2023-10-20 12:31:43 RIndia to increase crude oil imports from China Two-fifths of the total imports are oil from Russia. India also imported the largest amount of oil from Russia during the April-September period. After the Russia-Ukraine war, Western countries reduced their oil imports from Russia. With this, India started buying oil at relatively low prices. … Read more
2023-10-04 20:03:58 A committee affiliated with the oil-exporting OPEC Plus alliance recommended on Wednesday maintaining the current plan to reduce production, which was reinforced by Saudi Arabia and Russia reducing their oil production, with the aim of supporting black gold prices. Announcement Members of the Joint Ministerial Follow-up Committee affirmed their “commitment” to the plan, … Read more
2023-09-07 01:34:59 (CNN) — Goldman Sachs has warned clients that there is a “risk” that if Russia and Saudi Arabia leave oil supply cuts unchanged, oil prices will rise into triple-digit territory by next year. The surprising announcement by Russia and Saudi Arabia raised Brent crude above $91 a barrel for the first time in … Read more
2023-09-04 19:20:37 Global crude oil supplies are expected to improve over the coming weeks Oil prices rose today, Monday, amid expectations that the OPEC + alliance will maintain the restrictions it imposed on supplies, in addition to growing hopes that the Federal Reserve (the US central bank) will stop the cycle of raising interest rates. … Read more
2023-08-27 10:20:39 India’s petroleum products (POL) exports rose 8 per cent m-o-m and 15 per cent on an annual basis in July 2023 aided by higher outbound shipments of diesel during the months, the highest so far in FY24. According to the Petroleum Planning and Analysis Cell (PPAC), India’s POL exports stood at 5.4 million … Read more
2023-08-17 12:17:29 Gold prices touched their lowest levels in five months, today, Thursday, with the dollar and US Treasury bond yields gaining momentum, and this comes at a time when European stocks fell under pressure from the decline in the shares of “BAI Systems” after it agreed to buy the aviation unit of the company. … Read more
2023-08-04 18:16:46 ALGIERS – The Minister of Energy and Mines, Mohamed Arkab, took part, on Friday, in the work of the 49th meeting of the OPEC and Non-OPEC Ministerial Monitoring Committee (JMMC)devoted to the assessment of compliance with the oil production limitation agreement by the signatory countries, for the months of May and June 2023, … Read more
2023-07-21 09:50:00 China vs. USA Both the US and China have great economic power – and are fighting for supremacy. (Photo: Stephan Schmitz for Handelsblatt) According to many experts, China is economically more unstable than it appears. At the same time, the USA is achieving astounding success with its reindustrialization strategy. In contrast to China, … Read more