Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]

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Israel will face strong retaliation if it stops Iranian crude movements; warns Defence Minister of Iran

Israel will face strong retaliation if it stops Iranian crude movements; warns Defence Minister of Iran

Tehran: The Iranian Defence Minister Brigadier General, Amir Hatami threatened, ‘If Israel takes action on the Iranian oil movement, it will be termed as theft of oil and this theft will be dealt by Iran with very harsh retaliation.’ Last week, Israeli Prime Minister Benjamin Netanyahu had announced that Iran is involved in oil smuggling […]

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Saudi Arabia discovers large quantities of natural gas reserves in Red Sea

Saudi Arabia discovers large quantities of natural gas reserves in Red Sea

Riyadh: Saudi Aramco, Saudi’s leading oil company has discovered large quantities of natural gas reserves in the Red Sea. The Saudi Press Agency confirmed the announcement of Saudi Arabia’s Oil Minister, Khalid al-Falih had made. Two years ago, Saudi Arabia’s Crown Prince Mohammed bin Salman had announced an ambitious project, the Future Megacity Neom worth […]

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Upheaval in the US stock markets hits the Asian and European markets

Upheaval in the US stock markets hits the Asian and European markets

Tokyo/London: The record crash in the US stock markets has severely hit the major stock markets in Asia and Europe. The indices in the leading economies of Japan and China in Asia and the index in the United Kingdom, France and Spain have also recorded decline. The analysts have indicated that the decline will continue […]

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Crude oil rates will zoom to $300 per barrel if there is opposition to the OPEC-Russia front; claims Saudi study group

Crude oil rates will zoom to $300 per barrel if there is opposition to the OPEC-Russia front; claims Saudi study group

Riyadh: A study group from Saudi had warned ‘Our analysis shows that back in 2011-2012 when Libya experienced supply disruptions, prices for crude could go to sky-rocket. The same can be repeated in the future. If it were not for the decisions made by Russia and Saudi Arabia as part of OPEC+ cooperation, in 2018, […]

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The Saudi Arabian King will not last even for two weeks without US backing; warns President Trump

The Saudi Arabian King will not last even for two weeks without US backing; warns President Trump

Washington: ‘The United States is protecting Saudi Arabia. Saudi Arabia is a rich country and I have respect for King Salman. But the Saudi King should realise that the United States is protecting them. Without the United States, the Saudi King cannot remain in power for more than two weeks. You will have to pay […]

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Crude rates will flare up due to new sanctions by the US against Iran; warns Iranian Deputy Foreign Minister

Crude rates will flare up due to new sanctions by the US against Iran; warns Iranian Deputy Foreign Minister

New York: ‘If the United States imposes fresh sanctions against Iran, it will have a severe effect on the crude oil prices in the international markets. This will also add to the woes of the United States’ allies in the Gulf,’ sternly warned e Iranian Deputy Foreign Minister, Abbas Araghchi. International analysts had already warned […]

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