Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]
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Washington/Moscow: ‘I don’t think anyone likes it. We don’t know how far it will go. Today, it’s Russia. But tomorrow, that can change, and it could be a global price cap. That would be extremely serious,’ warned Oman’s Minister of Fuel, Salim Al-Aufi. Oman is a leading country in OPEC, an organisation of fuel-producing countries, […]
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Washington/Moscow/Vienna: Western countries have approved a proposal to keep the price of crude oil exported from Russia at 60 dollars per barrel. G7, European Union and Australia announced this on Friday. US Treasury Secretary Janet Yellen responded that this decision would cut off the flow of funds to Russian President Vladimir Putin’s conflict in Ukraine. […]
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Washington: OPEC Plus countries have decided to cut crude oil production by 2 million barrels per day to stop the crashing fuel prices in the international market. This is likely to push fuel prices to $110 per barrel. The United States has reacted strongly to this decision taken on the initiative of Saudi Arabia and […]
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Washington/ Vienna: A meeting of OPEC, the leading organization of fuel-producing countries, and OPEC Plus, which includes other producing countries, was held on Wednesday. Given the signs of global recession and other factors, a decision may have been taken to cut fuel production in this meeting. However, the United States has started strong efforts to […]
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Washington: In the wake of rising fuel prices and rising inflation triggered by the Russia-Ukraine conflict, US President Joe Biden has decided to open the ‘Strategic Petroleum Reserves’. It has been revealed that these reserves, created to meet the United States’ fuel needs during an emergency, are rapidly depleting. The US Department of Energy reported […]
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Washington/Moscow: The G7 members have concurred over the proposal to cap the tariffs on fuel exports from Russia. A statement has been released that a decision was taken in this regard during the meeting held on Friday. It revealed that tariffs were going to be capped to prevent Russia from funding its ongoing military operation […]
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New Delhi: The central government is making special efforts to ensure that international transactions happen in Indian Rupee (INR). Union Finance Minister Nirmala Sitharaman has said that Reserve Bank has taken necessary steps in this regard. Moreover, Sitharaman gave this information in a written reply to a question asked in the Lok Sabha. Last month, […]
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Washington: ‘India is an important strategic partner of the United States. The United States attaches special importance to the relations with India and will continue to do so. But the United States intends to exert maximum pressure on Russia. Every country has to decide whether to support these efforts or not,’ the Pentagon, the US […]
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Moscow: Russian President Vladimir Putin warned that no matter how many sanctions the West imposes and creates alternatives, these countries will not be able to refuse Russian fuel for many years. Putin also pointed out that the sanctions imposed on Russia have led to a decline in fuel supplies worldwide, prices are skyrocketing, and profits […]
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