Tiny Spanish port emerges new hub for Russian oil trade
Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of that month...
Tag : oil
Oil prices rise amid halt in US Fed rate hikes, China reopening
Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in November, the highest level since February...
Moody’s predicts another budget surplus year for Oman
Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according to Moody’s...
OPEC oil production surges despite intended cuts
by Prajwal Wele
Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better...
Crude oil ends 2022 with second straight annual gain
The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy...
Saudi’s low inflation rate a lesson for G20 countries
The newest prediction from the IMF predicts that Saudi Arabia's GDP will rise 7.6% this year after accelerating by 3.2% last year...
Drop in Nigeria’s crude oil production causes major concern
The fall in crude oil production threatens the already precarious finances of the most populous country in Africa...
Can the global economy survive without fossil fuels?
Global temperatures could rise by more than 3°C and the world economy could shrink by 18% in the next 30 years...
Oil prices rise as negotiations between US and Iran are due to resume
The price increased for a third on Tuesday after holding around a one-week high...
Qatar’s GDP to grow by 3.2% in 2021: IIF
Experts predict the GDP of the country to show a modest growth of 3.2% which will be supported by the strengthening of oil and gas prices...