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Tag Archives: Crude Oil

Ecuador to quit OPEC in 2020 in search of bigger export revenue

2 October 2019, 7:15 AM

Ecuador, one of the smallest members of the Organization of the Petroleum Exporting Countries, said on Tuesday it will leave the 14-nation bloc from January 1 due to fiscal problems.

Probes and squeezed profits change the oil trading game

20 June 2019, 4:31 PM

For the world’s biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.

Tullow still on track to begin oil commercial in Kenya by 2020

19 February 2019, 8:28 PM

British Oil exploration Company, Tullow will increase the amount of crude oil it transports by road from the oil wells in the north of Kenya to the port city of Mombasa for storage by 1 400 barrels day, in preparation for its first shipments by mid-2019.

Oil prices climb amid signs of easing US-China trade tensions

13 December 2018, 7:18 AM

Oil prices rose on Thursday, buoyed by a drawdown in US crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.

Oil edges up on cautious optimism over Trump, Kim summit in Singapore

12 June 2018, 6:14 AM

Oil prices edged up along with global markets on Tuesday on cautious optimism over the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore.



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