Author name: David Ryabchikov

Global economic growth stabilizes at 3.2 pct in 2024, 2025: OECD

Global economic growth stabilizes at 3.2 pct in 2024, 2025: OECD

A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Aug. 21, 2024. (Xinhua/Liu Yanan) The recent steep fall in oil prices, and the easing of global food prices could place further downward pressure on headline inflation in the short-term, according to OECD. PARIS,

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Volatile Oil Prices Force Iraq to Explore Alternative Revenue Streams

Volatile Oil Prices Force Iraq to Explore Alternative Revenue Streams

By Charles Kennedy – Sep 23, 2024, 10:00 AM CDT Iraq’s heavy reliance on oil revenue makes its budget vulnerable to oil price fluctuations. The government is exploring non-oil income sources to increase budget predictability. New oil and gas contracts aim to attract investment and boost the energy sector. OPEC’s second-largest oil producer, Iraq, is

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Nigerian State Energy Firm Starts Shipping Gasoline From Dangote

Nigerian State Energy Firm Starts Shipping Gasoline From Dangote

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At least 15 dead, 40 injured in Haiti gasoline tanker explosion

At least 15 dead, 40 injured in Haiti gasoline tanker explosion

The explosion of a gasoline tanker truck in Haiti on Saturday killed at least 15 people and injured 40 more, the nation’s prime minister confirmed. Photo by sandid/Pixabay Sept. 14 (UPI) — At least 15 people were killed and 40 more seriously burned in an explosion of a gasoline tanker in Haiti, the Caribbean nation’s

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Oil marketers deny boycotting Dangote refinery

Oil marketers deny boycotting Dangote refinery

Petroleum marketers said they have lifted 518,500 metric tonnes of Automotive Gas Oil (diesel) and Jet A1 from the Dangote refinery, representing 60 per cent of national truck-out in five months. This is contrary to comments credited to the Vice President of Dangote Industries Limited, Devakumar Edwin, who said that local petroleum marketers were boycotting

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‎Oil prices rise, Brent crude above $72/barrel

‎Oil prices rise, Brent crude above $72/barrel

Oil drilling rigs Oil prices rose on Friday after Hurricane Francine churned through the Gulf of Mexico, disrupting oil production before making landfall in Louisiana. Brent crude futures for November delivery increased 0.64%, or $0.64, to $72.43 a barrel, at 08:05 am Makkah time. Similarly, US West Texas Intermediate (WTI) crude for October delivery added

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