Oil drilling rigs Oil prices rose further on Friday after Russian statements suggested that OPEC+ could reverse the output increase decision if there are market imbalances. Brent crude futures for May delivery leapt by 1.3%, 90 cents, to $70.36 per barrel. Similarly, US crude futures for April delivery rose 1%, 68 cents, to $67.04 per […]
Brent crude settles higher, records weekly loss of over 3% Read More »
Oil drilling rigs Oil prices fell on Friday, heading for their first monthly loss since November amid President Donald Trump’s escalating tariff threats against trade partners. Brent crude futures for May delivery dropped 0.57%, or $0.42, to $73.15 a barrel, at 8:54 am Makkah time. Brent crude futures for April delivery lost 0.65%, or $0.48,
Oil prices drop, poised for first monthly loss since November Read More »
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Oil prices settle higher after Trump moves to end Venezuela crude deal Read More »
By Alex Kimani – Feb 26, 2025, 11:00 AM CST Trafigura Head of Trading: U.S. foreign policy vis-a-vis Iran is the main upside risk for oil. Last year, Trump pledged in his Republican National Convention speech to dramatically lower Iranian oil exports. On Tuesday, the Trump administration imposed further sanctions on more than 30 people
Trafigura: Iran Sanctions Are Biggest Bullish Catalyst On Oil Prices Read More »
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Chinese EVs Make Inroads in Nigeria as Gasoline Prices Rise Read More »
A slide in US Treasury yields dented the dollar on Wednesday, and oil prices also struggled as worries over the outlook for the world’s largest economy grew, while Asia shares rose ahead of AI darling Nvidia’s earnings later in the day… https://www.dailymaverick.co.za/article/2025-02-26-yields-slumps-with-dollar-as-us-growth-worries-weigh-asia-shares-edge-up/
MARKETS WRAP: Yields slumps with dollar as US growth worries weigh, Asia shares edge up Read More »
THERE will be another minimal price hike on fuel Tuesday, February 25, 2025. In their respective advisories, Pilipinas Shell, Cleanfuel, PetroGazz and Seaoil said there will be a P0.70 per liter price increase on gasoline, P0.40 per liter on diesel and P0.20 per liter on kerosene. The price adjustment will take effect at 6 a.m.,
Another oil price hike set February 25 Read More »
February 24, 2025 | 10:31am Motorists queue at a gasoline station in Quezon City on July 7, 2024. STAR / Miguel De Guzman MANILA, Philippines — Motorists should brace for a fuel price hike for the second consecutive week, starting Tuesday, February 25. Oil firms will increase gasoline prices by P0.70 per liter, diesel by
Feb. 25: Gasoline, diesel, kerosene up for 2nd straight week Read More »
Gbenga Komolafe, Chief Executive Officer of NUPRC Govt Won’t Interfere with Crude Oil Prices, NUPRC Reiterates Your browser does not support the video tag. The Federal Government has reaffirmed its stance against price-fixing for crude oil, emphasizing its commitment to adhering to international best practices. Instead, the government will allow market forces to dictate prices,
Govt Won’t Interfere with Crude Oil Prices, NUPRC Reiterates Read More »
March WTI crude oil (CLH25) Thursday closed up +0.32 (+0.44%), and March RBOB gasoline (RBH25) closed unchanged. Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday’s weaker dollar was supportive of energy prices. Crude also has carryover support from this week’s drone attack on a Russian pumping station that could
Crude Oil Posts a 1-Week High on Supply Uncertainty Read More »
