Oil extended losses after Saudi Arabia slashed crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand ...
Futures rose 0.9% in New York, building on a run of three weekly gains. Iran’s foreign ministry said Monday there was “very little time left” for world powers to resolve ...
Analysts had predicted an inventory build of just 127,000 barrels, and for the short price run due to favourable COVID-19 vaccine news over the last week or so, it likely means ...
London — Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after oil cartel Opec producers and allies promised to meet supply cuts ...
The WTI, also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. For the first time in history, the cost of ...
Oil prices reversed gains and turned positive on Monday after Saudi Arabia’s energy minister said the kingdom aims to provide additional voluntary cuts in an effort to support global markets. ...
The price of both 93 and 95 octane petrol will drop by R1.74/l on Wednesday, the central energy fund said late on Friday. “The average international product prices for petrol, ...
Melbourne — Oil prices slumped on Tuesday, extending the previous session’s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly ...
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