Tag: Oil prices

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OPEC+ likely to stick to its guns despite price slump, delegates say

OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end of the year,...

Oil rises for second day as banking fears ease for now

Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about...

Oil hits lowest since 2021 on banking fears

Oil prices fell on Monday to their lowest in 15 months on concern that risks in the global banking sector and a potential increase...

Oil rises on demand hopes as banking fears ease

Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support measures stabilised a banking crisis that...

Oil regains some ground after Credit Suisse handed a lifeline

Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

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...

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