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Oil Inches Higher on Softer U.S. Dollar After Biden Drops Out Read More »
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Oil prices drop in third straight session as China data feed worries over demand Read More »
On July 14, 2024, 7:10 AM Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market but often-resurfacing concerns about global oil demand have dampened bullish sentiment. After spiking to above $100 a barrel
OPEC+ Cuts and Demand Woes Keep Oil Prices in Narrow Trading Range Read More »
A fuel shortage at Mali’s main international airport led to flight cancellations and disruption on Wednesday, according to several air transport stakeholders. The West African country’s civil aviation agency has asked the regional air traffic control body ASECNA to notify airspace users of the “unavailability of Jet A1 fuel” at the capital Bamako’s Modibo-Keita International
Flights disrupted, cancelled in Mali over fuel shortage Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 04, 2024, 11:30 AM CDT Industry sources told Reuters on Thursday that Nigeria owes gasoline suppliers over $6 billion in outstanding debt, prompting traders to back out of deals with the state-run oil firm amid criticism that wasteful and corrupt
Gasoline Traders Back Out of Nigeria Amid $6B in Unpaid Debt Read More »
DUBAI, United Arab Emirates (AP) — As Iran’s runoff presidential election nears, comments by an official in the campaign of reformist Masoud Pezeshkian raised the possibility of his government increasing government-set gasoline prices — a move that has sparked nationwide protests in the past. While still tentative, economists long have warned Iran needs to overhaul
Aliko Dangote, Africa’s wealthiest billionaire, is making waves in the energy sector with his latest venture, the Dangote Oil Refinery. This massive facility is revolutionizing gasoil exports in West Africa, putting the region on the map as a key player in the global market. But how exactly is this refinery changing the game? Let’s and
How Aliko Dangote’s New Refinery is Transforming the Gasoil Export Market in West Africa Read More »
Oil drilling rigs Oil prices rose on Friday, heading for gains for the third consecutive week thanks to increasing expectations that the US Federal Reserve is nearing the end of its current monetary tightening cycle. The prices of Brent crude futures for September delivery, the most actively traded, increased by 0.54% to $85.72 at 08:34
Oil rises, heads for gains for third straight week Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 25, 2024, 3:49 PM CDT Crude oil inventories in the United States rose this week by 914,000 barrels for the week ending June 21, according to
Crude, Gasoline Build Weigh on Oil Prices Read More »
Dangote Industries Limited (DIL), has accused international oil companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals through crude oil price mnipulations and sabotage. Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL) made the accusation while addressing a group of Energy
Again, Dangote accuses IOCs of crude oil price manipulation, sabotage Read More »
