Optimism over China’s resurgence drives up oil prices by about 1%
On hopes that the removal of China's harsh COVID-19 regulations will result in a revival in fuel consumption in the ...
Read more
Thursday, November 21, 2024
Tag: Oil
U.S. House passes legislation prohibiting the export of reserve oil to China
Despite facing an uncertain future in the Senate, a bill to prohibit the release of oil from the U.S. Strategic ...
Read more
Optimistic demand and U.S. inflation figures drove up oil prices by more than 1%
On Thursday, oil prices increased by around $1 per barrel, helped by data showing that U.S. consumer prices unexpectedly declined ...
Read more
Following Indonesia’s prohibition on palm oil exports, the price of cooking oil is expected to soar
If the prohibition on the export of palm oil from Indonesia is not lifted, the price of cooking oil and ...
Read more
More than 100 people are killed in an explosion at a Nigerian illegal oil refinery
Due to unemployment and poverty in the oil-producing Niger Delta, illegal crude refining has become a lucrative but dangerous enterprise.An ...
Read more
The price of oil is rising as OPEC forecasts consistent demand growth
Brent, the worldwide benchmark for crude oil, increased modestly in price on Thursday, as the Organization of Petroleum Exporting Countries ...
Read more
Oil prices rise following the IEA’s supply shortfall warning
17th of March - Oil prices rose on Thursday after the International Energy Agency (IEA) predicted that markets could lose ...
Read more
Nigeria’s crude oil production falls as it fails to meet its OPEC quota for the second time
In terms of crude oil production, according to the most recent OPEC data, Nigeria missed its oil production target again ...
Read more