OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Currently, people in Kenya pay Ksh0.25 per litre of petrol, diesel, and kerosene as a petroleum regulatory levy, and Ksh0.08 for each unit of electricity as EPRA levy...
The positive trend has proved that despite Brexit and the Italian referendum, consumer confidence remains and demand is pushed up by a recovering economy...
Risk of Iraqi oil disruptions faded and in Libya, two major oil terminals are going to reopen following a year-long blockade. 8th July 2014 Bloomberg Commodity Index falls for second consecutive week Oil droops as Iraq fears fade and Libya is poised for export resumption Outlook to bumper corn and soybean crops in the US...