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 […]
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 […]
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 […]
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 […]
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 […]
Moscow: Russian Finance Minister Anton Siluanov claimed that Russia could maintain its economic progress on the strength of its gold reserves, despite any slump in the oil prices, on the international level. Russia has a gold reserve of more than 2200 tonnes valued at USD 108 billion. At the same time, Russia has added to […]
New Delhi: India will be investing $ 60 billion in the fuel gas sector by the year 2030. Minister for Petroleum, Shri. Dharmendra Pradhan made this announcement. The Petroleum Minister said that the amount will be invested in the facilities connected with Fuel Gas and other sectors. The Fuel Gas networks currently supplying gas in […]
Washington/Riyadh: US Secretary of State Mike Pompeo said, ‘It makes no difference, even if the Houthi rebels have accepted the responsibility of the attacks on Saudi oil facilities. Iran is the one responsible for the attacks. Such attacks had never been carried out against Saudi previously. Iran has thus declared war by launching the attacks.’ […]
Dreadful attacks started on the oil refinery project of Aramco company at Abqaiq in Saudi, at 3:31 am on Saturday. Within the next eleven minutes, Khruais oil installations came under drone attacks. The Houthi rebels from Yemen accepted the responsibility of the attacks. Even in the past, the Houthi rebels have targeted Saudi military bases, […]
London/New York: Following the drone attacks on the oil refinery projects of Aramco in Saudi, the oil rates in the international market have jumped by 20%. The oil rates have climbed to USD 71 per barrel in the market transactions on Monday. This is said to be the biggest leap in the oil rates, in […]
