Riyadh/London: The oil shipments are being affected by the Houthi conflict in Saudi Arabia and Yemen. The Houthi rebels attacked a Saudi Arabian oil tanker passing through the Bab Al Mandab Strait. Cautioned by this attack, Saudi has stopped the oil shipments to Europe passing through this marine sector. This has had its effect on […]
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Riyadh 24th June (News agency) – Saudi Arabia’s Petroleum Minister Khalid Al Falih has announced that the fuel war between Saudi Arabia and USA is over. Falih added that in future, Saudi Arabia will focus on balancing the crude demand and supply. Simultaneously he claimed that in this war, Saudi Arabia had emerged the winner. […]
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Washington : ‘Mohammed bin Salman’ the crown prince of Saudi Arabia, met the US President Barack Obama during his recent visit to the United States of America. During the meeting Obama and the Saudi prince discussed a wide range of issues, including Washington-Riyadh bilateral relations as well as developments in the Gulf. On the backdrop of […]
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Doha: Saudi Arabian Oil Minister Prince Abdulaziz bin Salman has warned that the decision to be made at next month’s OPEC Plus meeting could be painful for short sellers in the market. Earlier, he also reminded that the decision OPEC Plus took in April was also a shock to the speculators in the market. Due […]
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Moscow/ Paris – Despite the Western sanction on oil due to the Ukraine war, Russia has managed to keep up with its oil exports. New report by the International Energy Agency (IEA) indicates that Russian exports have been about 8.1 million barrels per day in March, the highest in the last three years, earning a […]
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London/Washington/Moscow – After the Russia-Ukraine conflict began, the United States took the initiative to impose sanctions on the economy, including sanctions on Russian oil. Claims were made by leading officials and analysts, including the US President, to prevent the Ukraine conflict by smashing the Russian economy. However, it has not made much difference even after […]
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Washington/ Moscow: Last week, Russia announced that it would cut its fuel production in response to sanctions imposed by the West. Russian Deputy Prime Minister Alexander Novak informed that Russia may reduce its crude oil production by 500,000 barrels per day from March. Due to this decision of Russia, the price of fuel oil may […]
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London: Due to the Russia-Ukraine conflict, the people in the United States and Europe have faced a big crisis of fuel price hikes. Western countries have taken action against sanctions, holding Russia fully responsible for this. However, the major fuel companies in the United States and Europe have benefited the most from the increased fuel […]
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Tokyo/Moscow: It has surfaced that an increase in trade between Russia and Japan has occurred, given the sanctions imposed by the G7, a group of advanced countries in the world, and other western countries. In the first 11 months of 2022, trade between the two countries has reached a whopping $18 billion. It was revealed […]
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Moscow: This is the road towards the destruction of world energy. There may come a time when the underinvested industry will no longer provide the market with the required volume of products. And then prices can skyrocket. And they will hurt those who are trying to implement these tools, warned Russian President Vladimir Putin. While […]
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