oil
Oil prices rose modestly on Wednesday due to ongoing concerns about tight worldwide supply, underscored by another drawdown in US distillate and gasoline inventories. The market rebounded late in the session after losing ground for most of the day..
Saudi Arabia has shut down an eatery in Jeddah after discovering that it had been preparing samosas and other snacks in toilets for more than 30 years, local media reported. Acting on a tip-off, Jeddah Municipality raided the 'restaurant&..
Indonesian palm oil companies were bracing on Wednesday for the impact of a government ban on exports of refined palm olein, with the new rules aimed at taming soaring prices of domestic cooking oil due to come into effect from midnight. The expor..
Germany hopes to find a way within days to replace Russian oil with supplies from other sources, Economy Minister Robert Habeck said on Tuesday, adding that Germany could then cope with an EU embargo on Russian oil imports. Under pressure to reduc..
Germany will stop importing oil from Russia by the end of the year, said German Foreign Minister Annalena Baerbock after a meeting with her Baltic counterparts on Wednesday. "I therefore say here clearly and unequivocally yes, Germany is also..
Oil prices climbed to nearly three-week highs on Monday as fears over tight global supply grew, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.09, or 1.0%..
It's huge, it's wide, and it's potentially a lot more sustainable. The Airbus A380, a behemoth of the skies, has completed a trial flight powered on cooking oil. The test airplane completed a three-hour flight from Blagnac Airport in T..
President Emmanuel Macron promised on Saturday to make France the "first great nation" to stop using oil, coal and gas as energy sources, in a pitch to young and green voters he fears could abstain in next week's election runoff. In ..
The website of Gazprom Neft (SIBN.MM), the oil arm of Russian state gas giant Gazprom (GAZP.MM), went down on Wednesday after an apparent hack, in what looked like the latest attack on government-linked sites following Russia's actions in Ukraine..
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