Moscow: Russian Finance Minister Anton Siluanov claimed that Russia could maintain its economic progress on the strength of its gold reserves, despite any slump in the oil prices, on the international level. Russia has a gold reserve of more than 2200 tonnes valued at USD 108 billion. At the same time, Russia has added to […]
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Dreadful attacks started on the oil refinery project of Aramco company at Abqaiq in Saudi, at 3:31 am on Saturday. Within the next eleven minutes, Khruais oil installations came under drone attacks. The Houthi rebels from Yemen accepted the responsibility of the attacks. Even in the past, the Houthi rebels have targeted Saudi military bases, […]
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Riyadh/Tehran: Saudi Crown Prince Mohammed Bin Salman warned that Saudi was competent and ready to retaliate against the terror attack on the largest oil refinery project in Saudi Arabia. Saudi Arabian Crown Prince Mohammed Bin Salman held a telephonic discussion with US President Donald Trump regarding the attacks by the Houthi rebels on Saturday. At […]
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Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]
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Dubai: The International Monetary Fund (IMF) has warned that the debt burden on Arab countries is increasing. Christine Lagarde, the Managing Director and Chairwoman of the IMF, issued this warning in an economic conference held in Dubai, cautioning the Arab countries that import and export crude oil. Christine Lagarde also pointed out that the Arab […]
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Riyadh/Moscow: Saudi Arabia and Russia have rejected the demand by US President Donald Trump to increase the oil production. There are indications of tension rising between the United States and Russia-Saudi over the oil issue. Trump had demanded that the OPEC countries should increase the oil production in view of the increasing fuel prices. But […]
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Caracas: The United Nations has expressed fear that the condition in Venezuela, where a large number of citizens are fleeing the country because of the political and economic crisis, is similar to the immigrant crisis of Europe back in 2015. More than a million immigrants had entered Europe after the German Chancellor Angela Merkel opened […]
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Moscow: Iran had threatened to stop all of the oil movement, through the Strait of Hormuz if the United States attempted to stop the Iranian exports through sanctions. But Iran’s decision to close this marine route important for oil movement, is being bitterly opposed by the Arab League, announced the Ambassador of the Arab League […]
Read More »Detroit/Berlin/Tokyo – Just as the prices of crude oil had taken a leap to $ 70 internationally, the leading automobile companies of the world were making heavy investments in the sector of ‘Electric Cars’. This news came into focus at an exhibition of cars in Detroit in US. Information received from international agencies and experts […]
Read More »Washington: Fuel production in the United States is expected to show an increase of a whopping 10% in this year, reaching 11 million barrels per day. The latest report of Rystad Energy has forecasted that this increased production shall take the US to the top, surpassing nations like Saudi Arabia and Russia, which are currently […]
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