Why being endowed with oil is not always a boon: the case of Nigeria and Angola
Feb 20, 2021 12:42 pm UTC| Politics
In countries with weak governance institutions, natural resource wealth tends to be a curse instead of a blessing. Where citizens are relatively powerless to hold ruling elites to account, resource wealth undermines...
Feb 12, 2021 08:10 am UTC| Politics Economy
Any feasible pathway out of the climate crisis involves dramatically lowering our consumption of fossil fuels. Its astonishing, then, that many countries not only dont reflect the damage caused by burning fossil fuels in...
FxWirePro: US Oil breaks major resistances, hits fresh 13-month high at $58.59
Feb 09, 2021 10:29 am UTC| Technicals Investing
WTI oil prices hit fresh 13-month high at $58.59 per brl before easing slightly to trade at 58.10 at around 10:15 GMT. Oil prices have risen nearly 10% in the past weeks trade and are set to extend the previous weeks...
WTI Oil set to scale new highs, poised for 200W MA breakout
Feb 02, 2021 10:47 am UTC| Technicals
USOIL chart - Trading View After grinding sideways for the past few weeks, price action is poised for breakout at 200W MA which will open upside for the pair. WTI crude oil spikes over 2.0% higher on the day to...
S-Oil makes 5th investment in new industry
Dec 29, 2020 00:27 am UTC| Business
S-Oil inked an investment deal with modified sulfur maker Beomjun EC to foray into new fields that can create synergy with its refining, lubricant, and petrochemical businesses. The company also seeks mutual growth with...
Oil prices soar due to promising COVID-19 vaccine test results
Nov 10, 2020 10:00 am UTC| Business
Hopes of the emergence of a COVID-19 vaccine soon with Pfizer and BioNTech indicating a 90 percent effectiveness initial trial results sent the prices of crude oil benchmark soaring by 9 percent to more than $43 a barrel...
North Sea oil: new owners for twilight years raise questions of national interest
Oct 09, 2020 07:04 am UTC| Business
The changing of the guard in the UK North Sea has reached a symbolic turning point. The reverse takeover deal between Chrysaor and Premier Oil overhauls BP to create a new number-one oil and gas operator, producing some...
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