Tehran: – While the conflict in Ukraine escalates, Russian President Vladimir Putin arrived in Tehran on Tuesday. President Putin will discuss fuel and economic cooperation with Iranian President Ebrahim Raisi. Last week, US President Joe Biden visited the Gulf countries to strengthen the alliance against Russia and Iran. Therefore, the immediate visit of President Putin […]
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Paris: French President Emmanuel Macron has warned that the people of France should start saving electricity now. Otherwise, they will face a big crisis in winter. Macron also alleged that Russia is using fuel exports as a weapon of war and may cut off fuel supplies completely. Besides, the French President assured that the French […]
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Moscow/Berlin: Russia announced the closure of the ‘Nord Stream 1’ fuel pipeline supplying natural gas to European countries. Russia informed that the pipeline would remain closed for repairs and maintenance for 10 days from Monday. Last month itself, Russia reduced the gas supplied to Europe through this pipeline by 60%. At the same time, it […]
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Paris: A crisis bigger than the 1970 ‘Oil Crisis’ has been created, riding on the sanctions imposed against Russia. International Energy Agency (IEA) Chief Fatih Birol warned that the United States and European countries might have to resort to fuel rationing in the coming times. There was a shortage of only crude oil in 1970. […]
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Tehran: The United States and European countries have imposed tough economic and trade sanctions on Russia since the Ukraine conflict. This has made it difficult for other countries to trade with Russia. In such a scenario, India had offered Russia to trade in barter. Russia is considering this. Iran is also planning a barter trade […]
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Brussels/Moscow: – Attempts by the European Union to impose restrictions on crude oil imports from Russia have failed once again. After nearly ten days of negotiations, the Union was forced to withdraw due to strong opposition from some member states to a ban on Russian oil imports. ‘We cannot say when sanctions on Russian oil […]
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Oslo: Russia is benefitting from the skyrocketing fuel prices in Europe and Asian countries. Rystad Energy, a Europe based thinktank, claimed that the Russian revenue from fuels would cross $180 billion for this year given this. As per the thinktank, the Russian fuel revenues have grown by a whopping 45% as compared to 2021 and […]
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Paris: – Fatih Birol, the Chief of the International Energy Agency (IEA), issued a serious warning that taking into account the lead position of Russia in the international energy sector, sanctions imposed against this country could trigger a global energy crisis. Many leading countries, including the European countries, are dependent on Russian fuels. The oil-producing […]
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Tehran: – The fuel prices have flared up in the international markets given the Russia-Ukraine war and the western countries are appealing to augment fuel production. In this scenario, Iran objected to the agreement signed between Saudi and Kuwait to develop the fuel gas fields in the Persian Gulf. Iran termed the deal as illegal, […]
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New Delhi: – The United States had warned that the Indian fuel purchase from Russia does not fall under the purview of the US sanctions. But the Indian purchase of fuel from Russia, the aggressor on Ukraine, at a concessional rate will be noted in history.’ The warning does not seem to have had any […]
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