Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

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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Reconsider the prediction for abundant oil supply, warns Bahrain fuel minister

Reconsider the prediction for abundant oil supply, warns Bahrain fuel minister

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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Nearly 500 killed during protests in Iraq, angry protestors shut down oil projects in Iraq

Nearly 500 killed during protests in Iraq, angry protestors shut down oil projects in Iraq

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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Drone attacks on Syrian oil projects, government suspects ‘IS’ hand

Drone attacks on Syrian oil projects, government suspects ‘IS’ hand

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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Russia’s gold reserves will protect against oil price fall, claims Finance Minister Anton Siluanov

Russia’s gold reserves will protect against oil price fall, claims Finance Minister Anton Siluanov

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 […]

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The Iran attacks on Saudi oil facilities is ‘an act of war’: US Secretary of State Mike Pompeo

The Iran attacks on Saudi oil facilities is ‘an act of war’: US Secretary of State Mike Pompeo

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.’ […]

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Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

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 […]

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