The Management of Shebah Exploration and Production Company Ltd. (SEPCOL) has confirmed a fire incident at its offshore 22,000B/D Floating Production Storage and Offloading (FSPO) facility on Wednesday. The huge facility, TRINITY SPIRIT, was built in...
Oil prices shed earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid diminishing concerns over the spread of the Omicron variant...
Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday's OPEC+ meeting, although surging COVID-19 cases continued to dent demand sentiment. Brent crude added...
Oil prices rose on Thursday for a third consecutive session over positive developments around COVID-19, even as China imposed new travel curbs and Australia reinstated restrictions to combat surging cases. A South African study suggested...
Oil prices were steady on Wednesday, with investors on the lookout for fuel demand pointers amid COVID-19 concerns. Brent crude futures rose 1 cent, or 0.01%, to $73.99 a barrel at 0757 GMT after gaining...
Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally. Brent crude oil...
Crude prices decline on growing worries that rising coronavirus cases and a new variant could reduce global oil demand. Earlier on Friday, oil prices climbed more than $2 a barrel after producer group OPEC+ said it...
Oil prices rose on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for a...
Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by...
Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States may prompt the government to release more strategic crude stockpiles to drive down prices. Brent crude...