Oil

  • 5 July 2024

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…
  • 4 July 2024

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…
  • 25 March 2024

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…
  • 19 March 2024

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…
  • 27 October 2023

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…
  • 25 August 2023

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…
  • 9 August 2023

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) –…
  • 8 August 2023

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…
  • 8 August 2023

EFT July 29 – August 4 Edition

Front page of the EFT
  • 3 August 2023

Oil steady as supply concerns offset US ratings downgrade

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France. REUTERS/Christian Hartmann/File Photo By Andrew Hayley and Sudarshan Varadhan SINGAPORE (Reuters) – Oil prices were little changed on…