Oil
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Business
Russia becomes China’s largest oil supplier
World’s biggest crude oil importer country purchased about 8.42 million tonnes of crude oil in May, up 55% from May…
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Local Turkey
Turkiye’s production target just 2 years after gas discovery ‘impressive’
Turkiye’s largest offshore discovery could be transformational for country in supporting its growing gas demand, says expert Given the challenging…
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Business
Oil up over rising demand in China versus tight supply fears
Unfolding sanctions on Russian oil, gas exports put extra pressure on prices as supply gets tighter Oil prices increased on…
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Business
Oil jumps as Saudi price hike decision fuels supply concerns
Rebounding demand in Asia after removal of COVID restrictions, start of driving season in US come amid tight supply concerns…
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Business
Oil prices rise as fear of tight global supply grows
Energy and oil ministers of OPEC and 10 non-OPEC oil producing countries led by Russia to meet on Thursday Oil…
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Business
Brent oil prices up on hope of stronger Chinese demand
Declining Omicron cases in Shanghai boost hopes for rising oil demand Oil prices rose on Thursday driven by signs that…
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Business
Saudi Aramco says Q1 profits jump 82% as oil prices surge
Energy giant Saudi Aramco posted Sunday an 82 percent jump in first quarter profits, buoyed by the surge in oil…
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Business
Oil prices raise inflation, China lockdown worsens supply disruptions: Fed
‘Inflation is much too high, we are moving expeditiously to bring it back down,’ Fed Chair Jerome Powell says The…
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Business
Selling pressure continues in commodity market
Prices of gold fell 1.8% last week, silver 5.7% The selling pressure in commodity markets continued last week amid persisting…
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Business
Libya’s NOC declares force majeure on El-Feel oil exports
Company says oil production halted at El-Feel oilfield in country’s southwest Libya’s National Oil Corporation (NOC) on Sunday declared force…
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