Oil prices fall on fears of US rate hike

Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month

May 1, 2023
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‘India-Built Mongolia Refinery By 2025’

New Delhi: Mongolia’s first oil refinery, built and funded with Indian assistance, will be completed by 2025, said the country’s Ambassador Dambajav Ganbold. In an interview, Ganbold said the first stage of Mongol Oil Refinery, built with a $1.2 billion Indian soft loan, will be completed at the end of this year.The development comes with strategic implications as Mongolia is entirely dependent

April 24, 2023
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