Tag: Oil prices

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Oil heads for second weekly decline as demand concerns weigh

Oil gave up early gains on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China...

Oil falls on easing geopolitical tensions, China demand worries

Oil extended declines on Thursday as concerns over geopolitical tensions eased and as rising numbers of COVID-19 cases in China added to demand worries...

Oil prices little changed amid China COVID concerns, supply woes

Oil prices held steady on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world's top crude importer...

OPEC cuts oil demand growth forecast again as economic challenges mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure,...

Oil falls $1 on China COVID surge and firmer dollar

Oil prices fell on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening...

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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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