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Middle East

  • In the News

    Middle East Tensions Flare Up, Oil Prices Drop Amid China Crisis

    by Victor Adetimilehin January 30, 2024
    by Victor Adetimilehin January 30, 2024

    The Middle East is witnessing a surge of violence and instability, as a missile strike on a fuel tanker in the Red Sea and an attack on U.S. troops in …

  • Oil & Gas

    Oil Prices Drop as Saudi Arabia Slashes Rates and OPEC Boosts Output

    by Victor Adetimilehin January 8, 2024
    by Victor Adetimilehin January 8, 2024

    Oil prices dipped as the world’s top oil exporter, Saudi Arabia, cut its official selling prices for February and the Organization of the Petroleum Exporting Countries (OPEC) increased its production …

  • In the News

    Oil Prices Soar Amid Middle East Turmoil

    by Victor Adetimilehin January 4, 2024
    by Victor Adetimilehin January 4, 2024

    Oil prices climbed higher on Thursday, extending the previous day’s sharp gains, as the Middle East faced multiple crises that threatened to disrupt the region’s oil supply. A series of …

  • Oil & Gas

    Oil Prices Soar After U.S. Naval Clash with Houthis

    by Victor Adetimilehin January 2, 2024
    by Victor Adetimilehin January 2, 2024

    Oil prices jumped 1% on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic …

  • In the News

    Houthis Strike Tanker with Missile, Oil Prices Drop

    by Victor Adetimilehin December 12, 2023
    by Victor Adetimilehin December 12, 2023

    Oil prices fell on Tuesday, reversing earlier gains, as worries about excess supply and sluggish demand growth overshadowed rising security risks in the Middle East after a missile attack by …

  • Oil & Gas

    Oil Prices Fall as Demand Worries Outweigh Geopolitical Risks

    by Victor Adetimilehin November 13, 2023
    by Victor Adetimilehin November 13, 2023

    Oil prices have been on a downward trend for the past three weeks, as signs of weakening demand from major consumers such as China, the US and Europe overshadow the …

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PetroChina H1 profit jumps 22 percent, fuel sales fall as China demand weakens
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PetroChina H1 profit jumps 22 percent, fuel sales fall...
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