Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]
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Washington/Moscow: ‘I don’t think anyone likes it. We don’t know how far it will go. Today, it’s Russia. But tomorrow, that can change, and it could be a global price cap. That would be extremely serious,’ warned Oman’s Minister of Fuel, Salim Al-Aufi. Oman is a leading country in OPEC, an organisation of fuel-producing countries, […]
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New Delhi: The G7 countries, the United States, Canada, United Kingdom, France, Germany, Italy and Japan, have imposed a price cap, meaning a sealing on the selling price of the fuel exported by Russia. According to this, other countries purchasing Russian fuel can purchase it at a rate of only $60 per barrel. But the […]
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Brussels/Moscow: The European Union meeting has indicated that the price of crude oil imported from Russia will be kept at $60 per barrel. European sources informed that the resolution in this regard has yet to be fully approved, but Poland has taken a reluctant stance to keep the price at a low level. However, European […]
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Washington/ Moscow: After the start of the Russia-Ukraine conflict, the United States and the alliance of European countries made plans to destroy the fuel sector, the backbone of the Russian economy. But despite the sanctions imposed on Russian fuel companies and banks and pressure on countries that buy Russian fuel, the demand for Russian fuel […]
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Moscow: India and Russia stand for a more just and polycentric world order. The position of India and Russia on many international issues is almost the same, said the Ministry of Foreign Affairs of Russia. As Indian External Affairs Minister S. Jaishankar begins his Russia tour, these claims by the Russian Foreign Ministry become significant. […]
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Washington: Local fuel companies have warned that some parts of the United States will face major blackouts during the winter. Some states in the northeastern US, apart from New England, import natural gas to meet winter electricity demand. However, due to the increased demand for fuel gas from European countries, there are indications that these […]
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Riyadh: Saudi Arabia has said that the decision to cut fuel production has not been taken by a single member country of OPEC Plus. This decision was taken unanimously to remove the instability in the fuel market in consideration of the interests of OPEC Plus member countries. No other country can decide the economic interests […]
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Washington: OPEC Plus countries have decided to cut crude oil production by 2 million barrels per day to stop the crashing fuel prices in the international market. This is likely to push fuel prices to $110 per barrel. The United States has reacted strongly to this decision taken on the initiative of Saudi Arabia and […]
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Washington: In the wake of rising fuel prices and rising inflation triggered by the Russia-Ukraine conflict, US President Joe Biden has decided to open the ‘Strategic Petroleum Reserves’. It has been revealed that these reserves, created to meet the United States’ fuel needs during an emergency, are rapidly depleting. The US Department of Energy reported […]
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