Tel Aviv: The United States has announced that it will take Iranian oil exports to nil, by imposing harsh sanctions. In this scenario, Saudi Arabia has declared to bridge the gap created in the oil supply of the countries, who were buying oil from Iran. An Israeli news channel claimed that infuriated by this, Iran […]
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Damascus: – Thousands of barrels of oil have been spilt from Syria’s energy projects, and oil spills are spreading into the Mediterranean Sea. Neighbouring countries, Turkey and Cyprus, have put their agencies on alert. The European Union also has expressed concern over the oil spill in Syria. The federation said this posed a threat to […]
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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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Tokyo/ Moscow – Group of 7 developed countries, known as the G7, has supported and aided Ukraine in ongoing Russia- Ukraine conflict. They imposed heavy sanctions on Russia and its oil exports to weaken the Russian economy. One of the decisions was to impose a price cap on oil purchase. However, Japan, one of the […]
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Riyadh/Sana: The Houthi rebels targeted six Saudi cities, including the capital Riyadh. The Houthis informed that the fuel projects of Saudi company ARAMCO were targeted with drones and missiles. There was a major explosion of the fuel stock at the project in Jeddah. The military front of the Arab countries criticised that these Houthi attacks […]
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Washington: – China’s intention to use overseas commercial ports for its military ambitions has been exposed. The United States has pointed out to the UAE that China, which has invested billions of dollars in UAE ports, is conducting military operations in the area. A US newspaper reported that China was forced to stop these military […]
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Sanaa/Dubai: Attacks on Saudi Arabia by Houthi rebels in Yemen have intensified. The Houthis fired 16 ballistic missiles and drones at four Saudi Arabian cities. Two children were injured, and 14 houses were damaged in the attack. Saudi Arabia said that most of the pro-Iranian Houthi attacks had been foiled. There have been reports of […]
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Washington/Riyadh: – As fuel prices in the United States continue to rise, the Biden administration has instructed the OPEC group of fuel-producing countries to increase production. However, in its monthly report, OPEC has indicated that it will reject the US demand for increased production. At the same time, the International Energy Agency (IEA) has warned […]
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Tehran – Within hours of Kharg catching fire and sinking, there was a massive fire in an oil refinery in Tehran, the Iranian capital. These two fires rocked Iran in a span of only a few hours. The local agency claimed to have brought the fire, which was blazing till Wednesday night, under control, on […]
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New Delhi: Union government will build temporary hospitals near the industrial units producing Oxygen to make over 10,000 Oxygen beds available in the shortest time. Prime Minister Narendra Modi reviewed the Corona situation in the country in a high-level meeting. This plan was discussed during the meeting. The states will be encouraged to create these Oxygen […]
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