Tag: Crude Oil

Oil Prices are getting some support from expectations that the OPEC and its allies will maintain lower output levels when ...

Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could ...

Oil prices fell 1% on Tuesday amidst concerns that curb the spread of the coronavirus pandemic and slow vaccine rollouts ...

Oil prices extended losses on Monday, amidst concerns that European lockdowns may slow down the expected recovery on oil demand. ...

Oil prices fell on Friday for the sixth day in a row, down nearly 9% for the week, as a ...

Oil prices declined for a fifth consecutive session on Thursday, falling around 1% after official data showed a further increase ...

Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude ...

Oil prices fell on Tuesday, extending declines for a third day, as concerns about rising stockpiles in the United States ...

Super Petrol prices rose by Kes 7.63 to retail at Kes 122.81 per litre following the latest Energy and Petroleum ...

Oil prices edged up on Monday, with Brent drifting near $70 a barrel, propped up by output cuts from major ...

Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained ...

Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply, although ...

Oil prices fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data ...

Oil prices recorded a rise on Tuesday on expectations of a recovery in the global economy after the U.S. Senate ...

Saudi Arabia’s ministry said a petroleum tank farm at one of the world’s largest oil shipping ports was attacked by ...

Oil prices rose more than 1% on Friday, extending gains from the previous session after OPEC and its allies agreed ...

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing ...

Oil prices were down in early trade on Wednesday, extending several days of losses amid uncertainty over how much supply ...

Oil prices rallied more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although ...

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar, and expectations ...

Oil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months. The ...

Oil prices fell on Wednesday after industry data showed a surprise build in U.S. crude stocks last week as a ...

Goldman Sachs Commodities Research raised its Brent crude oil price forecasts by $10 for the second and third quarters of ...

For the first time since November, U.S. Oil drilling companies cut the number of oil rigs operating due to the ...

Oil prices slid as much as 2% in early trade on Friday, adding to overnight declines, on worries that refineries ...

Oil prices rose as much as a dollar on Thursday, extending this week’s gains and hitting 13-month highs, as a ...

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state ...

The prices for Super Petrol, Diesel, and Kerosene have increased by Kes 8.19 per litre, Kes 5.51 per litre, and ...

Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy ...

Oil prices fell on Thursday, giving up some of the recent strong gains, although losses were curbed by production cuts ...

Oil prices rose again on Wednesday, extending their more than week-long rally after industry data showing a fall in U.S. ...

Oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism ...

Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, ...

Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and ...

Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and ...

Oil prices rose in Asia on Wednesday after hitting their highest in about a year in the previous session, supported ...

Oil prices rose around 1% on Tuesday after major producers showed they were cutting crude output in line with their ...

Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although ...

Oil prices were steady on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs ...

Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on ...

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s ...

Oil prices eased on Tuesday, giving up some of the previous session’s gains, as hopes for rapid approval of new ...

The administration is also committed to ending new oil and gas leasing on federal lands, Biden’s press secretary said, although ...

Saudi Arabia hence became the top supplier to China for a second year in a row, after taking the spotlight ...

“The Relative Strength Indexes (RSI’s) on both contracts were in overbought territory, indicating a correction was on its way,” said ...

“China, the global engine of oil demand growth, is wrestling with fresh COVID outbreaks,” it said.

A hefty COVID-19 relief package, which U.S. President-elect Joe Biden is due to unveil on Thursday, also kept losses in ...

Prices are shrugging off the latest developments in Europe and the United States where death tolls and new infections keep ...

Meanwhile U.S. crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, ...

The drop in fuel costs is expected to ease rising consumer costs which surged last month owing largely to previous ...

Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an ...

The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian ...

However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya ...

According to EPRA, consumers in Nairobi will now pay a maximum of Kes 106.55 for a litre of super petrol, ...

New Covid-19 cases worldwide have rise to more than 34 million, nearly 2 million more than at the end of ...

At least a third of Tullow Kenya workforce across all levels and cadres are expected to leave the company, the ...

The shares of Aramco, which Apple Inc. dethroned last month as the world’s most valuable listed company, rose 0.3% to ...

West Texas Intermediate for August delivery fell 1.9% to $37.75 a barrel on the New York Mercantile Exchange as of ...

Oil capped its seventh weekly gain in eight on Friday with traders Vitol Group and Trafigura Group saying global demand ...

OPEC warned in a monthly report the market would remain in surplus in the second half of 2020 even as ...

The expected supply surge from Libya has been derailed after armed militants halted output at the nation’s biggest oilfield

Crude Oil rose above $40 for first time in three months as investors shrug off US unrest

Oil’s rally started to falter Wednesday after Moscow signaled that it wanted to scale back supply cuts pledged under the ...

While data is beginning to highlight the impact coronavirus has had on economies, markets have been buoyed in recent days ...