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Business Brief 31-07-2020

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Posted by col3neg on 1 Aug 2020 (9:36 AM). Hosted on the Internet.

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Business Brief 31-07-2020
Business Brief 31-07-2020

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Ada Derana News

The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco s CEO #8288;said on Sunday, as shipping disruptions choke traffic through the Strait of Hormuz. MORE..

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Israeli Prime Minister Benjamin Netanyahu hopes to wean Israel off U.S. military support within a decade as his country pushes to strengthen ties with Gulf states, he said in an interview that aired on Sunday. MORE..

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Indian Prime Minister Narendra Modi on Sunday said that the need of the hour is to use petro products with restraint in the wake of the West Asia crisis. MORE..

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The final rites of former SriLankan Airlines Chief Executive Officer Kapila Chandrasena were conducted this evening (10) at the Borella General Cemetery. MORE..

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Iran has sent its response to the latest US proposal for ending the conflict that began at the end of February, according to state media. MORE..

10 May 2026 (7:34 PM)

Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight. MORE..

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Resource : Ada Derana