Oil
Saudi Arabia's King Salman said on Wednesday the OPEC+ production agreement was "essential" to oil market stability and stressed the need for producers to comply with the pact. The king, in an annual speech to the advisory Shura Coun..
Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run P..
Coffee prices rose to a decade high on Wednesday, fueled by a shipping crunch, a spike in demand, and dry weather. The ICE Arabica coffee futures contract, which tracks the higher-quality bean, was sitting above $2.40 per pound midmorning in Europ..
Essential oils have been associated with the perfume-making industry and aromatherapy for too long. It is time that people think about it from other perspectives as well. For example, essential oils are great for your skin and hair. They also keep yo..
China will release crude oil from its reserves according to its needs, a foreign ministry spokesman said on Wednesday, adding that the country was in close communication with oil-producing and oil-consuming countries. The United States said on Tue..
At least 91 people have died after a massive explosion when a fuel tanker collided with a lorry in Sierra Leone's capital, Freetown. Fuel spilled before igniting and the resulting inferno engulfed bystanders and vehicles at a busy junction. ..
Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically. The plane flew more..
Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions. Brent crude was up $1.15 or..
Sudanese protesters on Saturday blocked two key oil pipelines in Port Sudan, the main port on the Red Sea, over a peace deal with rebel groups, the oil minister said. Oil Minister Gadein Ali Obeid warned that this was "an extremely grave situ..