OPEC members have agreed on a combined increase in crude oil output of one million barrels per day despite strong opposition from Iran. The actual increase will be smaller as several countries are unable to raise output. This was confirmed by the oil minister Saudi Arabia Khaled al-Faleh after the cartel’s meeting in Vienna on … Read more
The warmth and bonhomie evident at the Prime Minister Narendra Modi’s meeting with Indonesian President Joko Widodo signifies the importance of growth in ties. During first leg of his three nation tour, Prime Minister Narendra Modi held talks with President Widodo and underlined importance of boosting diplomatic, trade and economic ties between the two nations. … Read more
The U.S. official said this at a joint press conference after his visit to Saudi Arabia on Sunday in Riyadh. Pompeo said the nuclear agreement failed to modify Iran’s behavior and stressed that if Iran doesn’t accept to amend the deal, the U.S. would unilaterally withdraw from it. He also reiterated the importance of Saudi … Read more
Both countries agreed to initiate a comprehensive review of bilateral trade treaty by July 2018. The treaty which governs bilateral trade was last revised in 2009. The two sides also discussed amendments to the bilateral Treaty of Transit signed in 1999 to further facilitate transit movement of Nepal’s trade with third countries. Since most of … Read more
