Moscow/London/New York: Intense repercussions of the announcement made by Russian President Vladimir Putin were felt in the international markets. Crude oil rates have crossed $99 per barrel. The crude oil prices have touched this level for the first time since September 2014. Apart from the increase in crude oil prices, stock markets have tumbled in […]
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London/New York: – The crude oil rates spurted above $95 per barrel due to the tensions prevailing between Russia and Ukraine. This is the first instance of the crude oil rates crossing $95 level since October 2014. Against the background of this rise, analysts have predicted that the crude oil rates could scale at $120 […]
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London/New York – The problems faced by the OPEC member countries in oil production and the harsh winter in the United States has caused the crude oil rates to spurt once again. Prices of Brent crude and the US WTI crude have reached $93 per barrel. Analysts have warned that the crude oil rates will […]
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Dubai/London – The tension increasing between Russia-Ukraine and the Middle East and the central Asian regions has caused the crude oil rates to peak at $90 per barrel. Before this, a rate of $90 per barrel of crude oil was seen in October 2014. As the demand for crude oil has been increasing for the […]
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Dubai / London – Crude oil prices have increased due to a drone strike near the United Arab Emirates (UAE) fuel depot. Crude oil prices have jumped above $87 per barrel in the international market, the highest level in seven years. Earlier, in October 2014, crude oil prices were recorded at more than $87 per […]
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Washington: – A senior official at the international financial institution JP Morgan has warned that the OPEC or the affiliated countries cannot fulfil the demand while the crude oil rates are increasing. Therefore, the rates for crude oil could flare up to the $150 per barrel levels in the next two years. Fears of the […]
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Washington / Riyadh – The decision to maintain the fuel supply limit was taken at a recent meeting of the OPEC and OPEC Plus groups of fuel-producing countries. As a result, crude oil prices have continued to rise; they have crossed the $80 per barrel mark in the international market. On Friday, the crude oil […]
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Doha – The CEOs of renowned international oil companies have claimed that the crude oil rates would increase to the level of more than USD 100 per barrel. The senior officers said that this rise would be because of the reduced flow of investment in the sector. It is claimed that the oil companies have […]
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New Delhi: – India filled up its ‘Strategic Oil Storages’, in April, taking advantage of the low crude oil rates, on the international level. Union Petroleum Minister Dharmendra Pradhan informed that India saved nearly Rs 5,000 crores in these transactions. He was answering a question in the Rajya Sabha. In January, the crude oil rates […]
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New Delhi: – India has fully exploited the fall in the oil prices in the international market. The Indian oil companies have filled up their storages completely. Dharmendra Pradhan, Minister of Petroleum, has informed that the oil has been stored in the storage tanks, pipelines and even in oil tankers. Pradhan said that the quantity […]
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