Browsing: oil

Oil prices dropped on Monday, continuing their downward trend for the third consecutive month. This decline comes as the market…

Benchmark Brent has been trading below $70 as OPEC cuts its demand growth forecastOn Tuesday, oil prices dropped sharply after…

Finam analyst Nikolay Dudchenko noted that yesterday’s OPEC+ decision demonstrates the cartel’s readiness to continue controlling the situation on the oil market

Oil industry players involved in Uganda’s extraction project in the Albertine Basin have been rattled after a damning new report on the environmental conservation of the area

Libya’s two legislative bodies agreed on Tuesday to appoint jointly a central bank governor, potentially defusing a battle for control of the…

ight members of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Thursday to extend their voluntary supply cuts until the end of November, postponing a planned output increase amid falling crude prices.

Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key US employment data as they weighed a big withdrawal from the country’s crude inventories and a delay to production hikes by OPEC+ producers.

More than half of Libya’s oil production, or about 700,000 barrels per day, was offline on Thursday and exports were…

Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains

Egypt has uncovered a significant new oil deposit in the Western Desert, which officials believe could substantially boost the country’s energy production