RIYADH: Oil prices fell on Tuesday as concerns over a possible recession and China’s COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the US summer driving season. Brent crude futures for July slid 61 cents, or 0.5 percent, to $112.81 a barrel by 0402 GMT. US West Texas Intermediate crude futures for July delivery dropped 55
Author of the article: SAO PAULO Senior Brazilian economy ministry official Caio Mario Paes de Andrade will be the next chief executive of state-run oil
Brazilian President Jair Bolsonaro on Monday dismissed Petrobras president Jose Mauro Coelho after only 40 days on the job and as pressure continues to mount from rising fuel costs.