News Oil prices drop on Monday Norhan Adel May 1, 2023 0 Oil prices decreased on Monday parallel to OPEC+ supply cuts entering into force, driven by weak Chinese demand,…
News Oil restores position after falling nearly 4% Norhan Adel Apr 27, 2023 0 Oil prices have stabilised on Thursday after falling by four percent on Wednesday amid concerns of a recession.
Industry & Trade Oil prices surge after unforssen production cuts Norhan Adel Apr 3, 2023 0 Several Opec Plus countries have announced on Monday their unforeseen decision to cut their oil production, causing…
Money OPEC: Chinese demand to be 500-600k barrels/day Sama Mousa Mar 8, 2023 0 OPEC Secretary General, Haitham Al-Ghais, said on Tuesday the Chinese demand of oil will increase to 500 and 600…
Industry & Trade Goldman Sachs lowers its forecast for Brent’s price to $90 per barrel Yassmine Elbehnaihy Feb 28, 2023 0 Banking firm, Goldman Sachs, lowered its predictions for brent oil prices in 2023’s second quarter to be $90 per…
Feature India’s Russian oil imports at record high in January Nada Ali Feb 19, 2023 0 India's Russian oil imports jumped to record 1.4 million barrels per day (bpd) in January, up 9.2 percent from…
International News Biden to release 15 million barrels of oil from strategic petroleum reserve ahead of… Nada Ali Oct 19, 2022 0 U.S. President Joe Biden's administration plans to announce later on Wednesday that he will release 15 million…
Money Oil prices stable on prospect of balancing supply after steep selloff Esraa Ibrahim Sep 27, 2022 0 Oil stabled in early Asian trade on Tuesday.
Money Brent crude drops below $85 a barrel as dollar surges Esraa Ibrahim Sep 26, 2022 0 Brent crude dropped below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
Money Oil increases over 3% on supply threats Esraa Ibrahim Sep 11, 2022 0 Oil prices increased over 3 percent on Friday supported by real and threatened cuts to supply.