The recent rise in oil prices has raised the prospect of $100 per barrel but Nigeria, the largest producer of the commodity in Africa, may not reap a windfall, according to BusinessDay findings. Brent crude, the global benchmark against which Nigeria’s crude oil is priced, rose to $91 per barrel on Tuesday, taking its gains […]
Nigeria risks missing out as $100 oil beckons Read More »
Oil drilling rigs Oil prices rose today, April 9, as Middle East ceasefire hopes waned and Mexico announced a plan to cut oil exports to global markets. Brent crude futures rose 0.31%, or $0.28, to $90.66 a barrel, at 1002 GMT. Similarly, futures prices for US West Texas Intermediate (WTI) crude gained 0.28%, or $0.24,
Oil turns higher as Mexico plans to slash exports Read More »
The House Foreign Affairs Committee’s top Democrat is holding fire on the Biden administration’s planned sale of F-15 fighter jets and munitions until he receives “assurances” about how the weapons would be used. Rep. Gregory Meeks (D-N.Y.) told CNN on Tuesday that he is returning to Washington to receive a classified briefing on the weapons
Top Democrat says he needs more answers before approving F-15 sale to Israel Read More »
The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. – Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on…. The increasing oil demand for
3 Oil Stocks to Watch for Returns in April Read More »
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. Author of the article: Bloomberg News Bloomberg News Published Apr 08, 2024 • Last updated 7 hours ago • 2 minute read
Russia’s Revenue Jumps in First Quarter Amid Rising Oil Prices Read More »
Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move. | Photo Credit: R. Ragu The rupee appreciated 8 paise to 83.23 against the U.S. dollar in
Rupee rises 8 paise to 83.23 against US dollar in early trade Read More »
Updated April 8, 2024 1:43 am ET 0107 GMT – Brent oil prices may rise to $95/bbl-$105/bbl near term, from around $90/bbl currently, given likely higher demand and supply shortages, BIMB Securities analyst Azim Faris Ab Rahim says in a note. He says the International Energy Agency has revised its oil demand growth upward due
Brent Oil Prices May Rise to $95/bbl-$105/bbl in Near Term Read More »
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Get ready for $5-a-gallon gasoline Read More »
By Julianne Geiger – Apr 05, 2024, 12:12 PM CDT The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 1. U.S. drillers saw a total loss of rigs this year of 2. The
U.S. Drilling Activity Slips Further As Oil Prices Rise Read More »
By ZeroHedge – Apr 05, 2024, 10:00 AM CDT The national average gas price has hit $3.57 per gallon, up from $3.10 at the start of the year. The current average price is 20 cents higher than one month ago and 7.2 cents higher than at this time last year. Analysts warn that prices could
U.S. Drivers Feeling the Pinch at the Pump as Gas Prices Soar Read More »
