Washington: The experts and analysts in the oil sector have claimed that crude oil rates could rise up to $120 due to the sanctions imposed by the United States on Iran and the trade war in the global economy. The oil supply from Iran has declined since the European and Asian countries have taken steps […]
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Washington: The United States seems to have reaped the benefits of the agreement signed between the main organisation of oil-producing countries, OPEC and Russia for raising oil prices. Russia and OPEC had signed an agreement to reduce oil production with the objective of creating a hike in oil prices. The United States has taken advantage […]
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Washington: President Trump announced new tariffs on Chinese goods saying that the United States is suffering a loss of $500 billion per year in the trade with China and the United States would not tolerate it henceforth. The blow Trump delivered at a time when the US-China trade negotiations are in the final phases had […]
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Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]
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Washington: No country will get concessions in the US sanctions against Iran. The United States had warned all the eight countries including India which were exempt, to stop their trade with Iran or face US sanctions but India did not take any stance in the matter. However, the United States has indicated that there is […]
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Tokyo/London: The record crash in the US stock markets has severely hit the major stock markets in Asia and Europe. The indices in the leading economies of Japan and China in Asia and the index in the United Kingdom, France and Spain have also recorded decline. The analysts have indicated that the decline will continue […]
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Vienna: A decisionfor major reduction in the oil production was taken during a meeting held between OPEC, the association of the oil Producing and exporting countries, along with Russia and the other countries. In spite of the appeal made by US President Donald Trump on Wednesday, the decision was taken by OPEC and Russia in […]
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New Delhi: When the crude oil prices crossed the $70 per barrel mark, financial experts raised an alarm saying that the ‘festive season’ for the Indian economy has now come to an end. After the oil producing countries decided to reduce crude oil production, crude oil prices began rising and reached an all-time high of […]
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Washington/Moscow: Russia has retained its fuel business despite sanctions imposed by the West in the backdrop of the Russia-Ukraine conflict that started last year. In the last week of August, the US website ‘Bloomberg’ provided information that Russia’s crude oil exports have reached up to 3.4 million barrels daily. It is said to be the […]
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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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