London: It has been exposed that the United Kingdom has secretly deployed military in Saudi Arabia. The British defence department claimed that this deployment was made for the security of Saudi Arabia’s oil stocks. Prime Minister Boris Johnson is facing a lot of criticism as this deployment was made without the knowledge of the British […]
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Dubai/Jerusalem: – United Arab Emirates (UAE) and Israel signed a historic agreement for the use of Eilat Ashkelon pipeline, connecting the Red Sea to the Mediterranean Sea. As per the agreement, the oil supplied to the European countries will be passing through this pipeline. This is considered to be an important development, after the establishment […]
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New Delhi: The Union Government has permitted Abu Dhabi National Oil Company (ADNOC) to export the crude oil stored in the Mangaluru Strategic Oil Reserves. The government has made the policy flexible for the purpose. Although the first right on the oil will be of India in an emergency, ADNOC will be allowed to export […]
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New Delhi: Union Minister for Petroleum Dharmendra Pradhan held talks with Finland Ambassador to India, Ritva Koukku-Ronde, regarding fuel cooperation. It is reported that discussions were held even with the Australian Ambassador before that. India is consistently holding talks with various countries of the world for its fuel security. Only two days ago, Pradhan informed […]
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New Delhi: India has invited US companies to develop key natural gas facilities. On Thursday, the United States and India held a ‘Strategic Energy Partnership’ discussion via video conference. At the time, Union Petroleum Minister, Dharmendra Pradhan, invited the US companies in the presence of US Ambassador to India, Kenneth Juster. Moreover, the US ambassador […]
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Jerusalem: The Israel government has sanctioned the plan to supply natural gas from Israel and Cyprus to the European countries. This decision was taken in the meeting of the Israeli cabinet of Ministers, held on Sunday. Israeli Energy Minister Yuval Steinitz reacted that this decision is a historic step. In the last few years, Russia […]
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New Delhi: India and the United States signed an agreement to create fuel stocks that could be used in case of an emergency. Minister level meeting of the India-US Strategic partnership was held on Friday. The deal was inked at this time. This is a crucial deal from the Indian fuel security point of view. […]
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New Delhi – The Coronavirus pandemic has led to the nationwide lockdown. It has, in turn, hit the fuel demand. The month of April saw the demand plummet by 70 per cent. Petroleum Minister Dharmendra Pradhan has, however, expressed confidence that the market will soon return to normal as the sales are increasing gradually. After […]
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Washington/Riyadh: – Following the agreement between OPEC and Russia regarding a historic cut in the crude oil production, there are indications of a fuel price rise in the international market. The rates of US crude rose by 2.6% on Monday, and it is claimed that there will be a further improvement in rates shortly. Meanwhile, […]
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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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