Global shift to electricity may lower energy costs – IEA
The world is entering an era of cheaper energy as a surge in electricity use reduces reliance on fossil fuels,…
Browsing Tag
Oil
Russia cuts oil revenue dependence in 2025 budget
Russia is reducing its reliance on oil and gas revenues to fund its federal budget, Finance Minister Anton Siluanov…
Oil down on Monday
Oil prices dropped on Monday following their sharpest weekly increase in over a year, as concerns about oversupply…
Oil down on Wednesday
Oil declined after a two-day rise as traders evaluated signs of increased US crude stockpiles, Middle East…
Asian shares surge, dollar strengthens amid inflation concerns
Asian shares surged Thursday, following a tech-led rally on Wall Street. The dollar strengthened as US core…
Oil down on Monday
Oil prices fell as OPEC+ appeared set to increase output from October, despite growing economic concerns in China.
UAE Fujairah Port oil product stocks drop, Russian fuel oil imports surge
UAE's Port of Fujairah saw oil product stockpiles remain largely stable for the week ending August 26, with total…
Oil steady on Wednesday
Oil prices steadied after a 2 per cent drop on Tuesday, with Brent below $80 per barrel and West Texas Intermediate…
Oil up on Thursday
Oil prices rose slightly after a two-day drop, driven by unrest in the Middle East and an unexpected rise in US…
Oil steady in early Monday trade
Oil prices remained steady after their first weekly gain since early July, with the market anticipating Iran’s…