Tag: Oil

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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...

Barclays sees $15-25/bbl downside to its oil view if slowdown worsens

Barclays said on Tuesday it remained "constructive" on oil prices, but cautioned that a worsening in global manufacturing activity could pose a downside risk...

Russia says it may cut oil output up to 7% over price cap

Russia may cut oil output by 5%-7% in early 2023, as it responds to price caps on its crude and refined products, and halt...

Oil rises 2% on Russian supply worries; U.S. storm impact in focus

Oil prices rose by more than 2% on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a...

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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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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