Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

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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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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Saudi Arabia will increase its oil production by 2 million barrels to reduce oil prices, claims President Trump

Saudi Arabia will increase its oil production by 2 million barrels to reduce oil prices, claims President Trump

Washington/Riyadh: President Trump made a sensational claim that the Saudi Arabian ‘King Salman’ has expressed willingness to increase the crude oil production by 2 million barrels. Although, Saudi has accepted the report about a discussion between the US President and King Salman, it has refused to comment on the matter of any such firm commitment […]

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Venezuela’s economic crisis & Iran’s Nuclear Program, lead to surge in crude oil prices to $75 per barrel

Venezuela’s economic crisis & Iran’s Nuclear Program, lead to surge in crude oil prices to $75 per barrel

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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Electric Car revolution could slump oil prices to 10 dollars, warns a British analyst

Electric Car revolution could slump oil prices to 10 dollars, warns a British analyst

Landon: Chris Watling, a British analyst, warned about the drop oil prices to 10 dollars per barrel in next few years. He said that, “Development in electric cars will cause significant events around the world. As 70 percent of all the crude oil produced is used for transportation. We cannot forget that approximately 120 years ago the world was not […]

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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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US will dominate the oil sector and continue to do so despite upheaval of prices in the sector, claims US Deputy Secretary for energy

US will dominate the oil sector and continue to do so despite upheaval of prices in the sector, claims US Deputy Secretary for energy

Washington: US Deputy Secretary of energy, Dan Brouillette claimed that the United States would be dominating the international energy sector. He said that US President Donald Trump has drafted the oil policy with a view that the United States will lead the Oil sector. President Trump’s persistent stand is that the United States has to […]

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