Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

Sanctions against Iran & trade war could trigger a surge in crude oil prices up to $120, claim analysts

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 […]

Read More »

US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

US will withdraw its security if Saudi does not reduce oil prices, warns President Trump

Washington/Riyadh: President Trump has warned the leading countries in OPEC, the association of the oil producing countries, that if they do not take proper measures to reduce oil prices, the United States will not be responsible for their safety. Only last week, President Trump had made a sensational claim that King Salman of Saudi Arabia […]

Read More »

US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

US intensifies Trade war against OPEC & Russia; US crude oil exports to Europe hits record levels

Washington: The United States seems to have reaped the benefits of the agreement signed between the main organisation of oil-producing countries, OPEC and Russia for raising oil prices. Russia and OPEC had signed an agreement to reduce oil production with the objective of creating a hike in oil prices. The United States has taken advantage […]

Read More »

US-Saudi sign agreements worth $400 billion

US-Saudi sign agreements worth $400 billion

Washington:  Saudi Crown Prince Mohammed Bin Salman who is on a visit to the United States since last week has signed 46 agreements worth $400 billion. These include an agreement for $128 billion related to the Saudi’s defence sector. It is claimed that under this agreement the United States will supply fighter jets, helicopters, missiles […]

Read More »

Electric Car revolution could slump oil prices to 10 dollars, warns a British analyst

Electric Car revolution could slump oil prices to 10 dollars, warns a British analyst

Landon: Chris Watling, a British analyst, warned about the drop oil prices to 10 dollars per barrel in next few years. He said that, “Development in electric cars will cause significant events around the world. As 70 percent of all the crude oil produced is used for transportation. We cannot forget that approximately 120 years ago the world was not […]

Read More »

Russia – Saudi Arabia agree on stabilising oil market

Russia – Saudi Arabia agree on stabilising oil market

Riyadh : The indications given by the Russian President, Vladimir Putin in the last month concerning collaborations with Saudi Arabia are beginning to materialise. On Sunday, Russia and Saudi Arabia signed a coherent mutual agreement for oil market collaborations. While there has been unanimity between both countries regarding the stability of the oil market, Saudi […]

Read More »