Tag: Oil prices

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Oil ticks up on lingering worries about supply disruptions

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents,...

Oil prices jump as Middle East turmoil roils markets

Oil prices surged more than 3% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider...

Oil on track for sharpest weekly decline since March

Oil prices were on track for their steepest weekly decline since March despite rising on Friday, driven by concerns that higher-for-longer interest rates will...

OPEC+ panel unlikely to tweak policy as Saudi keeps oil cuts – sources

OPEC+ is unlikely to tweak its current oil output policy when a panel meets on Wednesday, OPEC+ sources told Reuters, as Saudi Arabia and...

Oil steadies on strong US dollar, mixed supply cues

Oil prices stabilised on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, a darkening global macroeconomic...

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IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts

The global oil market will see a slight surplus...

AfDB hybrid capital note could launch before end-November

 The African Development Bank (AfDB) could launch its debut...

Scholz pledges greater investment in Africa’s green energy sector

Germany will invest 4 billion euros in green energy...

World Bank sees $12 billion support to Kenya over next 3 years

The World Bank said on Monday that it foresaw...

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