Moscow: – Some Baltic countries, along with Germany, Poland and Ukraine, will join forces to form the ‘Fourth Reich’ in Europe. War will break out between France and the ‘Fourth Reich’. Dmitriy Medvedev, the former President of Russia and Vice-Chairman of the National Security Council, has predicted that Europe will be disintegrated and Poland will […]
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New Delhi: Russia surpassed Iraq and Saudi Arabia and became the largest fuel supplier of India for the second consecutive month. An organisation called Vortexa, which records fuel transport, gave this information. In October and November before March 31, 2022, India was buying only 0.2% of its oil demand from Russia, India’s largest oil supplier. […]
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Washington/Moscow/Vienna: Western countries have approved a proposal to keep the price of crude oil exported from Russia at 60 dollars per barrel. G7, European Union and Australia announced this on Friday. US Treasury Secretary Janet Yellen responded that this decision would cut off the flow of funds to Russian President Vladimir Putin’s conflict in Ukraine. […]
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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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Washington/Moscow: The World Bank claimed that the G7 countries alone are incapable of capping the prices of Russian oil and that participation from more countries would be needed. The World Bank report argues that such a mechanism to control oil prices is unprecedented and poses a significant risk. Against the backdrop of the World Bank […]
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London: Inflation in the UK has once again crossed 10% amid political upheaval, Russia- Ukraine war and soaring fuel prices. On Wednesday, the Office for National Statistics of the UK reported that the inflation index was recorded at 10.1% in September. Once again, in just three months, the inflation has exceeded 10 per cent. Earlier […]
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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 […]
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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 […]
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Brussels/ Moscow: The possibility of fresh sanctions on gas supply from Russia has shot the prices of gas by 10 %, taking it above 2000 dollars per 1000 cubic meters. This is the third instance of a 10% hike in natural gas prices in the last four days. A meeting of the European Union to […]
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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 […]
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