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 »

Venezuela’s economic crisis & Iran’s Nuclear Program, lead to surge in crude oil prices to $75 per barrel

Venezuela’s economic crisis & Iran’s Nuclear Program, lead to surge in crude oil prices to $75 per barrel

London/Washington/Tehran: The crude oil prices have once again surged against the backdrop of US President, Donald Trump’s deadline to withdraw from the Iran Nuclear Deal and the Venezuelan economic crisis. On Monday, the crude oil prices in the global markets rose to $75 making it the first time since Nov 2014 to hit its highest […]

Read More »

Saudi plan to take crude oil to $100 after attaining a high rise in the fuel prices within three and a half years.

Saudi plan to take crude oil to $100 after attaining a high rise in the fuel prices within three and a half years.

Riyadh/Moscow: The crude oil prices jumped by about 2% and surpassed the mark of $74 per Barrel. This was the highest rise in the last three and a half years. The reason attributed to this rise is the tension in the Gulf and regression in the United States oil reserves. In this scenario of escalating […]

Read More »

US instructs OPEC to increase fuel production to curb oil prices; OPEC indicates denial

US instructs OPEC to increase fuel production to curb oil prices; OPEC indicates denial

Washington/Riyadh: – As fuel prices in the United States continue to rise, the Biden administration has instructed the OPEC group of fuel-producing countries to increase production. However, in its monthly report, OPEC has indicated that it will reject the US demand for increased production. At the same time, the International Energy Agency (IEA) has warned […]

Read More »

International Energy Agency rules out spike in oil prices

International Energy Agency rules out spike in oil prices

Paris: – Since the last few days, US financial institutes are predicting and forecasting a flareup in the international oil prices. The International Energy Agency (IEA) claimed that these statements regarding oil price flareup are misleading. In the last five months, oil prices have increased by 80%. Moreover, the US financial institutions and analysts had […]

Read More »

Stock markets and oil prices slide due to fear of second wave of Coronavirus  

Stock markets and oil prices slide due to fear of second wave of Coronavirus  

Washington: William Schaffner, a senior medical researcher from the United States, warned that the Second wave of Coronavirus has begun. The warning issued by Schaffner becomes significant because of the number of Coronavirus cases rising once again in leading countries like China and the United States. Indications are that the second wave of Coronavirus will […]

Read More »

India exploits the fall in crude oil price, all the storages in the country filled up to the brim  

India exploits the fall in crude oil price, all the storages in the country filled up to the brim  

New Delhi: – India has fully exploited the fall in the oil prices in the international market. The Indian oil companies have filled up their storages completely. Dharmendra Pradhan, Minister of Petroleum, has informed that the oil has been stored in the storage tanks, pipelines and even in oil tankers. Pradhan said that the quantity […]

Read More »
1 2 3 7