Oil prices edged down on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies.
The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi, signed the partnership agreement for the creation of the new Joint Venture company during an official ceremony today.
Offshore investors have further reduced their participation in the local equities market amid the global shift toward tighter monetary policy stances to contain inflationary pressures
US President Joe Biden says he is prepared to “use all tools at his disposal” to get American oil producers to do more to lower the cost of oil
Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily.
The European Commission has proposed a deal to accelerate natural gas imports from Egypt in a bid to reduce its reliance on Russian gas.
U.S. President Joe Biden escalated the rhetoric against oil companies on Wednesday, telling them in a letter to produce more gasoline and lower gasoline bills for American consumers.
Wood has signed a 10-year master services agreement with Chevron for engineering and project-related services
The Ministry of Energy has admitted that the current persistent increments in fuel prices are a big challenge for them
The global oil market currently is characterised by the ongoing geopolitical tensions, post-pandemic challenges, supply chain issues and rising inflation, resulting in price hikes