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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Dreadful attacks started on the oil refinery project of Aramco company at Abqaiq in Saudi, at 3:31 am on Saturday. Within the next eleven minutes, Khruais oil installations came under drone attacks. The Houthi rebels from Yemen accepted the responsibility of the attacks. Even in the past, the Houthi rebels have targeted Saudi military bases, […]
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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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Berlin/Washington: German Foreign Minister Heiko Maas reprimanded the United States in clear words saying, ‘The European countries will decide the policy to address Europe’s oil needs and the United States need not interfere in that.’ A few days ago, the US Ambassador to Germany had threatened to impose sanctions against the companies participating in the […]
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Verna: While major European countries are opposed to Israel on issues like sanctions against Iran and Jerusalem, Israeli Prime Minister, Benjamin Netanyahu is on a visit to the Balkan countries of Europe. The Israeli Prime Minister is here to participate in the Craiova Forum, a group of the Balkan countries in Europe and he becomes […]
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Qamishli: Turkey had declared its participation in the conflict in Syria and Iraq against the IS. But an IS commander has created sensation by claiming that Turkey has been regularly buying oil and gas from the same IS. Syria also is a part of this oil transaction along with Turkey, added the IS militant. The […]
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Moscow: Russia and Iran have increased the scope of the ‘Oil for Goods’ cooperation to $45 billion, finishing the trade based on the US Dollar. This announcement was made by Russian Energy Minister ‘Alexander Novak’. Novak said that this decision was taken after the first phase, of supply of goods in exchange for fuel, was […]
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Moscow: Russia has declared of its ‘Trefoil’ military base in the Arctic region to have become operational and has invited the foreign media for a visit. Russia’s invitation to foreign media is claimed to be an exhibit of its military power. Only in the last month, Russia had organised an international conference for the development […]
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Yangon/Beijing: The ambitious ‘Myanmar-China’ oil pipeline which should reduce the risk for China while importing oil by sea route went operational on Monday. The final agreement on this was signed during Myanmar’s President Htin Kyaw’s visit to China. As sources inform, a few hours after signing the agreement, the supply of crude oil to the pipeline […]
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Riyadh : The indications given by the Russian President, Vladimir Putin in the last month concerning collaborations with Saudi Arabia are beginning to materialise. On Sunday, Russia and Saudi Arabia signed a coherent mutual agreement for oil market collaborations. While there has been unanimity between both countries regarding the stability of the oil market, Saudi […]
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