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    Oil prices fall as trade wars fan fears of economic slowdown

    03 Jun 2019

    Oil prices fell by around 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears

    Fuel prices drop by up to 24 fils per litre for July

    28 Jun 2019

    The Fuel Price Follow-up Committee at the Ministry of Energy and Industry approved the fuel and diesel prices for July including the value added tax from Monday, July 1.

    BP to sell Alaskan properties to Hilcorp Energy for $5.6 billion

    28 Aug 2019

    LONDON: British oil major BP agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years. The deal, which includes interests

    Saudi Arabia’s business morale at three-month high in Q3

    06 Sep 2019

    Saudi Arabia’s non-oil private sector regained momentum midway through the third quarter of this year. Stronger domestic demand drove a faster upturn in output, which recovered from July’s five-month low.

    UAE reduces fuel prices for next month

    29 Oct 2019

    Fuel prices for November fell slightly by 3-4 fils compared to the current October prices.

    UK inflation at six-month high in January as fuel prices rise

    19 Feb 2020

    British inflation unexpectedly rose to a six-month high in January, pushed up by higher petrol prices and a smaller-than-usual drop in airfares, official data showed on Wednesday.

    Oil shipping rates from US to Asia touch 3-year high

    02 Oct 2019

    Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut vessel availability,

    Oil prices, stocks plunge as coronavirus closes sites around world

    09 Mar 2020

    The world’s largest economies delivered more worrisome cues on Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Mideast schools.

    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said

    Oil plunges to 2002 lows, shares sink again

    30 Mar 2020

    Brent slumped to $22.5 a barrel leaving it down 65% for the year and hammering petro currencies such as Russia's rouble, Mexico's peso and the Indonesian rupiah by as much as 2%.

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