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Oil breathes easy on troop withdrawal move

Oil has rallied recently on escalating tensions in the Middle East and supply shocks, raising the prospect of the global benchmark reaching triple figures.

Israel generalEwa mantheyWarren pattersonOil agenciesMiddle eastOil pricesBrent futureCrude oil

Tower Resources to Drill 35m-Barrel Appraisal Oil Well

Tower Resources received a loan of $7.1 million for the partial financing of its Njom-3 oil well, with drilling activities expected by Q3 2022.

Saudi arabiaUnited statesAlhaji kyariJoe bidenNigerian national petroleum corporationGulf cooperation councilTower resourcesManaging directorTexas intermediateBrent futurePersian gulf

US stocks extend losses on climbing inflation, oil reclaims $100

Asia markets are set to open lower as US stocks extended losses in the overnight session amid 40-year high inflation.

New zealandUnited kingdomGoldman sachsDelta air linesTesla motors incOccidental petroleumCitigroup incDevon energyDow jones industrial averageMeta platformsBrent futureSwiss francBritish pound

US stocks extend losses on climbing inflation, oil reclaims $100

Asia markets are set to open lower as US stocks extended losses in the overnight session amid 40-year high inflation.

New zealandUnited kingdomGoldman sachsDelta air linesTesla motors incOccidental petroleumCitigroup incDevon energyDow jones industrial averageMeta platformsBrent futureSwiss francBritish pound

Oil Prices Marginally Drop by 1 8% Amidst High Volatility

Oil prices have reduced slightly amidst high volatility and the possibility of a further release of more oil from IEA emergency inventory.

Nairobi areaSaudi arabiaUnited statesOil prices marginally dropInternational energy agencyIntercontinental exchangeUs energy information administrationOil fieldMulti commodity exchangeAmidst highLynnet okumuPublished marchSuper petrolWest texas intermediateBrent futureCereal spike as wheat hits

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