The US imposes sanctions against Chinese government company buying crude oil from Iran

The US imposes sanctions against Chinese government company buying crude oil from Iran

Washington/Hong Kong: The United imposed sanctions against the Chinese government company for continuing to buy oil from Iran, violating the harsh sanctions imposed against Iran. US Secretary of State, Mike Pompeo, said that sanctions had targeted the Zhuhai Zhenrong Limited and its Chief Executive Officer (CEO) Youmin Li. China has criticised the new US sanctions […]

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UAE oil tanker goes missing from the radar, involvement of Iranian Revolutionary Guards suspected

UAE oil tanker goes missing from the radar, involvement of Iranian Revolutionary Guards suspected

Washington/Dubai: An oil tanker from the United Arab Emirates (UAE) has gone missing from the Persian Gulf, since the last four days. As per the UAE sources, the tanker went missing from the radar, while it was passing through the Strait of Hormuz. The United States has said that it suspects that the ships of […]

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Russia and Saudi Arabia agree on reducing crude oil production: President Vladimir Putin

Russia and Saudi Arabia agree on reducing crude oil production: President Vladimir Putin

Moscow: Analysts have indicated a change in equations, in the fuel market, because of the trade war, the supply exceeding the demand situation and tension over the Iran issue. Against this background, Russia and Saudi Arabia have once again concurred on the issue of reducing crude oil production. Both the countries have been willing to […]

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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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