BP workers near an oil pipeline at the Prudhoe Bay oil field in Alaska. Associated Press
Oil prices rose on Thursday on optimism about U.S and European economic recoveries and expectations OPEC and its allies will keep production curbs in place.
Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in US crude inventories.
Brent crude rose 32 cents, or 0.5%, to $64.46 a barrel at 05:25 GMT while US West Texas Intermediate (WTI) crude futures climbed 26 cents, or 0.4%, to $60.81 a barrel.
When completed, the wind power plant will produce 47,790 gigawatt-hours of clean energy annually, and will contribute to avoiding the emission of 23.8 million tonnes of carbon dioxide, equivalent to approximately 9% of Egypt's current carbon dioxide emissions.
The Ministry of Industry and Advanced Technology (MoIAT) and EDGE Group have jointly launched Talk 4.0, a new knowledge-exchange initiative to empower industrial leaders
Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high, and warned that further tightening may be required to ensure that inflation returns to target.