New Delhi: In February, India bought more than 1.6 million barrels per day of oil from Russia. Earlier, Saudi Arabia and Iraq supplied the most oil to India. However, in February, India bought more oil from Russia than the total fuel imported from Saudi Arabia and Iraq. It has come to light that India’s fuel […]
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New Delhi: The G7 countries, the United States, Canada, United Kingdom, France, Germany, Italy and Japan, have imposed a price cap, meaning a sealing on the selling price of the fuel exported by Russia. According to this, other countries purchasing Russian fuel can purchase it at a rate of only $60 per barrel. But the […]
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Washington/Moscow/Vienna: Western countries have approved a proposal to keep the price of crude oil exported from Russia at 60 dollars per barrel. G7, European Union and Australia announced this on Friday. US Treasury Secretary Janet Yellen responded that this decision would cut off the flow of funds to Russian President Vladimir Putin’s conflict in Ukraine. […]
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New Delhi: India will discuss a free trade agreement with the Gulf Cooperation Council-GCC, comprising six Gulf countries: Saudi Arabia, United Arab Emirates (UAE), Bahrain, Kuwait, Oman and Qatar. The discussion will start next month, and the agreement is believed to be concluded with negotiations by the middle of 2023. After the Coronavirus pandemic, there […]
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Riyadh: Saudi Arabia has said that the decision to cut fuel production has not been taken by a single member country of OPEC Plus. This decision was taken unanimously to remove the instability in the fuel market in consideration of the interests of OPEC Plus member countries. No other country can decide the economic interests […]
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Brussels/ Moscow: The possibility of fresh sanctions on gas supply from Russia has shot the prices of gas by 10 %, taking it above 2000 dollars per 1000 cubic meters. This is the third instance of a 10% hike in natural gas prices in the last four days. A meeting of the European Union to […]
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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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Washington: ‘India is an important strategic partner of the United States. The United States attaches special importance to the relations with India and will continue to do so. But the United States intends to exert maximum pressure on Russia. Every country has to decide whether to support these efforts or not,’ the Pentagon, the US […]
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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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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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