China’s oil demand rebounds to 90% pre-Covid-19 levels
Demand is expected to reach 92% in May...
Tag : oil
Oil price increases above Dh110 a barrel after reduced activity
Last month, Opec expected the sector to shrink 6.85 mn bpd...
Saudi Arabia creates ‘renewable energy strategy’ to free up oil exports
A good energy mix is crucial to the Kingdom’s long-term economic prosperity...
Saudi Aramco shares fall $200 bn amid fears of impending US-Iran war
Under the shadow of a US-Iran clash, Saudi Aramco shares have plunged by 10%...
Kuwait inks 15-year pact with Qatar to import gas from 2022
Kuwait’s dire need of gas to be fulfilled from 2022...
Oil and gas development to boost Kenya’s economic diversity
The ICAEW report highlights how East Africa’s growth is mainly driven by strong performances in Kenya and Ethiopia...
Gas and oil digital investment is expected to soar in the coming months
In the first quarter of this year, prices are expected to sit around $62 per barrel...
Gold to be among the best performers in 2019: Managing Partners Group
In particular, gold is set to see a significant increase in value, possibly as high as 20%, as investors seek safety in the face of continued uncertainly around equities and more interest rate rise...
Kazakhstan has come to understand the necessity for a diverse economy
Kazakhstan—the country, where entrepreneurship was unwelcomed, several years ago, is now reorienting its economy by streaming into cryptocurrency and fintech, as a measure to mitigate sinking oil prices...
Sanctions on Iranian oil industry to cripple economy: Oxford report
Analysts with Oxford Economics predict that the country’s economy will contract by 3.7% in 2019, its worst performance in six years...