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Could've been worse, says Saudi minister as PM cites high oil price


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vivek bansal
all big consumer nations need to unite
by vivek bansal on Oct 21, 2018 04:42 PM

Which will help them to raise the voice against this
antihuman policy of getting huge and unjustified profit on crude oil selling.These nations can be
China,India,South Korea & Japan,sooner the better.

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Sandeep Singh
Oil pricing
by Sandeep Singh on Oct 17, 2018 10:53 AM

Consumers of a commodity cannot warn owners of that commodity unless there are alternative suppliers. It is consumers who are always desperate and not owners and will remain so until they learn to control their consumption!!

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Sandeep Singh
Oil pricing
by Sandeep Singh on Oct 17, 2018 10:52 AM

Consumers of a commodity cannot warn owners of that commodity unless there are alternative suppliers. It is consumers who are always desperate and not owners and will remain so until they learn to control their consumption!!

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piri
Donxkey in a China shop !
by piri on Oct 16, 2018 06:28 PM  | Hide replies

After bumbling and tripping around for 4 years, komaaaali Modi is now looking around in confusionat the economy, wondering how and when it was ravaged so badly !

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Sachin
Re: Donxkey in a China shop !
by Sachin on Oct 16, 2018 07:47 PM
....
how dare you call bad words to our greatest PM.

Cant you see that international prices of crude have gone up due to american policies.

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v vv
OIL Price
by v vv on Oct 16, 2018 01:52 PM

Why every country is crying when the price of oil goes up. Crude was selling at USD.30 per barrel in 1960, reduced to USD.20 PB in 1970. Even granting $1 increase per barrel every year since 1960, the fair price of oil should be USD.85 to 90 per barrel. GCC dumb producers do not know how to increase the prices, and suffering.
On the other hand, look at the price of rice, Are we giving the Basmati Rice to the Gulf Countries at the same rate what we sold in 1960 or 1970. Look at the other commodities prices what we export to GCC. Compare the salaries of our people in the GCC with what they were getting in 1960 and 1970. When everything goes up, poor GCC guys are not able to increase the prices in a systematic manner. Every country should budget for the import of oil, with a price increase of 2 to 3% per year, and they will not have any problem. It is our budgeting problem.
Oil producing countries should keep increasing at an average of 2% per year, and should give concessionals to developing countries, and invest some portion in developing countries as a social responsibility for inclusive global growth.

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sanjeev shrivastava
Modi Ji
by sanjeev shrivastava on Oct 16, 2018 12:47 PM  | Hide replies

Running a country is more complex than making tea but making pakora and jalebi is more complex than handling the economy along with clueless Finance Minister.So please learn how to make pakora and jalebi, it will come handy after 2019.

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Jitendra Trivedi
Re: Modi Ji
by Jitendra Trivedi on Oct 16, 2018 04:58 PM
WHY DON'T YOU TAKE OVER.

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ganesha
Re: Modi Ji
by ganesha on Oct 16, 2018 05:51 PM
Let's see your opinion on church rape cases springing from everywhere around the world..
You seem to know better about Loya case? opinion formed by reading too much anti Modi articles?

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Sandeep Singh
Re: Modi Ji
by Sandeep Singh on Oct 17, 2018 10:47 AM
You will be insane if you believe if any other alternative government will be able to do anything better!!
Earlier UPA too never ever reduced oil price in its 10 years rule!!

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brian crasto
we should learn from china
by brian crasto on Oct 16, 2018 11:10 AM

When oil prices was $35 to $40 China was buying oil and everyone was laughin. We slept over it and now we have woken. We could have even purchased in the forward market and paid the difference.


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sanjay singh
Luck
by sanjay singh on Oct 16, 2018 09:44 AM

Naseeb wala

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Soumitra Goswami
Lucj deserted
by Soumitra Goswami on Oct 16, 2018 09:28 AM

So luck deserted PM. He told first four years only work and last year election but he just did opposite. As forecasted by his followers dollar has also taken northern turn and doubt anybody can reverse it. Hope his luck deserts him in coming election, at least relief from his sons/daughters of cows and sons/daughters of human take control of the land.

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