South Korea has taken new measures to counter the inflation caused by high oil prices, by increasing the fuel tax cuts that began in November for a period of 6 months and intends to extend them for another 3 months.…
Continue ReadingOil prices rose more than 3% during Monday's trading, with Brent crude trading above $107, with concerns about a tight supply continuing. This comes despite investors' aspiration to free supplies from strategic oil reserves from consuming countries and the armistice…
Continue ReadingVenezuela's March oil exports slip amid struggles with returned cargoes Venezuelan petroleum exports fell about 4% in March compared to the previous month as the country's state-run oil company dealt with crude cargoes returned by customers due to poor oil…
Continue ReadingOil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil…
Continue ReadingOil prices extended their gains to more than 7% during Thursday's trading, with US crude breaking the $102 per barrel barrier, amid fears of a supply shortage. Crude's performance follows warnings from the International Energy Agency that markets could lose…
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