Oslo: Russia is benefitting from the skyrocketing fuel prices in Europe and Asian countries. Rystad Energy, a Europe based thinktank, claimed that the Russian revenue from fuels would cross $180 billion for this year given this. As per the thinktank, the Russian fuel revenues have grown by a whopping 45% as compared to 2021 and […]
Read More »
Dubai: – Suhail Mohammed Faraj Al Mazroui, Fuel Minister of United Arab Emirates (UAE), asserted that Russia producing 10 million barrels of crude oil per day, is a crucial member of the OPEC Plus and no other country can replace it. Al Mazroui also claimed a need for Russian fuels on the international level and […]
Read More »
Riyadh/Beijing: – Saudi Arabian company ACES has signed an important agreement with China for manufacturing military drones. This agreement indicates the growing military cooperation between Saudi Arabia and China. Discord between the United States and Saudi Arabia in the defence sector has surfaced over the last year. Against this background, this agreement signed by Saudi […]
Read More »
Paris/Moscow/London: – French Finance Minister Bruno Le Maire warned that the flare-up in the oil rates following the Russian attack on Ukraine and its consequences are similar to the Oil Shock of 1973. The French Finance Minister warned that the global economy could slow down given the situation created in the oil market. The current […]
Read More »
Washington: – Saudi Arabia and the United Arab Emirates (UAE) are displeased with President Biden’s policies regarding the Middle East. The supreme leaders in both these Arab countries are not answering calls from President Biden. The US daily ‘The Washington Times’ reported that while President Biden wishes to discuss the Russia-Ukraine war, the Saudi and […]
Read More »
Dubai: – In 2014, the Arab allies’ coalition had started a military conflict against the Houthi rebels in Yemen. At that time, the United States had refused to participate in the war, saying that this was not their war. However, the Russia-Ukraine war has flared up over the last few days. Hence, the fuel rates […]
Read More »
Beijing: Chinese Foreign Minister Wang Yi held talks with Ukrainian Foreign Minister Dmytro Kuleba on Wednesday. The Chinese Foreign Minister expressed vital concern that innocent civilian lives were lost in the conflict continuing for the last few days. Western analysts have claimed that the Russian economy will get affected severely following the harsh sanctions imposed […]
Read More »
Beijing – Chinese State Councillor of National Defence Gen. Wei Fenghe said that both China and Saudi Arabia are strong allies and possess mutual trust. In the last few years, while both nations have been augmenting political ties and in various domains, it is vital to strengthen practical cooperation between the two militaries as well. […]
Read More »
Riyadh/Warsaw: – While the fuel prices are increasing on the international level, Saudi has initiated steps to expand its market. Saudi signed three fuel agreements with Poland, one of the leading European countries. Sources indicated that these agreements can increase fuel supply to Poland and central and eastern European countries. Russia is known as the […]
Read More »
Washington/Dubai: – US President Joe Biden has decided to open the Strategic Petroleum Reserves to bring down the fuel prices in the country. Along with the United States, China, Japan, Great Britain, South Korea and India will also open up some of their reserves. Fuel prices in the international market have been steadily rising for […]
Read More »
