Oil News
-
Oil prices drop on surging US inflation and China lockdowns
Oil prices dropped on Friday after the US posted data showing inflation hit a new 40-year high last month and...
-
Oil settles higher on improved demand even as recession fears loom
Oil prices rose on Friday on expectations of higher demand as China, the world’s largest importer of oil, began easing...
-
Russia's Rosneft seeks pre-payment in roubles for oil products
Russia's top oil company Rosneft (ROSN.MM) offered oil products from its refineries for loading during May-June in a tender requiring...
-
Oil slides nearly 5% on concerns over weaker global growth and higher interest rates
Oil slipped on Friday, posting a weekly loss of nearly 5 per cent, on the prospect of weaker global growth,...
-
Canadian exports of crude oil, other energy products grow more than 50 percent
Canadian exports of energy products, mostly crude oil and bitumen, have posted an annual increase of 56.4 percent. The country...
-
IEA to release new emergency oil stock to curb market turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the...
-
Oil prices soar to highest since 2008 as US considers banning Russian crude
Oil prices soared above $130 a barrel in early trading on Monday, their highest since 2008, after the US said...
-
Why India's economy will be hit hard by the latest surge in oil prices
India is bracing for the economic fallout of Russia's military attacks in Ukraine, which pushed already bullish crude prices above...
-
Oil prices drop on easing of Ukraine crisis but outlook remains bullish
Oil prices eased slightly early on Wednesday amid a de-escalation of geopolitical tension in eastern Europe but analysts said the...
-
Oil heads for seventh weekly gain amid tight supply and dwindling stocks
Oil prices are set for a seventh consecutive weekly gain, extending their advance on Friday amid dwindling stocks, geopolitical tension...
-
Dana Gas payments from Egypt and Kurdistan jump 107% in 2021 on higher oil prices
Dana Gas, one of the largest private natural gas companies in the region, said payments from operations in Egypt and...
-
Oil prices jump as Opec+ agrees to continue output increase in February
Opec and its allies will stay the course and bring 400,000 barrels per day of crude to the market in...
-
New hi-tech photo brings Rembrandt's 'Night Watch' up close
Rembrandt van Rijn’s iconic and huge painting “The Night Watch” is now also a supersized museum photo delivered right to...
-
Oil edges towards $80 per barrel on easing Omicron concerns
Oil prices on Wednesday edged towards $80 per barrel as concerns about the Omicron coronavirus variant hitting demand eased.Brent, the...
-
Oil gains as improving market outlook outweighs Omicron surge
Oil climbed as investors weighed a surge in Omicron cases against signs that the new strain is not as severe...
-
Mexico’s Pemex secures $500m in new funding to help it take over Texas refinery
Barclays, SMBC and Banorte are providing a $500 million bridge loan to Petroleos Mexicanos to help finance its takeover of...