Doha – The CEOs of renowned international oil companies have claimed that the crude oil rates would increase to the level of more than USD 100 per barrel. The senior officers said that this rise would be because of the reduced flow of investment in the sector. It is claimed that the oil companies have […]
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New Delhi: The worldwide demand for oil has drastically reduced since the Coronavirus went on a rampage around the world. This has pulled the oil rates down. Countries like India, who import 80% of its oil requirement, can benefit in a big way because of this. Media are claiming that the dispute between OPEK countries […]
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Moscow: OPEC member countries and Russia may increase the production of crude oil by the end of this year. This will result in the supply of crude oil exceeding the demand. Russian Energy Minister Alexander Novak claimed that therefore, the rate of crude oil could crash below $30 per barrel. Only 24 hours ago, the […]
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London: The crude oil rates have risen, in light of the raging conflict in Libya and the US sanctions against Iran and Venezuela. The crude prices jumped to $70 per barrel, in the international market, on Monday and the US crude also rose to $63 per barrel. These rates are the highest, in the last […]
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Riyadh: A study group from Saudi had warned ‘Our analysis shows that back in 2011-2012 when Libya experienced supply disruptions, prices for crude could go to sky-rocket. The same can be repeated in the future. If it were not for the decisions made by Russia and Saudi Arabia as part of OPEC+ cooperation, in 2018, […]
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Moscow/Riyadh: Russian President Vladimir Putin and Saudi Arabian Crown Prince Mohammed Bin Salman have reached a consensus about continuing the cooperation in reducing the levels of oil production during their discussions. In line with this, an announcement of reduction in oil production is expected from both the countries. Riding on the news of consensus between […]
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New Delhi – India’s refined fuel export to European countries has increased to 3,60,000 barrels per day. Due to this, India seems to have overtaken Saudi Arabia, which supplies fuel to European countries. Kepler Data, which records fuel transactions, gave this information. At the same time, ‘Kepler Data’ has also said that Russia’s fuel oil […]
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Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]
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Washington: Leading financial institution JP Morgan Chase warned that the United States and European countries had imposed sanctions against the Russian fuel sector since the Ukraine conflict started. The Russian leadership has repeatedly warned of a strong retaliation against the sanctions. In this scenario, if the Russian leadership decides to cut oil exports, the fuel […]
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New Delhi: Since the United States imposed harsh sanctions targeting Russian oil exports, Russia has proposed to supply oil at a concessional rate to India as a trusted ally. As the crude prices are inflated in the international markets, it is reported that India is mulling over accepting the offer. Few sources from Indian Oil […]
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