New Delhi, June 11 (IANS) Global crude oil prices could surge to as high as $150 per barrel if hostilities between the US and Iran resume in earnest, according to a report.According to analysis by Oslo-headquartered energy research and intelligence firm Rystad Energy, which said the latest escalation between the US and Iran has pushed the April ceasefire to its most difficult moment so far, triggering a rise in oil prices and a decline in financial markets, including US equities.According to the…
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New Delhi, Jan 6 (IANS) Any increase in the production of oil from Venezuela by US companies has the potential of lowering crude prices in the international market, benefiting all countries, including India. However, analysts are of the view that there is still too much geopolitical uncertainty in the region for large investments to pour into the Latin American country.Unlike China, India is not a big importer of Venezuelan crude, which is heavy and tar-like, making it costly to refine into petr…