Moscow/Riyadh/London – The crude oil price has seen a jump after the leading countries of the oil sector, Russia and Saudi Arabia, announced to cut fuel production. On Tuesday, crude oil price crossed the $90 mark per barrel, the highest since November 2022. Analysts have estimated, on the backdrop of this increase, that crude oil […]
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Vienna – OPEC Plus’ (Organisation of the Petroleum Exporting Countries) decision to maintain the cut in fuel production till the end of 2024 will create an imbalance in the market. This could surge fuel rates at the international level, warned a senior Japanese official. Rystad Energy, a leading consultancy company in the fuel sector, has […]
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Moscow – Central Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman had a phone conversation on Friday to discuss the OPEC Plus decision to cut oil production, informs the Kremlin. Last month, Russia and Saudi Arabia led the meeting in which the OPEC Plus announced a cut in oil production. The Western […]
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Moscow/ Paris – Despite the Western sanction on oil due to the Ukraine war, Russia has managed to keep up with its oil exports. New report by the International Energy Agency (IEA) indicates that Russian exports have been about 8.1 million barrels per day in March, the highest in the last three years, earning a […]
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London: Due to the Russia-Ukraine conflict, the people in the United States and Europe have faced a big crisis of fuel price hikes. Western countries have taken action against sanctions, holding Russia fully responsible for this. However, the major fuel companies in the United States and Europe have benefited the most from the increased fuel […]
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Moscow: While imposing a price cap on Russian crude oil, the Western alliance, along with the European Union, has decided to stop seaborne imports of Russian crude oil. It came to light that Russia has created a ‘shadow fleet’ of more than 100 oil tankers to circumvent these sanctions imposed by the West. Leading UK […]
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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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Moscow: Russian President Vladimir Putin has warned that attempting to cap Russian fuel prices would seriously affect the international fuel market. G7 and the European Union are moving to restrict the prices of crude oil exported from Russia. According to Western sources, a proposal has been made to keep the price of Russian oil at […]
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Washington: The demand for action against Saudi Arabia, which has decided to cut crude oil production without any consideration for the United States, is gaining momentum. Missiles to be supplied to Saudi and the Patriot air defence systems should be diverted to Ukraine. The members of the ‘Foreign Relations Committee’ in the US Senate proposed […]
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Washington: Last week, OPEC plus, a group comprising the world’s leading fuel-producing countries, decided to cut daily crude oil production by two million barrels. This has evoked a strong reaction from the US. The US Treasury Secretary Janet Yellen criticised OPEC’s decision as wrong and inappropriate. Besides, members of Congress from the ruling Democratic Party […]
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