Tag: Oil

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Aramco Q2 profit drops 38% to $30.1 billion, boosts dividend

Saudi Arabian state oil giant Aramco (2222.SE) reported a near 38% drop in second-quarter net profit on Monday amid weaker oil prices and thinner refining and...

Shell’s profits tumble 56% to $5 bln as energy prices cool

Shell (SHEL.L) on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the...

Oil prices ease ahead of Fed, ECB rate hikes

Oil prices eased on Monday as traders awaited more rate hike cues from U.S. and European central banks, with tightening supply and hopes for...

Oil steadies as market digests supply and demand outlook

Oil prices were little changed on Thursday as the market digested tighter crude supply alongside fears of global economic slowdown. Brent crude futures edged up...

Oil slips on further US rate hike concerns

Oil slipped on Monday as concerns about a global economic slowdown and possible further interest rate hikes from the US Federal Reserve weighed on...

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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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