Washington: The Biden administration has declared an Energy Emergency to tide over the possible electricity shortage in the United States. According to that, instructions have been issued to initiate immediate and necessary steps to the country’s trade, finance, and internal security departments to meet the electricity demand of the US population. There has been a […]
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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. […]
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Manama: A fresh tension has been created between Saudi and Kuwait with Iran over the disputed fuel-rich sector in the Persian Gulf. Saudi and Kuwait clarified that work has started in the Durra gas field, ignoring Iranian opposition. Saudi Fuel Minister Prince Abdulaziz Bin Salman made this announcement. One billion cubic feet of fuel gas […]
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Moscow/Washington: The western leaders had bragged that the harsh sanctions imposed on Russia following the invasion of Ukraine would break the Russian economy, and it would be forced to stop the Ukraine war. But the performance of the Russian economy has delivered a tight slap across the face of these leaders making such claims. There […]
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Moscow/Beijing: The United States and Europe are trying to ban Russian fuel against the background of the Ukraine war. A few days ago, the European Union even moved a proposal to stop crude oil imports from Russia. Europe has expedited moves to increase procurement of fuel gas from the United States, Gulf countries and Africa […]
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Oslo: Russia is benefitting from the skyrocketing fuel prices in Europe and Asian countries. Rystad Energy, a Europe based thinktank, claimed that the Russian revenue from fuels would cross $180 billion for this year given this. As per the thinktank, the Russian fuel revenues have grown by a whopping 45% as compared to 2021 and […]
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Paris/Moscow: As the energy crisis in Europe worsens due to the ongoing Russia-Ukraine conflict, it is reported that France, one of the leading countries, is hit by a 50% reduction in its nuclear power generation. Nearly 56 nuclear plants in France are in shutdown due to security and maintenance reasons, causing a huge energy deficit. […]
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Washington: ‘I cannot reveal what the Indian soldiers did at the Galwan Valley and the government’s decisions. But I can definitely say that a message has gone to China that India will not spare anyone, if India is harmed,’ Indian Defence Minister Rajnath Singh said while addressing Indians in the United States. Besides, he said […]
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Berlin/ Vienna/ Moscow: Russia has warned the nations which sanctioned Russia to pay the fuel price in Ruble currency. Russian President Vladimir Putin has also issued an order in this regard. Consequently, the European nations have taken steps fearing that Russia could cease fuel supply to those who oppose this decision. Hence, Germany and Australia […]
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Dubai: – Suhail Mohammed Faraj Al Mazroui, Fuel Minister of United Arab Emirates (UAE), asserted that Russia producing 10 million barrels of crude oil per day, is a crucial member of the OPEC Plus and no other country can replace it. Al Mazroui also claimed a need for Russian fuels on the international level and […]
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