Author name: Siim

Finance Bill 2024 Proposes 80% Increase in Cooking Oil Prices, Manufacturers Lament

Finance Bill 2024 Proposes 80% Increase in Cooking Oil Prices, Manufacturers Lament

The Edible Oil Manufacturers Association of Kenya has opposed the new proposed tax measures contained in the 2024 Finance Bill, arguing they will have to increase cooking oil prices by 80 percent. The Bill seeks to impose a 25 percent excise duty on vegetable oils, which the association describes as a “potential humanitarian crisis that […]

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WTI edges lower to near $77.50 due to uncertainties surrounding Oil demand

WTI edges lower to near $77.50 due to uncertainties surrounding Oil demand

WTI Oil price extended losses as Fed officials indicated higher interest rates for longer, which could dampen Oil demand. The crude Oil prices received pressure as China’s lower PPI indicated persistent sluggishness in business demand. Iraq’s Oil minister Hayan Abdul Ghani committed to the voluntary Oil production cuts agreed upon by the OPEC. West Texas Intermediate

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MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

The Canadian Press Apple’s biggest announcements from its iPad event: brighter screen, faster chips and the Pencil Pro CUPERTINO, Calif. (AP) — Apple on Tuesday unveiled its next generation of iPad Pros and Airs — models that will boast faster processors, new sizes and a new display system as part of the company’s first update

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Summer Gasoline Prices Seen Holding Steady in Relief for Drivers

Summer Gasoline Prices Seen Holding Steady in Relief for Drivers

American drivers may pay about the same prices at the pump this summer, providing a boon for the Biden administration’s efforts to tame inflation. Author of the article: Bloomberg News Lucia Kassai Published May 07, 2024  •  1 minute read People pump gas in Austin, Texas. Photo by Brandon Bell /Photographer: Brandon Bell/Getty (Bloomberg) —

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MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

CALGARY – The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. “It is great for industry and Canada to have that tremendous asset available,” said MEG’s vice-president of marketing Erik Alson during a conference call with analysts to

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