oil
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Russia will not use dollars to sell oil and gas
Jun 5, 2021Russia will use separate currencies instead of dollars to prevent US monopoly in the world. President Vladimir Putin has said the US government is using the dollar as a tool in economic and political battles against... -
Niko to pay $1 billion to Bangladesh
May 3, 2020The International Centre for Settlement of Investment Disputes (ICSID) has declared that Niko would have to pay $1 billion as compensation to Bangladesh, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said today. “The... -
Oil rebounded as investors bought at bargain levels after prices plunged to four-year lows
Mar 17, 2020Oil rebounded on Tuesday as investors bought at bargain levels after prices plunged to four-year lows as governments worldwide ramped up measures to contain the spread of the deadly coronavirus, reports BSS. Analysts said, however, that... -
Iran must resist U.S. sanctions through oil, non-oil exports
May 4, 2019President Hassan Rouhani said on Saturday Iran must counter U.S. sanctions by continuing to export its oil as well as boosting non-oil exports. Rouhani’s comments, carried live on Iranian TV, came a day after Washington acted... -
Oil rebounded to $73 a barrel on Wednesday
Nov 7, 2018Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019. Russia’s TASS news agency, citing... -
Saudi Arab cuts oil output as OPEC points to 2019 surplus
Aug 13, 2018OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. In a monthly report,... -
Oil storage blast in central Iran kills two, fire contained
Jul 20, 2018An explosion at an Iranian oil storage facility in the central industrial zone of Khomein on Friday killed two people and wounded another, the semi-official Tasnim news agency reported. “An oil purifier unit in the Khomein... -
Oil prices give up earlier gains as rising U.S. supply outweigh signs of demand gains
Feb 27, 2018Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. U.S. West Texas Intermediate... -
Is US becoming World Oil Top Dog in 2018?
Feb 20, 2018The US is poised to become the world’s largest oil producer in 2019, the International Energy Agency said, with a stellar output from shale fields offsetting robust demand growth and supply cuts by other producers. US... -
Oil hits highest in nearly two weeks on Asian equity recovery
Feb 19, 2018Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East....
