S. Arabia’s IPI rises in August
Saudi Arabia's Industrial Production Index (IPI) increased by 1.0 per cent in August 2024 compared to the same…
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oil production
Oil prices climb on Tuesday amid Hurricane concerns
Oil prices continued their upward trajectory on Tuesday due to concerns about US production disruptions caused by…
Oil prices rise on US rate cut expectations
Oil prices rose in Asian trade on Monday, driven by expectations of a US interest rate cut this week.
Oil up on Monday
Oil prices rose from their lowest level since 2021 after oversold conditions and weather concerns pushed them…
World Bank: Chad’s economy resilient amid refugee influx
The Sudanese crisis, which began in April 2023, has significantly increased the refugee population in Chad, now…
IEA: Oil markets to stay well-supplied until ’30
Oil markets will supplied until 2030, though maintaining a strong focus on energy security remains crucial amid…
Nigeria to maintain fixed petrol prices in ’24 budget
Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Dangote refinery seeks US crude boost
Nigeria’s recently established Dangote mega refinery, situated near Lagos, is aiming to procure millions of barrels…
Commodity prices to decline by 3% in ’24 – World Bank
The World Bank projects a 3 per cent decline in commodity prices for 2024 and an additional 4 per cent drop in…
S. Arabia’s industrial production falls by 10.5% in Dec. ’23
Saudi Arabia’s Industrial Production Index (IPI) decreased by 10.5 per cent in December 2023, due to the decline in…
