Washington: Last week, OPEC plus, a group comprising the world’s leading fuel-producing countries, decided to cut daily crude oil production by two million barrels. This has evoked a strong reaction from the US. The US Treasury Secretary Janet Yellen criticised OPEC’s decision as wrong and inappropriate. Besides, members of Congress from the ruling Democratic Party […]
Read More »
Vienna/Washington: OPEC Plus, a group which includes the world’s leading fuel-producing countries, has decided to decrease crude oil production by two million barrels per day. This decision is considered to be a significant diplomatic victory for Russia. The United States has strongly reacted to this, and the Biden administration has criticised the announcement as protecting […]
Read More »
Washington/ Vienna: A meeting of OPEC, the leading organization of fuel-producing countries, and OPEC Plus, which includes other producing countries, was held on Wednesday. Given the signs of global recession and other factors, a decision may have been taken to cut fuel production in this meeting. However, the United States has started strong efforts to […]
Read More »
Tel Aviv/London: The Israeli army, which has been carrying out airstrikes in Syria until now, entered Syria and took action. The Israeli military has informed that the Israeli soldiers had entered Syria to catch the attackers who threw bombs near the border of Israel. One of the attackers was arrested and brought to Israel in […]
Read More »
Vienna: Crude oil prices have once again gone past $100 per barrel after the Organization of the Petroleum Exporting Countries (OPEC) and other oil-producing countries signalled to cut oil production. This is coupled with looming uncertainty over the Iran nuclear deal. Analysts have warned that if OPEC Plus cuts oil production, the oil prices will […]
Read More »
Moscow: Russia’s ‘Federal Security Service (FSB)’ foiled a possible assassination plot in India. The suicide bomber of the terrorist organization IS was taken into custody by the FSB. The terrorist confessed that he was going to go to India and carry out a suicide attack. The terrorist also revealed that he received his training in […]
Read More »
Bangkok: India’s External Affairs Minister (EAM), Dr S Jaishankar claims that India has convinced the US about its decision to source oil from Russia. The US had registered its displeasure about buying Russian fuel. However, India decided not to be defensive about its choices. While the oil prices are soaring in the international market, India’s […]
Read More »
Washington: Fear of global recession and increasing spread of Coronavirus caused a fall of about 10% in the crude oil rates in two days. The fall has brought the crude oil rates below USD 100 per barrel level. This is the first decline in crude oil rates since the start of the Russia-Ukraine conflict at […]
Read More »
Washington: Leading financial institution JP Morgan Chase warned that the United States and European countries had imposed sanctions against the Russian fuel sector since the Ukraine conflict started. The Russian leadership has repeatedly warned of a strong retaliation against the sanctions. In this scenario, if the Russian leadership decides to cut oil exports, the fuel […]
Read More »
Jerusalem: Lebanon government has been preparing to resolve the dispute regarding the oil deposits in the Mediterranean Sea through negotiations and mediation by the international community. However, Hezbollah’s actions have escalated the issue causing further tensions. Hezbollah sent three drones to the Karish gas field in the Mediterranean Sea. Israel security agencies which were already […]
Read More »
