New Delhi: The Union Government has permitted Abu Dhabi National Oil Company (ADNOC) to export the crude oil stored in the Mangaluru Strategic Oil Reserves. The government has made the policy flexible for the purpose. Although the first right on the oil will be of India in an emergency, ADNOC will be allowed to export […]
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Islamabad: – Saudi Arabia has asserted that henceforth, Pakistan will neither get any loans nor fuel. Pakistan Foreign Minister Shah Mahmood Qureshi had threatened Saudi Arabia over not convening a meeting of the OIC over the Kashmir issue. Looking at the reactions of Saudi Arabia, it is clear that the relations between the two countries […]
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Washington: William Schaffner, a senior medical researcher from the United States, warned that the Second wave of Coronavirus has begun. The warning issued by Schaffner becomes significant because of the number of Coronavirus cases rising once again in leading countries like China and the United States. Indications are that the second wave of Coronavirus will […]
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New Delhi: There is a massive decline in the prices of crude oil internationally. Hence, India sought the opportunity and filled up the oil refineries at the fullest. Now, India is looking forward to storing crude oil in the US, informed the Petroleum Minister, Dharmendra Pradhan. He told about this proposal to the media, which […]
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Tehran/Washington: US President Donald Trump has issued direct orders to the US navy to destroy all the Iranian patrol vessels in the Persian Gulf, if they cause any nuisance to the US warships, sailing in the Persian Gulf. Infuriated by this warning, Iran has threatened to sink the US warships. Meanwhile, the crude oil rates […]
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New York: Oil rates in the international market have plummeted to $27 per barrel. The oil-producing countries have taken a major hit, as the rates have gone to the lowest level since 2003. Coronavirus has brought the global economy to a standstill and there is no possibility of the oil demand increasing in the near […]
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New Delhi: The crude oil rates are crashing in the international markets. The crude oil rates have plummeted by nearly 40% in the last week, resulting in a slide of USD 30 per barrel. As per experts, the sliding oil prices in the international markets become an opportunity for a country like India, who imports […]
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Riyadh/Moscow: – There has been a strong reaction from OPEC after Russia refused to cut oil production and instead announced to increase it. Main members of OPEC, Saudi Arabia and the United Arab Emirates (UAE) announced an increase in oil production. Saudi will be producing 13 million barrels of oil and UAE has announced a […]
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London/New York: It is evident on the international level that the intensity of the Coronavirus epidemic, which has locked down China, the second largest economy of the world, is increasing by the day. While there is a steady rise in the number of deaths and people infected, the negative impact is apparent in the global […]
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Riyadh: Bahrain Fuel Minister, Sheikh Mohammed Bin Khalifa Al Khalifa claimed ‘Indications are that the production of Shale Oil in the United States is about to cross 14 million barrels per day. Therefore, it is being predicted that there will be abundant oil available in the global markets. But now it is time for these […]
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