Iranian oil exports decline by 46% after the harsh US sanctions, say Iranian and international organisations

Iranian oil exports decline by 46% after the harsh US sanctions, say Iranian and international organisations

Tehran/London: Iran has started feeling the heat of the harsh sanctions imposed by US President Donald Trump. The Iranian oil exports have shown a decline to the extent of 46% compared to last year. The slide is not expected to stop here but may increase further in the coming months, said the Iranian officials. As […]

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US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

Washington: The United States seems to have reaped the benefits of the agreement signed between the main organisation of oil-producing countries, OPEC and Russia for raising oil prices. Russia and OPEC had signed an agreement to reduce oil production with the objective of creating a hike in oil prices. The United States has taken advantage […]

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If US issues a naval blockade over Russia’s oil movement, it would mean war, warn Russian leaders

If US issues a naval blockade over Russia’s oil movement, it would mean war, warn Russian leaders

Moscow: ‘If the United States implements a naval blockade over the Russian oil trade, it will amount to declaration of war against Russia under the international laws,’ warned the head of the Russian Senate’s Information Policy Committee, Alexey Pushkov. At the same time, Pushkov criticised the statements made by the US Interior Secretary regarding Russia […]

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Oil rates may hit $100 a barrel, warn international financial institutions and leading oil companies

Oil rates may hit $100 a barrel, warn international financial institutions and leading oil companies

London/Washington: The oil rates jumped by 2% on Monday to settle at $80 per barrel. This takes the oil rates to its highest level since November 2014. This jump will continue and by the beginning of the year 2019, the oil rates would cross $100 per barrel, warned the companies from the oil sector. Severe […]

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One mistake by the US will cause Hormuz Strait’s oil transport to shut down, warns Iranian military chief

One mistake by the US will cause Hormuz Strait’s oil transport to shut down, warns Iranian military chief

Tehran: ‘The United States will have to pay a heavy price if it makes the mistake of stopping the Iranian crude exports. Iran will stop the entire crude oil movement from Arabian nations, passing through the Strait of Hormuz if the United States makes this mistake,’ warned the Iranian military chief, Major General Mohammad Hossein […]

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US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

Washington/Riyadh: President Trump has warned the leading countries in OPEC, the association of the oil producing countries, that if they do not take proper measures to reduce oil prices, the United States will not be responsible for their safety. Only last week, President Trump had made a sensational claim that King Salman of Saudi Arabia […]

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‘Will stop oil transport in the Hormuz Strait if the Iranian President orders to,’ says Quds Force’s General Soleimani

‘Will stop oil transport in the Hormuz Strait if the Iranian President orders to,’ says Quds Force’s General Soleimani

Tehran: Iranian oil exports have taken a hit due to the sanctions imposed by the United States. ‘If Iranian oil export is stopped from reaching its destination countries, Iran too will not allow oil from other countries to transport, thus threatened the Iranian President to block the Strait of Hormuz. The Iranian Quds Force’s Chief, […]

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US records highest exports of Natural Gas for the first time after 6 decades

US records highest exports of Natural Gas for the first time after 6 decades

Washington: Last year US President Barak Obama had taken a decision, to permit the US companies to export fuel once again. After this, merely within a year US oil and natural gas exports seem to have grown rapidly. According to the November figures, US has achieved success in exporting more than 7 billion cubic feet of […]

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Russia & Saudi Arabia agree on stabilizing oil prices, indications of oil price hike

Russia & Saudi Arabia agree on stabilizing oil prices, indications of oil price hike

Hangzhou : Russia and Saudi Arabia have agreed that joint efforts should be made to stabilize the oil market by controlling the oil prices, which are experiencing a fall for two consecutive years. It was informed that the two countries signed an agreement in this regards on the sidelines of the G-20 summit in China. […]

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