A decline in investment in the fuel sector is the root cause of the global energy crisis – Claimed chief of the world’s leading fuel company Aramco

A decline in investment in the fuel sector is the root cause of the global energy crisis – Claimed chief of the world’s leading fuel company Aramco

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 […]

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The US cannot meet Europe’s fuel needs – claims a British Daily

The US cannot meet Europe’s fuel needs – claims a British Daily

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 […]

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Indian External Affairs Minister and his Iranian counterpart hold talks

Indian External Affairs Minister and his Iranian counterpart hold talks

New Delhi: The ongoing nuclear deal talks between the United States and Iran are in the final stages. All the more, after Iran tabled its proposal regarding the deal before the United States and Western nations, Iran’s foreign minister Hossein Amir-Abdollahian held a telephonic discussion with Indian External Affairs Minister S. Jaishankar. As per the […]

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G7 members agree upon implementing Price Cap on Russian fuel – Russia issues severe warning against it

G7 members agree upon implementing Price Cap on Russian fuel – Russia issues severe warning against it

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 […]

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Use of INR in global trade is being encouraged – Union Finance Minister Nirmala Sitharaman

Use of INR in global trade is being encouraged – Union Finance Minister Nirmala Sitharaman

New Delhi: The central government is making special efforts to ensure that international transactions happen in Indian Rupee (INR). Union Finance Minister Nirmala Sitharaman has said that Reserve Bank has taken necessary steps in this regard. Moreover, Sitharaman gave this information in a written reply to a question asked in the Lok Sabha. Last month, […]

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PM Modi holds talks with Russian President

PM Modi holds talks with Russian President

New Delhi: Prime Minister Narendra Modi and Russian President Vladimir Putin had a phone conversation. The issue of Ukraine’s conflict was the priority of the discussion on Friday. The Prime Minister’s Office said that the role of India was presented by Prime Minister Modi, saying dialogue and diplomacy would only solve Ukraine’s problems. The Prime […]

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United States imposes harsh sanctions against companies from China and UAE

United States imposes harsh sanctions against companies from China and UAE

Washington: The United States has imposed new harsh sanctions against companies linked to the Iranian petrochemical sector. The US Treasury Department took this action against companies in China and the United Arab Emirates (UAE). This is the third instance in the last ten days of the United States imposing sanctions against individuals and companies linked […]

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Western nations cannot refuse Russian fuel: President Vladimir Putin

Western nations cannot refuse Russian fuel: President Vladimir Putin

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 […]

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