Tag: Oil prices

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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...

Oil ends week lower as demand concerns face Russia supply ban

Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia's fuel export ban against...

Oil falls more than $1 ahead of Fed rate decision

Oil prices fell by more than $1 on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates...

Oil hits 2023 highs on tight supply outlook

Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook...

Oil prices extend multi-month highs on supply concerns

Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year. Saudi Arabia and...

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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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