New Delhi/Moscow: Russia, tormented by sanctions imposed by the United States and its allies, has proposed to sell fuel to India at concessional rates. India is preparing to accept the proposal when the fuel rates have sky-rocketed; some officials have given such indications. As per these officials, banks, Rupee-Ruble exchange rate and other matters are […]
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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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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 / 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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Riyadh/Dubai – It has been reported that the dispute between Saudi Arabia and United Arab Emirates (UAE) flared up in the OPEC meeting. Because of this dispute, the meeting of OPEC and OPEC Plus members ended without coming to any firm agreement. The repercussions of this dispute in the OPEC meeting were felt in the […]
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Dubai: – For the first time since 2014, the Crude oil rates in the international market could scale three figures. Christyan Malek, an analyst at the renowned US financial institution, JPMorgan Chase, claimed that the crude oil rates would cross the $100 per barrel mark by the turn of the year. Five days ago, another […]
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Texas: The oil demand in the international market will increase in the next six months and so will the oil rates. Goldman Sachs, the renowned international financial institution from the United States, claimed that these rates would reach $80 per barrel levels. A few days ago, Goldman Sachs had claimed that Copper would become the […]
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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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Tehran/Washington: US President Donald Trump has issued direct orders to the US navy to destroy all the Iranian patrol vessels in the Persian Gulf, if they cause any nuisance to the US warships, sailing in the Persian Gulf. Infuriated by this warning, Iran has threatened to sink the US warships. Meanwhile, the crude oil rates […]
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