The Committee on Trade, Industry, and Cooperatives says it will consult ministry officials and other key stakeholders in the edible oils sub-sector to tackle the rising prices of cooking oil. Aldai Member of Parliament Marianne Kitany, the Committee’s Vice Chairperson, announced the decision during a meeting with a group of edible oil manufacturers in the […]
Government Reveals Strategy to Lower Cooking Oil Prices Read More »
Oil prices are experiencing a sharp decline this week, its first in two weeks. The period is ending with four consecutive sessions of losses and Friday is on course to close in the red as well. On Thursday, crude oil settled at multi-month lows, driven by concerns over prolonged high U.S. interest rates which could
Oil Prices Tumble as Demand Concerns Boost Bearish Sentiment Read More »
Oil drilling rigs Oil prices settled higher on Friday, trimming their losses this week amid anticipation of OPEC+ meeting on June 2. Brent crude for July delivery increased 0.95%, or $0.76, to settle at $82.12 a barrel. Similarly, the most actively traded US West Texas Intermediate (WTI) crude futures for July delivery rose 1.1%, or
Oil rises, records weekly losses of over 2% Read More »
Oil prices were steady on Friday and on track to record a weekly loss amid concerns that the US Federal Reserve will keep interest rates higher for longer to tackle stubborn inflation. Brent, the global benchmark for two thirds of the world’s oil, was trading 0.10 per cent lower at $81.28 a barrel at 11.17am
Oil on track for weekly decline on prospect of higher-for-longer US interest rates Read More »
This photo shows a pump from a gasoline station. Edd Gumban / File MANILA, Philippines — Pump prices of fuel products may see mixed movements next week, with gasoline continuing its downward trend and an uptick in diesel and kerosene prices following a recent rally in global oil prices. Department of Energy (DOE) Oil Industry
Mixed movements in oil prices seen next week Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – May 14, 2024, 7:00 PM CDT Consumers are suing large U.S. oil companies for alleged price collusion in an attempt to boost oil prices.
Consumers Sue U.S. Shale Alleging Collusion to Boost Oil Prices Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 14, 2024, 6:00 PM CDT Citigroup sees tightness in Q2 of this year, but expects Brent crude prices to average $74 in Q3. Citi analysts are cautioning against speculative buying and
Citi Sees Oil Prices Falling to $70 Range in Q3 2024 Read More »
Cooking gas, also known as liquefied petroleum gas (LPG), is a popular and convenient source of energy for many Nigerian households. It is cleaner, faster, and more efficient than other traditional fuels such as firewood, charcoal, or kerosene. However, the price of cooking gas in Nigeria is not fixed and varies depending on several factors
Today Current Price of Refilling Cooking Gas (Per KG) in Nigeria Today – 12 May 2024 Read More »
MANILA, Philippines: Fuel prices are expected to go down again next week due to an increase in US crude inventories, a strong dollar and developments in the Middle East, according to the Department of Energy’s Oil Industry Management Bureau (DoE-OIMB) on Friday. Gasoline, diesel and kerosene prices are expected to roll back by P2, P0.50
Fuel prices to go down again next week Read More »
This photo shows a pump from a gasoline station. Edd Gumban / File MANILA, Philippines — Pump prices for fuel products could decline again next week, as oil prices in the Asian market fell amid favorable global political and economic conditions, according to the Department of Energy (DOE). Rodela Romero, DOE-Oil Industry Management Bureau assistant
Oil prices seen to decline again next week Read More »
