OIL companies announced on Monday a mixed price adjustments in pump prices to take effect this week. Gasoline prices will go down by P0.10 per liter. This will be the fourth consecutive week of rollback for gasoline. For diesel, the price will go up by P0.45 per liter. Kerosene prices…
OPEC Update, December 2023 seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Even before it started it was evident that the Cop 28 jamboree to “save the planet” would not satisfy the high expectations, some of them contradictory, of the 198 nations and dozens of non-governmental organizations attending the event with different agendas including some hidden ones. The next move was to blame “the Arabs” and the Organization of Oil Exporting Countries (OPEC) as a whole. The fact, however, is that OPEC as a whole accounts for just over a third of global oil production.
ALBAWABA – Oil prices rose as the market weighs in the latest output cuts by OPEC+ against demand prospects in China, while the US dollar ticked higher.