Riyadh/Moscow : In the light of the statements issued by Russia and Saudi Arabia, the world’s biggest oil producers , the prices of crude oil have soared. For the very first time after almost three weeks the rates of crude oil have touched $45 per barrel. On Monday, prices of crude oil were noted at $45.13 […]
Read More »
Riyadh : In an attempt to have an upper hand in the Asian oil market, Saudi Arabia gave a big jolt to Russia and Iran by slashing the oil prices. Saudi Arabia’s largest oil company, Saudi Aramco, has slashed the price by $1.60 per barrel in its supply of oil to Asian countries. Sources say […]
Read More »
Washington: US Deputy Secretary of energy, Dan Brouillette claimed that the United States would be dominating the international energy sector. He said that US President Donald Trump has drafted the oil policy with a view that the United States will lead the Oil sector. President Trump’s persistent stand is that the United States has to […]
Read More »
Riyadh/Moscow: The crude oil prices jumped by about 2% and surpassed the mark of $74 per Barrel. This was the highest rise in the last three and a half years. The reason attributed to this rise is the tension in the Gulf and regression in the United States oil reserves. In this scenario of escalating […]
Read More »
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 […]
Read More »
Moscow – Alexander Novak, Deputy Prime Minister of Russia, has claimed that Russia has completely moved away from the dollar and Euro as a currency to trade oil and are focused on regional currencies. He said Russia had traded oil with China in exchange for Yuan and Rubel. The International Energy Agency (IEA) recently declared […]
Read More »
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 […]
Read More »
Dubai/ Washington – Saudi Arabia and OPEC Plus member countries gave a strong blow to the US on Sunday. From May 1, Saudi Arabia and OPEC plus countries announced a reduction in fuel production of 11 lakhs and 50,000 barrels per day. This has resulted in the American fuel market and crude oil prices have […]
Read More »
Washington/ Moscow: Last week, Russia announced that it would cut its fuel production in response to sanctions imposed by the West. Russian Deputy Prime Minister Alexander Novak informed that Russia may reduce its crude oil production by 500,000 barrels per day from March. Due to this decision of Russia, the price of fuel oil may […]
Read More »
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 […]
Read More »
