Russia has proposed to provide crude oil to Pakistan at cheap prices. Russian Ambassador to Pakistan Albert Khorev said in a press conference on Tuesday that Moscow is ready to supply oil at concessional rates if Islamabad formally approaches. Pakistan should take advantage of the opportunity: Russia Ambassador Khorev said, ‘We can give oil to…
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…
The US and Israel launched a war against Iran on 28 February, targeting Tehran’s military and naval forces, killing several of its top leaders, including the Supreme Leader Ayatollah Ali Khamenei. The conflict prompted Tehran to retaliate, with US military installations and Israel being targeted by drones and missiles, plunging the wider Gulf region into…
As the West Asia conflict strains the global oil supply chain, US Treasury Secretary Scott Bessent said the Trump administration is working with the world’s largest oil producers, consumers, and refiners to maintain stability in the energy markets. “The United States is the biggest and most powerful economy in the world. Under @POTUS’ leadership we…
Russia on Wednesday (February 18) refuted Washington’s claim that India has agreed to stop purchasing Russian crude oil. Russia said it has no reason to believe that New Delhi has changed its stance on energy imports. What did Maria Zakharova say?Russian Foreign Ministry spokeswoman Maria Zakharova said at the weekly briefing that India’s purchase of…
Mumbai: The Indian rupee staged a sharp relief rally on Tuesday after the announcement of the landmark US-India trade agreement. Market participants believe the deal will stabilize the currency near the 90-per-dollar mark in the near term and slow the pace of depreciation in the next financial year. The rupee opened stronger at 90.4263 per…
