Bern: The conflict in Ukraine is not the cause of the current global energy crisis. However, the chief of the world’s leading fuel company, Aramco, blamed the fuel sector’s reduced investment and insufficient options and backup plans as the main reasons. The chief of Aramco, Amin Nasser, strongly criticised the decisions of Western countries at […]
Washington/Brussels: There are indications that the fuel crisis has been intensifying more in Europe, which had planned to shake Russia by imposing restrictions on the import of Russian fuel. European leaders and experts had claimed that Russian fuel could be substituted with the support of US, Gulf and African countries. However, the Gulf and African […]
Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
Washington/Moscow: The G7 members have concurred over the proposal to cap the tariffs on fuel exports from Russia. A statement has been released that a decision was taken in this regard during the meeting held on Friday. It revealed that tariffs were going to be capped to prevent Russia from funding its ongoing military operation […]
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 […]
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 […]
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 […]
Moscow: Russian President Vladimir Putin warned that no matter how many sanctions the West imposes and creates alternatives, these countries will not be able to refuse Russian fuel for many years. Putin also pointed out that the sanctions imposed on Russia have led to a decline in fuel supplies worldwide, prices are skyrocketing, and profits […]
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. […]
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 […]
