Tag: Russia

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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...

Oil edges up on China demand hopes; Russian uncertainty weighs

Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices...

Oil prices climb after Russian crude sanctions kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil...

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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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