Though hurricanes can interrupt oil production from the Gulf of Mexico and nearby refineries, the supply threat does not always result in higher prices for the most widely traded Texas crude oil.

Domestic gasoline and diesel prices are to drop NT$0.2 and NT$0.3 per liter respectively this week after international crude ...

Since UAE deregulated petrol prices in 2015 and aligned them with global rates, the rates are revised at the end of every ...

Oil prices fell sharply on Wednesday after reports said that delegates from Libya’s east and west factions had agreed over the process of appointing a new central bank governor- a move that is ...

The global oil market is facing increasing pressure as fears of oversupply loom large . OPEC - the alliance of the Organization of the Petroleum Exporting Countries and its allies mdash;appears ready ...

Stock markets in the Gulf put in a mixed performance on Sunday as geopolitical tensions in the region escalated, with the ...

Nigeria’s gross external reserves balance increased to about $37.869 billion amidst sustained foreign currency inflows into ...

Amid this apparent divergence in the internal and external markets, the estimated polyester polymerization rate in October has been revised upward beyond expectations. According to the latest ...

The United States’ ability to influence events in the Mideast has waned, and other major nations have essentially been ...

Over almost a year of war in the Middle East, major powers have proved incapable of stopping or even significantly ...

On September 5, 2023, Kuwait, alongside seven other member countries, agreed to extend an additional voluntary production cut ...

On 5 September 2024, Kuwait and seven other OPEC+ countries agreed to extend their additional voluntary production cuts of ...