Tag: Oil

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Oil falls as economic fears outweigh OPEC+ cuts, US stock draw

Oil prices inched lower on Wednesday, despite greater than expected draws in U.S. crude oil and fuel stocks, as the market weighed worsening economic...

Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes

Oil prices were little changed in choppy trading on Tuesday as investors debated OPEC+ plans to cut more production and weak economic data from...

Oil gains some ground as investors assess banking crisis, Russia

Oil prices rose on Monday as investors assessed efforts by authorities to rein in worries about the global banking system, while Russian President Vladimir...

Oil down after Fed comments, U.S. crude stock build

Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal Reserve Chair Jerome Powell highlighted banking sector...

Oil spills and near misses: more ghost tankers ship sanctioned fuel

An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is...

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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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