Washington/London/Tokyo: – The claims about possible recession in the global economy, the energy crisis and rising inflation have triggered unease among investors. The unrest had erupted in global stock markets, causing them to decline for two consecutive days- on Monday and Tuesday. This fall has affected the price of crude oil as well as gold. […]
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Moscow – In defiance of the opposition from the United States and other leading countries, Russia has initiated the process to fill gas in the completed ‘Nord Stream 2’ fuel pipeline. This development becomes significant given the fuel crisis developing in Europe. Last month, the Russian company Gazprom declared that the ‘Nord Stream 2’ pipeline […]
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Beijing: – Analysts claim that a series of shocks to China’s economy will hit the post-Corona recovery of the global economy once again. The Chinese government released the economic data for July. It shows a slowdown in industrial production, retail sales, e-commerce and investment sectors. Asian stock markets have plummeted in the wake of Chinese […]
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Washington/Riyadh: – As fuel prices in the United States continue to rise, the Biden administration has instructed the OPEC group of fuel-producing countries to increase production. However, in its monthly report, OPEC has indicated that it will reject the US demand for increased production. At the same time, the International Energy Agency (IEA) has warned […]
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Ankara / Dubai: Turkish mafia, Sedat Peker, made a sensational accusation that Turkish President Recep Erdogan and the ministers of his government are closely connected to the criminal gangs. Former Turkish minister of interior, Mehmet Agar, is the chief of the country’s ‘Deep State’. Moreover, he is involved in the assassination of opposition leaders, journalists and the […]
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Washington: A major cyberattack was launched on Colonial Pipeline, recognised as the US’ largest gasoline and jet fuel pipeline and operator. The company has closed down the entire pipeline and energy supply following the cyberattack. President Joe Biden has been informed about the incident, and the White House said the Energy Department and the central […]
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New Delhi: Senior Indian officials have said that India will start importing oil from Iran once the United States withdraws sanctions imposed against Iran. Indirect talks are being held between the United States and Iran over the controversial Iranian nuclear program. During the negotiations, US state department spokesman, Ned Price, had said that the United […]
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New Delhi: – India has made preparations to teach a lesson to the countries, increasing oil prices by keeping the production low, despite the rising demand. Accordingly, India has reduced oil purchase from Saudi by 25%. The Indian government has ordered the oil companies not to depend entirely on Saudi for the oil but search […]
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Dubai: The gigantic ship that was sailing to Europe with a thousand containers is stranded in the Suez Canal. Moreover, this MV Ever Given container ship has jammed the maritime ships at large. This has immensely affected the busiest international trade routes. As per the claim, this ship seems to be stranded due to strong […]
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Paris: – Since the last few days, US financial institutes are predicting and forecasting a flareup in the international oil prices. The International Energy Agency (IEA) claimed that these statements regarding oil price flareup are misleading. In the last five months, oil prices have increased by 80%. Moreover, the US financial institutions and analysts had […]
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