Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday, according to the latest monthly […]
Petrol prices set to decrease by R1.14 from Wednesday Read More »
By Irina Slav – Sep 26, 2024, 3:00 AM CDT Calls for a ceasefire in the Middle East conflict are raising expectations of lower oil prices. Saudi Arabia may be willing to raise production and lower its oil price target, adding to market bearishness. The resumption of oil exports from Libya is putting further downward
Oil Prices Dip on Talks of a Middle East Ceasefire Read More »
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,
Global economic growth stabilizes at 3.2 pct in 2024, 2025: OECD Read More »
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
Volatile Oil Prices Force Iraq to Explore Alternative Revenue Streams Read More »
It may result in a rebound in Eurobond issuance and more capital flows to emerging markets, as well as stoke gold, platinum group metals and oil prices… https://www.dailymaverick.co.za/article/2024-09-15-interest-rate-cut-in-us-will-change-worlds-economic-landscape/
FEDERAL RESERVE: Expected US interest rate cut will change global economic landscape Read More »
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Nigerian State Energy Firm Starts Shipping Gasoline From Dangote Read More »
Crude prices recovered on Friday, breaking the four-week losing streak in oil, with WTI rising to $70 per barrel. Friday, September 13, 2024 Hurricane Francine helped oil prices edge higher after bearish sentiment overtook the market, taking off some 700,000 b/d of oil supply from the market, even if for several days. A large amount
Oil Prices Lifted by Ongoing Supply Disruptions Read More »
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
At least 15 dead, 40 injured in Haiti gasoline tanker explosion Read More »
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
Oil marketers deny boycotting Dangote refinery Read More »
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
Oil prices rise, Brent crude above $72/barrel Read More »
