New York: Oil rates in the international market have plummeted to $27 per barrel. The oil-producing countries have taken a major hit, as the rates have gone to the lowest level since 2003. Coronavirus has brought the global economy to a standstill and there is no possibility of the oil demand increasing in the near […]
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New Delhi: The crude oil rates are crashing in the international markets. The crude oil rates have plummeted by nearly 40% in the last week, resulting in a slide of USD 30 per barrel. As per experts, the sliding oil prices in the international markets become an opportunity for a country like India, who imports […]
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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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Vienna: The agreement between OPEC, the main organisation of the oil-producing countries, and Russia, regarding oil production cut, has fallen through. This caused the international oil rates to tumble and they slid to below $47 per barrel level. A leading analyst and advisory company, from the oil sector, warned that if OPEC members do not […]
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London/New York: It is evident on the international level that the intensity of the Coronavirus epidemic, which has locked down China, the second largest economy of the world, is increasing by the day. While there is a steady rise in the number of deaths and people infected, the negative impact is apparent in the global […]
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London/Washington/Beijing: The global economy is being hit because of the outbreak of the Wuhan virus, which is spreading rapidly in China and the other countries. The investor concerns are increasing with the increasing number of patients infected with Wuhan virus in China, and in effect, the US, European and Asian markets have crashed. Following the […]
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Riyadh: Bahrain Fuel Minister, Sheikh Mohammed Bin Khalifa Al Khalifa claimed ‘Indications are that the production of Shale Oil in the United States is about to cross 14 million barrels per day. Therefore, it is being predicted that there will be abundant oil available in the global markets. But now it is time for these […]
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Washington/Tehran: The killing of Qassem Soleimani and the subsequent threats exchanged by the United States and Iran have caused the rates of Crude oil and Gold to skyrocket, in the international markets. Crude oil rates jumped by more than 2% recording a rate of $70 per barrel. The Gold rate reached its highest in seven […]
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Baghdad: The human rights organisation has claimed that 490 people have been killed in the demonstration, which has been going on for the last three months, in Iraq. More than 50 people are missing and about 3,000 people have been detained. The agitation seems to have festered further as the angry protestors have shut down […]
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Damascus: Four drone attacks were launched on oil projects storing Oil and Gas, in the Homs province, in central Syria. The Syrian government said that this was a terror attack and expressed a suspicion that the IS terrorists perpetrated these attacks. It is claimed that the Syrian economy already reeling under the pressures of international […]
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