oil

Germany will support an EU oil embargo on Russia
World

Germany will support an EU oil embargo on Russia

London (CNN Business) – Germany is ready to support a European ban on imports of Russian oil, and won’t be…
Why India can buy Russian oil, and still be friends with the US
World

Why India can buy Russian oil, and still be friends with the US

(CNN) – What a difference a few weeks make. Just last month India was taking flak from the West for…
Egypt to achieve self-sufficiency of sugar by 2023: minister
Business

Egypt to achieve self-sufficiency of sugar by 2023: minister

Minister of Supply and Internal Trade, Ali Moselhy, stressed on Thursday that Egypt currently enjoys an abundance of all basic…
Tunisia seeks to limit damage after ship carrying up to 1,000 tons of fuel sinks
Middle East

Tunisia seeks to limit damage after ship carrying up to 1,000 tons of fuel sinks

Tunis, Tunisia (Reuters) – Tunisia will work with other countries that have offered to help it to prevent environmental damage…
World’s top oil trader will stop buying Russian crude
World

World’s top oil trader will stop buying Russian crude

London (CNN Business) – Vitol Group, the world’s top independent oil merchant, will stop trading Russian crude oil and products…
Middle East oil exporters are cashing in as Ukraine war hits global economy
Middle East

Middle East oil exporters are cashing in as Ukraine war hits global economy

Abu Dhabi, UAE (CNN) – The Ukraine war is wreaking havoc on the world economy, but in the Middle East…
Day drinking, ‘Big Shot’ and billions of dollars: How the nickel market imploded
World

Day drinking, ‘Big Shot’ and billions of dollars: How the nickel market imploded

New York (CNN Business) – When a trade jumps by 250 percent over the course of days, investors typically pop…
US oil sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv
World

US oil sinks below $100 after Russia says it will ‘drastically reduce’ assault on Kyiv

New York (CNN Business) – Oil prices fell sharply on Tuesday after Russia indicated it will dial back its assault…
Gas prices are high. Oil CEOs reveal why they’re not drilling more
World

Gas prices are high. Oil CEOs reveal why they’re not drilling more

New York (CNN Business) – The US oil industry doesn’t appear to be in any rush to come to the…
Saudi Arabia could invest $50 billion this year to boost oil capacity
World

Saudi Arabia could invest $50 billion this year to boost oil capacity

Dubai – Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged…
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