Tag: Oil

Crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sept. 2 ...

Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s ...

Oil prices fell for a third day on Wednesday on mounting concerns that the increasing spread of the delta variant of ...

Oil prices were lower on Monday as investors balanced concerns about fuel demand from the spread of COVID-19 variants and floods ...

Oil prices fell more than $1 a barrel on Monday after the OPEC+ group of producers overcame internal divisions and ...

Oil prices held steady on Friday after OPEC+ ministers delayed a meeting on output policy as the United Arab Emirates ...

Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers ...

Oil prices on Wednesday extended the previous day’s small gains after an industry report showed U.S. crude stockpiles fell last ...

Oil extended gains to hit fresh multi-year highs on Monday, supported by a brighter economic and fuel-demand outlook. At the ...

Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures ...

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

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

Market giant Dangote Cement Plc, which climbed 9.9%, MTN Nigerian Communications Plc, up 5.7%, and Zenith Bank Plc, which gained ...

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

The board noted that the environment remains challenging due to the uncertainty of the COVID-19 related impacts as well as ...

While the market is being hit by financial flows, Russia warned that there will be no quick fix to low ...

The Dow Jones Industrial Average rose 358.51 points, or 1.51%, to 24,133.78, the S&P 500 gained 41.74 points, or 1.47%, ...

Stocks across Asia-Pacific fell after a potential antiviral drug to treat coronavirus flopped in its first clinical trial, dashing investors’ ...

Crude has been pummelled in recent days on concerns that there is not enough space around the world to store ...

As losers & gainers continue to emerge, Safaricom still takes the lead in firms gaining ground during this pandemic. The ...

The major Asia-Pacific stock indexes are trading lower on Monday as traders digest the OPEC+ production cut deal and the ...

The world’s top oil producers pulled off a historic deal to cut global crude output and put an end to ...

Most markets will be closed for Good Friday today and will resume trading on Tuesday. U.S markets as the tradition, ...

The banking stocks are one of the most hit in Nairobi as stocks plummeted and have been struggling to remain ...

The slump in oil may make recovery of global markets even harder as the Corona-Virus pandemic continues to hit markets ...

Tuesday saw the Nairobi bourse gain Sh10 billion in market capitalisation, recovering some of the heavy losses recorded on Monday.

Financial markets globally yesterday had their worst day as markets opened lower and 'messier'. This is after Oil prices cratered ...

The Corona Virus scare hit the NSE hard two weeks ago when the index touched its lowest in 16 years. ...

The mother of all busts is unfolding in the oil market. WTI crude is already down 37% since the January ...

We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” Roger Diwan, an ...

For instance, in 2019, Kenya's petroleum product imports amounted to USD 3,310 million and the average price of our benchmark ...

Saudi Arabian Oil Company (ARAMCO), the world’s largest initial public offering (IPO), surged past expectations as it debuted trading on ...