Oil markets sank on Friday, a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production.
He added that the company is also looking at other options besides Gulf countries. Recently, the company received oil from Argentina, and it is a regular buyer of crude from the US. On talks with ...
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The fall in global oil prices from over $100 a barrel to around $50 a barrel—and similar moves in the price of natural gas—have reduced the export proceeds of the world’s main oil-exporting ...
ST. LOUIS, Mo. (KAIT) - Increasing crude oil prices could soon mean higher gas prices in the Natural State. AAA reported Thursday that average gas prices in Arkansas are up a penny this week to $2 ...
Crude oil imports stood steady at 4.7 mb/d in November ... Product exports reached an eight-month high of 1.4 mb/d, driven by higher outflows of gasoline and naphtha. Global oil demand is projected to ...
Available data shows that Nigeria has surpassed the 1.5 million barrels per day oil output limit set by the Organisation of Petroleum Exporting Countries (OPEC) in December 2024. The data said Nigeria ...
This, however, is unlikely to disrupt overall oil imports – enough supply is available from other oil exporting countries. Story continues below this ad India, the world’s third-largest consumer of ...
LAUNCESTON, Australia, Jan 16 (Reuters) - "This time it's different ... simply pare back its crude imports and dip into inventories. China, the world's biggest crude oil importer, has a well ...
While describing the creation of the forum as timely, Engr Komolafe harped on the need to significantly increase oil production in the country. “The 2025 budget is predicated on crude oil ...
Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Amin Nasser, the head of Saudi Aramco, the world’s ... may decide to refine crude oil into different products for ...