Search For Keyword.

Business

Yemen's Aden refinery seeking 150,000 tons of oil products

Yemen's Aden refinery is seeking 150,000 tons of oil products for the local market in two separate tenders, the state news agency SABA said Sunday. The refinery is seeking 30,000 tons of unleaded petrol and 30,000 tons of diesel in its first tender, as fuel supplies ran low because of...

Oil could hit $100 a barrel in 2019: Bank of America

There is a risk of crude oil prices hitting $100 per barrel next year due to tightening of supply and demand balance in global oil market, investment banking giant Bank of America Merrill Lynch said in a report Thursday. Oil prices have been rising in the past few weeks due to worries...

Saudi to supply oil to fuel-starved Sudan: minister

Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country's oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black market prices surging in Khartoum as...