Oil prices rise on economic outlook

Oil prices rose for a third consecutive day on Wednesday, boosted by a larger-than-expected fall in U.S. fuel stocks, and rising tensions in the Middle East. Brent crude futures settled 62 cents higher, or 0.79% at

Crude oil prices started trade this week with a gain amid indications that the United States plans further military action in the Middle East and that the Yemeni Houthis have no plans to stop shooting at

The National Agency of Petroleum, Gas and Biofuels (ANPG) have finally disclosed the selected preferred bidders of the country 2023 onshore licensing bid round. The agency in its capacity as National Concessionaire and holder of mining

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red

Angola has selected the winners for four onshore oil and gas concessions in the Congo and Kwanza basins in its latest bid round, the country’s upstream regulator ANPG announced on Monday. On the Kwanza basin, the KON 13

Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has handed out blocks onshore, including to Serinus Energy and Afentra. The two companies won stakes in Kwanza Basin licences. ANPG also awarded licences in the Lower

Oil prices settled on Thursday (Jan 18) after the International Energy Agency (IEA) joined producer group Opec in forecasting strong growth in global oil demand and as cold winter weather disrupted US crude output while the

Oil prices edged up on Monday as traders watched for supply disruption risks in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red

Oil prices climbed around 2% on Tuesday as the Middle East crisis and a Libyan supply outage pared the previous day’s heavy losses. Brent futures rose $1.48, or 1.9%, to $77.60 a barrel by 2:13 p.m.

Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well as hopes of strong holiday demand

Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil

Oil prices held steady on Monday as U.S. efforts to replenish strategic reserves provided support, though concerns persist about oversupply and softer fuel demand growth next year. Brent crude futures edged up 2 cents to $75.86

Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China. Brent crude futures fell 5 cents, or 0.06%, to

Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+,

Oil futures edged higher on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices that have fallen for four weeks on demand concerns and Middle East supply disruption owing to

Oil prices edged higher on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance. Brent crude futures gained 20 cents, or 0.2%, to

Oil prices increased in early trade on Monday due to the decision of Saudi Arabia and Russia, the world’s largest oil exporters, to extend their voluntary additional production cuts until the end of the year. International