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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Moscow – Russia and Iran, both targeted by the US and European allies, have found an alternative to trade oil. Russia has supplied 30 thousand tons of refined fuel by rail to Iran. The fuel trade between Russia and Iran will increase in the coming years. Last year, Deputy Prime Minister of Russia Alexander Novak […]
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Tokyo/ Moscow – Group of 7 developed countries, known as the G7, has supported and aided Ukraine in ongoing Russia- Ukraine conflict. They imposed heavy sanctions on Russia and its oil exports to weaken the Russian economy. One of the decisions was to impose a price cap on oil purchase. However, Japan, one of the […]
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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 […]
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Washington – Huge oil and gas reserves have been discovered in the North African countries of Libya and Tunisia, plagued by political instability and chaos. The US Geological Survey-USGS announced that there are at least four million barrels of fuel oil and 385 billion cubic feet of natural gas reserves in the coastal areas of […]
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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 […]
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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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Washington: The sanctions imposed by the West on Russia and the reduction in fuel production by the OPEC Plus countries will push fuel prices back above $100 by the end of next year, warned Goldman Sachs, the leading US financial institution. The financial institution claimed that the rising demand for fuel in China would also […]
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Beijing: The US Army, years-long stationed in Syria for military operations, has been looting the country’s oil. Reacting to the news published in the Syrian media, China’s Foreign Ministry accused Syria of being on the brink of the biggest humanitarian crisis. The Syrian mouthpiece had published that the US sent 53 fuel-filled tankers from Syria’s […]
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Berlin: Germany’s security agencies foiled a plot to carry out a major terrorist attack in Germany using the toxic chemicals cyanide and ricin. German agencies informed that two Iranians were detained in this case. The German authorities took this action based on the information provided by the US intelligence department. Security forces detained two brothers […]
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