PetroNeft Resources reach agreement to extend term of the loan

Oil prices climbed by more than 3% on Tuesday, extending the previous day’s rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant. Brent crude futures

Oil prices settled more than 1%higher on Thursday, after a see-saw session that saw benchmarks swing in a $5 range after OPEC+ surprised markets by sticking to its plans to boost output slowly. Brent crude futures

Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron

Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the

Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices. Brent crude was up 71cents,

The FTSE climbed higher as a recovery in oil prices, strong Wall Street opening and weak pound all helped London firms in the afternoon session. While world leaders descended on Glasgow for Cop26 oil prices continued

Oil prices are on the rise again, following last week’s climbs, as supply remains tight amid growing demand from economies recovering from the pandemic. Brent crude futures increased by $0.56 to reach $86.09, hitting a three-year

Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic

The price of crude could rise to US$ 100 per barrel in coming weeks, anticipated Russian president Vladimir Putin during the Energy Week conference held in Moscow. Putin said it was “quite possible” that a barrel

Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favorite investment destination. Russia’s ruble has gained more than any other emerging-market currency this month, bolstered by the prospect of higher

Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening