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May 04, 2024
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Oil Price
Crude oil prices surge in world markets to new record since October
Saturday, 11 February 2023 02:05
Crude oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions.
South Africa declares state of disaster over energy crisis
Friday, 10 February 2023 02:02
South African President on Thursday declared a national state of disaster over his country's crippling power shortages, saying they posed an existential threat to the economy and social fabric.
Pakistan government lifts petrol, diesel prices
Sunday, 29 January 2023 23:46
Cash-strapped Pakistan’s government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.
Iran oil sales, steady, growing: Spokesman
Tuesday, 03 January 2023 17:14
Tehran (IP)- The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: "Last month, we saw record exports since the beginning of the new round of sanctions, i.e. since 2018.”
Saudi Aramco issued a dire warning over 'extremely low' capacity
Tuesday, 20 December 2022 08:14
Saudi Aramco — the world’s largest oil producer — issued a dire warning over 'extremely low' capacity.
Oil prices climb after OPEC+ keeps output unchanged
Monday, 05 December 2022 08:50
Oil prices rose as much as 2 percent on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
OPEC+ sticks to 2mbd output cut
Sunday, 04 December 2022 18:25
Tehran (IP) - The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by 2 million barrels per day until the end of 2023.
185th OPEC meeting held online
Sunday, 04 December 2022 10:22
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.
Western allies agree on price cap for Russian oil
Saturday, 03 December 2022 16:58
Tehran (IP)- On December 2nd the G7, European Union and Australia agreed to impose a $60-a-barrel cap on shipments of Russian oil.
Ghana plans to buy oil with gold instead of US dollars
Friday, 25 November 2022 05:54
Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President said on Thursday.
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