India looks to resume buying oil from Iran if US lifts sanctions

India looks to resume buying oil from Iran if US lifts sanctions

New Delhi: Senior Indian officials have said that India will start importing oil from Iran once the United States withdraws sanctions imposed against Iran. Indirect talks are being held between the United States and Iran over the controversial Iranian nuclear program. During the negotiations, US state department spokesman, Ned Price, had said that the United […]

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China deploys army near Myanmar border to safeguard oil pipeline

China deploys army near Myanmar border to safeguard oil pipeline

Naypyidaw/Beijing: – China has deployed its military near the Myanmar border to secure the China-Myanmar fuel pipeline. ‘The Irrawaddy’, a website from Myanmar, reported this. The website also claimed that this deployment could be to issue a warning to Myanmar. There is a massive resentment in the people of Myanmar against China over the issue […]

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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 […]

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