Moscow: This is Russian President Vladimir Putin’s second visit to Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in the past eight months. Even though the primarily aim of the meet held at the Russian capital, Moscow was fuel sector cooperation and a crucial agreement, it also shows signs of attempts to improve bilateral ties […]
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Washington : US President Donald Trump has given indications that the emergency oil stockpile, kept for a propective disaster should be put up for sale. This proposal has been worked out to reduce the burden of indebtedness on the US economy. As per a statement from the White House on Monday, reserves till 2018 could […]
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Riyadh/Kuala Lumpur: Last year Saudi Arabia had announced an ambitious economic reforms plan to overcome the financial losses it faced due to the slide in crude oil prices in the global market. To attract investments for this plan, Saudi Arabia’s ‘King Salman bin Abdulaziz Al Saud’ has decided on a tour of Asian countries. The […]
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Caracas : Venezuela, a Latin American country whose economy is known to be mainly dependent on oil is now facing acute shortage of food and essential commodities, creating chaos in the country. In the last two days, 125 thousand of Venezuelans are desperate to leave their country and enter neighboring Colombia for their basic needs like […]
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London, Dated.11.06.2016-Russia was declared as the largest fuel exporter in the world for year 2015. This information was published by the leading fuel company BP. Russia exported around 75% of its oil produce and 33.7% of its CNG. A net increase of 1.2% in the fuel production of Russia compared to the year 2014 has […]
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