New York: Oil rates in the international market have plummeted to $27 per barrel. The oil-producing countries have taken a major hit, as the rates have gone to the lowest level since 2003. Coronavirus has brought the global economy to a standstill and there is no possibility of the oil demand increasing in the near […]
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New Delhi: The crude oil rates are crashing in the international markets. The crude oil rates have plummeted by nearly 40% in the last week, resulting in a slide of USD 30 per barrel. As per experts, the sliding oil prices in the international markets become an opportunity for a country like India, who imports […]
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Tehran: – Iranian military has started comprehensive ‘Biological Warfare’ exercises. Along with the Iranian military, the air force and navy also are participating in these exercises. The Commander-in-Chief of the Iranian military, Major General Abdolrahim Mousavi, gave the information regarding the war exercises. As per the Iranian media, these exercises are important against the background […]
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Washington: US economist and investor Peter Schiff warned ‘The current situation in the United States is the beginning of the biggest economic crisis in the history of the United States. The intensity of the new recession is so dreadful that the crisis in 2008 will look minuscule, in front of it. The situation will be […]
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Riyadh/Moscow: – There has been a strong reaction from OPEC after Russia refused to cut oil production and instead announced to increase it. Main members of OPEC, Saudi Arabia and the United Arab Emirates (UAE) announced an increase in oil production. Saudi will be producing 13 million barrels of oil and UAE has announced a […]
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Beijing: – The Chinese government, who faced a lot of flak on the issue of the Coronavirus epidemic, is trying to salvage its collapsed image. As part of this effort, President Xi Jinping visited the city of Wuhan, the place of origin of the epidemic. The Chinese media claimed that the visit proves that the […]
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New Delhi: The worldwide demand for oil has drastically reduced since the Coronavirus went on a rampage around the world. This has pulled the oil rates down. Countries like India, who import 80% of its oil requirement, can benefit in a big way because of this. Media are claiming that the dispute between OPEK countries […]
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Vienna: The agreement between OPEC, the main organisation of the oil-producing countries, and Russia, regarding oil production cut, has fallen through. This caused the international oil rates to tumble and they slid to below $47 per barrel level. A leading analyst and advisory company, from the oil sector, warned that if OPEC members do not […]
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Hong Kong: While the world is busy finding measures to control the Coronavirus epidemic, the pro-Chinese administration in Hong Kong has raised the baton of action against the protestors. On Friday, entrepreneurs and opposition leaders, supporting and participating in the protests were arrested. They were accused of participating in a rally that was illegally held […]
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New Delhi: India has sent 15 tonnes of medical supplies to China, who is reeling under the Coronavirus epidemic. C-17 Globemaster aircraft of the Indian Airforce reached the Wuhan City with these medical supplies. The same aircraft will be airlifting the 80 Indians as well as 40 people from the neighbouring countries, stranded there. China […]
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