Energy

Venezuela raises fuel prices after arrival of Iranian oil tankers

Venezuela raises fuel prices after arrival of Iranian oil tankers

Beyond that, individuals will be required to pay international prices. Public transport fares would not be affected by the changes, he added. CARACAS: Venezuela will...

Iran’s fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

Iran’s fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

As authorities in the country - which had enjoyed the world's cheapest gasoline for two decades - prepare to expand retail sales. Of 1,800...

Algeria suggests bringing forward OPEC+ meeting to June 4

Algeria suggests bringing forward OPEC+ meeting to June 4

Algeria's energy minister, Mohamed Arkab, said in the letter that he had held discussions with "some ministers" about bringing forward the dates, which would...

Oil surges 5pc on US-China trade optimism, falling crude output

Oil surges 5pc on US-China trade optimism, falling crude output

US/Canadian oil & gas rig count falls to record low WTI posts record monthly gain of 88% Brent up 40% in biggest monthly rise...

Oil marketing firm Eighty-Eight oil declares force majeure

Oil marketing firm Eighty-Eight oil declares force majeure

The company declared force majeure after producers selling oil to them shut production, causing Eighty-Eight to be short on barrels that they had committed...

US/Canadian oil & gas rig count falls to record low

US/Canadian oil & gas rig count falls to record low

The Canadian rig count fell by one to an all-time low of 20 this week, according to Baker Hughes. That was 65 rigs, or...

Oil lower on US-China tensions but heads for huge monthly rise

Oil lower on US-China tensions but heads for huge monthly rise

This year, oil prices have fallen more than 40% largely due to slashed fuel demand caused by efforts to limit travel and shut businesses...

Oil falls but remains set for biggest monthly gain in years

Oil falls but remains set for biggest monthly gain in years

WTI is on track for a record monthly gain of 72% in May, with Brent set for a 35% increase that would represent its...

Plunging crude prices drag euro zone inflation to 4-year low

Plunging crude prices drag euro zone inflation to 4-year low

But a keenly watched "core" figure, which excludes food and energy prices, held steady at 1.1% while even narrower data. This has raised questions...

Norway raises spending from oil fund to $44bn in 2020

Norway raises spending from oil fund to $44bn in 2020

Before the coronavirus outbreak the government had planned to spend 243.6 billion crowns from the fund. OSLO: Norway's government has further raised its projected 2020...

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