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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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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Vienna: A decisionfor major reduction in the oil production was taken during a meeting held between OPEC, the association of the oil Producing and exporting countries, along with Russia and the other countries. In spite of the appeal made by US President Donald Trump on Wednesday, the decision was taken by OPEC and Russia in […]
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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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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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Riyadh/Moscow: Saudi Arabia and Russia have rejected the demand by US President Donald Trump to increase the oil production. There are indications of tension rising between the United States and Russia-Saudi over the oil issue. Trump had demanded that the OPEC countries should increase the oil production in view of the increasing fuel prices. But […]
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London/Washington: The oil rates jumped by 2% on Monday to settle at $80 per barrel. This takes the oil rates to its highest level since November 2014. This jump will continue and by the beginning of the year 2019, the oil rates would cross $100 per barrel, warned the companies from the oil sector. Severe […]
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Riyadh/London: The oil shipments are being affected by the Houthi conflict in Saudi Arabia and Yemen. The Houthi rebels attacked a Saudi Arabian oil tanker passing through the Bab Al Mandab Strait. Cautioned by this attack, Saudi has stopped the oil shipments to Europe passing through this marine sector. This has had its effect on […]
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Washington: The experts and analysts in the oil sector have claimed that crude oil rates could rise up to $120 due to the sanctions imposed by the United States on Iran and the trade war in the global economy. The oil supply from Iran has declined since the European and Asian countries have taken steps […]
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Washington/Riyadh: President Trump made a sensational claim that the Saudi Arabian ‘King Salman’ has expressed willingness to increase the crude oil production by 2 million barrels. Although, Saudi has accepted the report about a discussion between the US President and King Salman, it has refused to comment on the matter of any such firm commitment […]
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