Tag: Oil
Oil prices nudged higher on Friday on signs of surging demand in China, the world’s second-biggest oil user. Although prices are set to fall for a second week amid concerns of the ongoing Sino-U.S. trade ...
Oil slipped below $80 a barrel on Thursday as the fourth weekly increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support. U.S. crude inventories rose 6.5 million ...
OPEC have urged its member nations, not to mention oil prices when discussing policy in a break from the past, as the oil-producing group seeks to avoid the risk of U.S. legal action for manipulating ...
Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check. International benchmark Brent crude for December ...
Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporate (NNPC) and Minister of State for Petroleum Resources, Dr Ibe Kachikwu said the huge gas deposit in the country was a veritable tool for economic ...
Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism, despite a rebound in global equities. Not helping the mood, ...
Oil rose to 81 dollars per barrel on Friday, rebounding after two days of declines, though prices pared gains after another closely watched forecaster deemed supply adequate and the outlook for demand weakening. Crude was ...
Oil fell to two-week lows on Thursday as it extended losses from the previous session amid a rout in global stock markets, with prices also hit by an industry report showing U.S. crude inventories rose ...
Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael moved toward Florida causing the shutdown of nearly 40 per cent of U.S. Gulf of ...
Oil and gas producers have shut 19 per cent of oil production and 11 per cent of natural gas production in the U.S. Gulf of Mexico. They are shut ahead of Hurricane Michael, the ...
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