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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London: Two months ago, Iran mounted dreadful rocket and drone attacks on Saudi Arabian oil projects under instructions from Iranian supremo Ayatollah Khamenei. However, Saudi oil projects were not the first on the Iranian hitlist. At first, Iran considered targeting the US military bases in Saudi Arabia. Officials connected with the Iran government and military […]
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Washington: – The Iranian military movements have not stopped even after the dreadful attacks on Saudi oil projects. A senior US navy official warned that instead, the Iranian military movements have become even more aggressive. Jim Malloy, Vice Admiral in the US navy, claimed that looking at these aggressive movements, it is visible that Iran […]
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Moscow: The largest Russian oil company ‘Rosneft’ has decided to permanently outcast US dollar from its transactions. In an independent release, Rosneft clarified that henceforth, the oil rates will be announced only in Euro, instead of US dollars. All the customer companies have been issued instructions regarding this and the company has already started transacting […]
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Washington: Senator Graham Lindsey demanded that if the consistent provocation from Iran has to be stopped, it has to be taught a lesson and for that, and the United States should, therefore, carry out attacks on the Iranian oil facilities. The United States had accused Iran of being responsible for Saturday’s drone attacks in Saudi […]
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Washington: Millions of barrels of oil supplied by Iran has been stored in oil depots by China. A leading US news agency claimed that China is bypassing the US sanctions by refusing to channelize this oil in the domestic market. As per the news agency, the Chinese plan to bring that oil in the market […]
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Washington/Dubai: An oil tanker from the United Arab Emirates (UAE) has gone missing from the Persian Gulf, since the last four days. As per the UAE sources, the tanker went missing from the radar, while it was passing through the Strait of Hormuz. The United States has said that it suspects that the ships of […]
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Tokyo: Repercussions of the saboteur attacks on the Saudi tankers have been felt in the international crude oil market as well. On Monday, the oil market opened with a rise of 2% in the crude oil rates. The US media stated that the spike was attributed to the uncertainty created over future oil exports owing […]
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Tel Aviv: The United States has announced that it will take Iranian oil exports to nil, by imposing harsh sanctions. In this scenario, Saudi Arabia has declared to bridge the gap created in the oil supply of the countries, who were buying oil from Iran. An Israeli news channel claimed that infuriated by this, Iran […]
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Tehran: While the United States has been preparing to corner Iran through sanctions, Iran has issued a stern warning to the other signatory countries in the Iran nuclear deal. “If the decisions to bail out the Iranian banking and oil sector are not taken within the next 60 days, Iran will violate some of the […]
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