubai/London – The tension increasing between Russia-Ukraine and the Middle East and the central Asian regions has caused the crude oil rates to peak at $90 per barrel. Before this, a rate of $90 per barrel of crude oil was seen in October 2014. As the demand for crude oil has been increasing for the […]
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Washington: – A senior official at the international financial institution JP Morgan has warned that the OPEC or the affiliated countries cannot fulfil the demand while the crude oil rates are increasing. Therefore, the rates for crude oil could flare up to the $150 per barrel levels in the next two years. Fears of the […]
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