Crude oil prices experienced downward pressure yesterday, revisiting the critical support level of $68.64. Maintaining consolidation above this threshold is essential to sustaining a bullish trend in the near term.…
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Brent crude oil encountered solid resistance at $73.90, prompting a bearish rebound to test the 50-day exponential moving average (EMA50), which now provides significant support at $73.10. Analysts emphasize the…
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Former Niger Delta militant leader and Chief Executive Officer of Tantita Security Services Limited, Government Ekpemupolo, popularly known as Tompolo, has accused the Nigerian Navy of complicity in oil theft…
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IRPC Oil Company Limited has reaffirmed its dedication to ethical business practices by renewing its membership in the Thai Private Sector Collective Action Against Corruption (CAC). On November 11, 2024,…
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Malaysia has regained its position as the second-largest crude oil supplier to China, according to data released Wednesday. Crude oil supplies from the Southeast Asian nation rose 28% year-on-year in…
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Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…
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Azerbaijan’s Minister of Energy, Parviz Shahbazov, held talks with Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), on Tuesday. The meeting focused on key…
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Nigeria’s Dangote Refinery, owned by Africa’s wealthiest man, Aliko Dangote, has commenced the export of refined petroleum products to neighboring West African countries, marking a significant milestone for the country’s…
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Fuel prices in India are subject to daily revisions, with oil marketing companies (OMCs) announcing updates every morning at 6 a.m. The prices of petrol and diesel vary based on…
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Saudi Arabia’s involvement in COP29 has stirred significant controversy, as the nation has been accused of actively undermining the commitments made at last year’s climate summit regarding the global transition…