Global oil prices experienced an uptick on Monday, driven by heightened political uncertainty in key oil-producing nations. The market reacted to the sudden death of Iran’s President Ebrahim Raisi in ...
In a world driven by oil, the price of this essential commodity holds the key to shaping the entire economic landscape. Oil prices are set to rise this year, as ...
Exxon Mobil has posted a better-than-expected $36 billion profit for 2023 on Friday 2nd February, 2024, lifted by fuels trading and higher oil and gas production. Profits from oil majors ...
Energy expert, Dr Yussif Sulemana, has revealed that the hikes in brent crude to $88 per barrel due to the Israeli-Hamas conflict is merely speculative. According to him, the increase ...
Saudi Arabia and other OPEC+ oil producers have announced a surprise cut in oil output of around 1.16 million barrels per day, in a move that has started causing an ...
OPEC country officials predicted that oil may resume its rally in 2023 as Chinese demand recovers after COVID curbs were scrapped and lack of investment limits growth in supply, which ...
Global crude prices have fallen over two per cent on both major benchmarks, as Covid-19 cases rise across major economies such as US, China, France and the UK. According to ...
Brent crude oil prices have risen, for the fifth consecutive day on Monday, nearing US$80 a barrel amid supply constraints as demand gains momentum in UK, Europe and other economies. ...
A strong demand for gasoline in China drove crude oil demand higher and subsequently increased the prices of the commodity in the market, according to a Bloomberg report. According to ...
Crude oil spot prices made a come-back in gains, after a slump in April 2021, rising about 6 percent on average month-on-month basis. This is buoyed by the stronger physical ...
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