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Eswatini Financial Times

Oil

Russian central bank sees chance of prolonged low oil price cycle

Fears that oil prices could collapse to 1980s levels MOSCOW – Russia’s central bank has warned the Kremlin’s policymakers the United States and OPEC have the capacity to flood the oil market and cause…

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Ghana begins construction of $12 bln petroleum hub

FILE PHOTO: President Nana Addo Dankwa Akufo-Addo of Ghana speaks during a press conference during the Summit on Peace in Ukraine, in Stansstad, Switzerland, June 16, 2024. ALESSANDRO DELLA VALLE/Pool…

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Cars filling up at a Gulp Fuel Station in Eswatini. Picture: Ntokozo Magongo.

Ministry rubbishes fuel price decrease statement

Cars filling up at a Gulp Fuel Station in Eswatini. Picture: Ntokozo Magongo. By Bahle Gama The Ministry of Natural Resources has condemned the circulation of false information about fuel…

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Brent crude trades above $87, sets highest levels since April

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo By Nia Williams Oil…

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Oil rises as heightened geopolitical risks exacerbate supply concerns

Brent crude futures had climbed 24 cents, or 0.3%, to $85.67 a barrel. Picture: Reuters By Yuka Obayashi TOKYO – Oil prices rose in early Asian trading on Monday on…

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Oil slips as Russia lifts supplies, jet fuel demand stirs caution

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France. REUTERS/Christian Hartmann/File Photo SINGAPORE – Oil prices dipped on Tuesday due in part to the prospect of rising…

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Oil prices rise 1% on fears of escalating Middle East conflict

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023/File Photo By Natalie Grover LONDON…

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Oil set for 2nd weekly fall on firm dollar as supply worries ebb

China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning Province, China. REUTERS/Chen Aizhu/File Photo By Muyu Xu (Reuters) – Oil rose…

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Oil hits new highs on US fuel demand, tighter supply

An aerial view shows a crude oil tanker at an oil terminal off Waidiao Island in Zhoushan, Zhejiang province, China. China Daily via REUTERS By Arathy Somasekhar HOUSTON (Reuters) –…

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Oil slips as weak China data offsets tightening supply

Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford//File Photo By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell by about 1% on Tuesday…

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