Tag: COVID

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China 2022 crude oil imports fall for second year despite Q4 pickup

China's crude oil imports fell for the second year in a row in 2022 despite a burst of purchases in the fourth quarter, as...

China reopening hopes lift risk sentiment ahead of Fed minutes

The euro steadied on Wednesday and riskier currencies bounced, lifted by optimism that China's eventual emergence from COVID restrictions helps growth, while investor focus...

Oil falls again as worries grow over global economy, China COVID cases

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the...

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year...

Oil edges up on US pipeline restart uncertainty, Russian supplies

Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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