Politics

UAE’s big step amid US-Iran war and Hormuz blockade, out of OPEC, what effect on India?

Buzz line3 hours ago05 mins

Amidst the ongoing conflict between America and Iran, the United Arab Emirates (UAE) has decided to withdraw from OPEC and OPEC+, the organization of oil producing countries. The UAE said that considering the economic outlook and the changing energy scenario, it decided to withdraw from this alliance after 60 years. OPEC is an alliance (cartel)…

Russian Crude Oil Price: Russia’s bumper earnings in Iran-America war, oil being sold at premium price, profit of 150 million dollars every day

Buzz line2 months ago05 mins

Due to the ongoing war in Iran and increasing tension in the Middle East, there is a huge rise in the prices of crude oil. Recently, the price of oil in the global market had reached around $120 per barrel. It is still trading above $100 per barrel. This situation has increased the pressure on…

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UAE’s big step amid US-Iran war and Hormuz blockade, out of OPEC, what effect on India?

Russian Crude Oil Price: Russia’s bumper earnings in Iran-America war, oil being sold at premium price, profit of 150 million dollars every day