Crude oil futures were higher in mid-morning trade in Asia Aug. 24, after surging by more than 5% overnight, as falling COVID-19 cases in China and expectations of a delay Continue Reading
Oil prices gained for a second session, building on the biggest one-day gain in five months, amid glimmers of optimism among bulls that a hit to demand from the delta Continue Reading
Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a Continue Reading
Less than a month into a COVID-19 vaccine booster drive, Israel is seeing signs of an impact on the country’s high infection and severe illness rates fuelled by the fast-spreading Continue Reading
The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data Continue Reading
A fire that struck an offshore oil platform operated by Mexico’s state-run Pemex cut the company’s production by 444,000 barrels per day (bpd) due to the lack of natural gas Continue Reading
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is Continue Reading
A fire at an offshore oil platform operated by Mexican state oil company Pemex has left five people dead and slashed the country’s oil output by almost a quarter.About 420,000 Continue Reading
One of this year’s hottest commodities is flaming out. The price of iron ore has fallen roughly 40% since mid-July on concerns about demand from China, which makes more than Continue Reading
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the second quarter of this year from a year earlier, outpacing China’s Continue Reading
