Tag Archives: Aljazira Channel

Oil prices dropped 2 percent on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new pandemic curbs in Asia, especially China, may set back the global recovery in fuel demand. Brent crude futures slid $1.41, or 2 percent, to $69.29 a …

Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices. Saudi Arabian Oil Co., or Aramco, decided to stop investing in the …

A grounded Japanese-owned ship that leaked tonnes of oil near protected areas off the Indian Ocean island nation of Mauritius has split apart, with remaining fuel spreading into the turquoise waters. The bulk carrier struck a coral reef off Mauritius on July 25 and its hull began to crack after …

Oil prices rallied again on Wednesday on signs of improving crude demand and a drawdown in United States crude inventories, but gains continued to be capped by concerns over the economic fallout from the coronavirus pandemic. Global benchmark Brent crude settled up $1.10, or 3.2 percent, at $35.75 per barrel, …

Qatar’s sovereign wealth fund will remain “very active” through the coronavirus pandemic as the oil-rich Gulf investor searches for deals in the health and technology industries, the country’s finance minister told the Financial Times newspaper. Ali Shareef Al Emadi said the $320bn Qatar Investment Authority’s (QIA’s) “main focus” would be …

Oil prices climbed on Thursday, hours before the world’s largest oil producers are scheduled to meet to discuss output cuts as the coronavirus pandemic ravages demand. Brent crude futures rose 2.5 percent or 81 cents to $33.65 as of 00:34 GMT after touching a high of $33.90, adding to gains …

Global benchmark Brent crude has fallen to around $55 a barrel this year. alarming producers.

Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.

Global oil demand may peak within the next 20 years.

The Silk Road Fund was set up in 2014 with $40 billion of initial capital.