Moscow – Central Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman had a phone conversation on Friday to discuss the OPEC Plus decision to cut oil production, informs the Kremlin. Last month, Russia and Saudi Arabia led the meeting in which the OPEC Plus announced a cut in oil production. The Western […]
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Washington – The Organisation of the Petroleum Exporting Countries (OPEC+) has decided to cut fuel production when international fuel prices are rising. OPEC+ announced this a few days ago. After this, it became clear that the price of fuel would increase further. Union Finance Minister Nirmala Sitharaman has said that in such a situation, India […]
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Moscow/ Paris – Despite the Western sanction on oil due to the Ukraine war, Russia has managed to keep up with its oil exports. New report by the International Energy Agency (IEA) indicates that Russian exports have been about 8.1 million barrels per day in March, the highest in the last three years, earning a […]
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Washington – Huge oil and gas reserves have been discovered in the North African countries of Libya and Tunisia, plagued by political instability and chaos. The US Geological Survey-USGS announced that there are at least four million barrels of fuel oil and 385 billion cubic feet of natural gas reserves in the coastal areas of […]
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Tehran: Saudi Arabia’s King Salman has invited Iran’s President Ibrahim Raisi to visit Saudi Arabia. Iranian media reported that President Raisi accepted the invitation. Due to this, it is claimed that the diplomatic cooperation between the two countries, which was broken in 2016, will start anew and both countries will also open their embassies soon. […]
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Washington: The sanctions imposed by the West on Russia and the reduction in fuel production by the OPEC Plus countries will push fuel prices back above $100 by the end of next year, warned Goldman Sachs, the leading US financial institution. The financial institution claimed that the rising demand for fuel in China would also […]
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Tripoli: CIA Chief William Burns paid a surprise visit to Libya. At this time, Burns discussed with the Prime Minister of Libya, Abdul Hamid Dbeibeh. Besides, Dbeibeh is known as the leader of pro-Turkish and anti-Russian groups in Libya. Thus, Burns’ visit to Libya is important in the context of the ongoing Ukraine conflict. Moreover, […]
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Washington/Moscow: ‘I don’t think anyone likes it. We don’t know how far it will go. Today, it’s Russia. But tomorrow, that can change, and it could be a global price cap. That would be extremely serious,’ warned Oman’s Minister of Fuel, Salim Al-Aufi. Oman is a leading country in OPEC, an organisation of fuel-producing countries, […]
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Brussels/Moscow: The European Union meeting has indicated that the price of crude oil imported from Russia will be kept at $60 per barrel. European sources informed that the resolution in this regard has yet to be fully approved, but Poland has taken a reluctant stance to keep the price at a low level. However, European […]
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Moscow: Russian President Vladimir Putin has warned that attempting to cap Russian fuel prices would seriously affect the international fuel market. G7 and the European Union are moving to restrict the prices of crude oil exported from Russia. According to Western sources, a proposal has been made to keep the price of Russian oil at […]
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