China deploys army near Myanmar border to safeguard oil pipeline

China deploys army near Myanmar border to safeguard oil pipeline

Naypyidaw/Beijing: – China has deployed its military near the Myanmar border to secure the China-Myanmar fuel pipeline. ‘The Irrawaddy’, a website from Myanmar, reported this. The website also claimed that this deployment could be to issue a warning to Myanmar. There is a massive resentment in the people of Myanmar against China over the issue […]

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Terror attack on Iranian oil tanker destined for Syria, claims Syrian Prime Minister

Terror attack on Iranian oil tanker destined for Syria, claims Syrian Prime Minister

Tehran: Syrian Prime Minister Hussein Arnous accused that a terror attack was carried out on an Iranian oil tanker carrying oil to Syria, in the Red Sea marine region. The Syrian Prime Minister has not held anyone responsible for this attack. But Prime Minister Arnous criticised that this attack affected the oil supply to Syria. […]

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Chinese companies banned from highway projects and MSME sectors too, Union Minister Nitin Gadkari

Chinese companies banned from highway projects and MSME sectors too, Union Minister Nitin Gadkari

New Delhi: Following the ban on 59 Chinese apps, the government is preparing to deliver another strong jolt to China. Nitin Gadkari, Minister for Micro, Small, medium enterprises (MSME), informed that the government is preparing a policy to stop Chinese investment in the infrastructure and MSME sectors. Gadkari said that the government would ensure that […]

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Reconsider the prediction for abundant oil supply, warns Bahrain fuel minister

Reconsider the prediction for abundant oil supply, warns Bahrain fuel minister

Riyadh: Bahrain Fuel Minister, Sheikh Mohammed Bin Khalifa Al Khalifa claimed ‘Indications are that the production of Shale Oil in the United States is about to cross 14 million barrels per day. Therefore, it is being predicted that there will be abundant oil available in the global markets. But now it is time for these […]

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Israel to build air defence system to defend against the Iranian aggression in the wake of Saudi oil attacks

Israel to build air defence system to defend against the Iranian aggression in the wake of Saudi oil attacks

Jerusalem: The drones and missile attacks on the Saudi oil infrastructure has raised alarm causing Israel to mull boosting its air defence systems. A decision to that effect was taken in the first Security Cabinet meeting presided over by Israeli Prime Minister Benjamin Netanyahu on Sunday. Only a few hours ago, Prime Minister Netanyahu appealed […]

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Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

London/New York: Following the drone attacks on the oil refinery projects of Aramco in Saudi, the oil rates in the international market have jumped by 20%. The oil rates have climbed to USD 71 per barrel in the market transactions on Monday. This is said to be the biggest leap in the oil rates, in […]

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