10 months ago
Coronavirus and oil: Why crude has been hit hard
The world’s biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus.
Representatives of oil producers’ cartel Opec and its allies are …
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2 years ago
Heavy, heavy fuel
Institute of Petroleum (AIP), the national average retail diesel petrol price rose by 1.6 cents to 160.4 cents a litre over the week – the highest level in four years. …
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Crude drops below $US50 a barrel on worries about rising global supplies
By Mark Shenk, 21 July 2015
Crude slumped below $US50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will …
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US production moves could fuel oil prices
Something of a paradox is developing in the US onshore oil and gas sector. Even as the number of rigs drilling for shale oil and gas declines the actual volumes …
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One of the world’s largest oil producing countries is running out of gasoline
One of the world’s largest oil producers is running out of gasoline.
Nigeria’s main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting local currency, …
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