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"OIL" tag
us-iran-oil-marketexpress-in

Iran gas pipeline: A solution to Pakistan’s energy woes?

Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran. But the US has warned about the risk of sanctions in doing business with Tehran. Pakistan announced at the end of...

decoupling-oil-us-interest-rates-marketexpress-in

Gold, Oil, and Interest Rates Rise

The market put more weight on the rise in the US ISM manufacturing survey than the downward revision to the manufacturing PMI and the unexpected back-to-back decline in construction spending. US rates shot up and...

oil-covid-19-marketexpress-in

ExxonMobil boosts fossil fuel commitment with Pioneer buyout

With the acquisition, ExxonMobil will command a dominant position over the top oilfield in the United States. Fossil fuel emissions are considered the main drivers of climate change. ExxonMobil has sealed a $59.5 billion (€56...

brazil-russia-ukraine-war-global-growth-marketexpress-in

Brazil looks to gain from Russia’s war in Ukraine

As the world economy reels from a global slowdown amid the Ukraine war, Brazil could benefit from the multiple crises. No matter whether it’s oil, gas, lithium, food, renewable energy — Brazil has plenty of...

oil-covid-19-marketexpress-in

UK to grant new oil, gas licences despite zero-carbon aim

Britain will award hundreds of new licences to explore for oil and gas in the North Sea, its government says. Premier Rishi Sunak said it was “vital” to boost the country’s energy independence. The UK is to...

india-state-of-nation-politics-marketexpress-in

Russia’s rupee problem risks harming trade ties with India

As sanctions cut off major Russian banks from much of the West’s payment systems, finding ways to pay for the crude India imports from Russia has become a challenge. India has emerged as a major buyer...

lebanon-olive-oil-marketexpress-in

Lebanon: Soaring inflation turns olive oil into a luxury

Lebanese olive oil has become unaffordable for many in the crisis-ridden country. As inflation bites and the US dollar reigns supreme, poorer people are forced to part with their traditional local diet. Imad Waresbi is...

oil-covid-19-marketexpress-in

Oil price jumps amid production cuts

An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war...

oil-covid-19-marketexpress-in

Saudi oil giant Aramco makes record profits in 2022

Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...

nigeria-oil-marketexpress-in

Nigeria: Rich in oil but poor in refining

Nigeria is Africa’s biggest oil producer. But the lack of operational oil refineries has left the industry in crisis, forcing the country to import fuel. Economists say the next government needs to diversify the economy....

ukraine-war-new-world-order-marketexpress-in

Ukraine battles to avoid hyperinflation as war costs soar

Ukraine’s central bank has been de facto printing money to pay its troops, but the measure is unsustainable. More international support is vital, but how much new cash could be raised domestically? As the war against...

saudi-oil-aramco-profits-marketexpress-in

Saudi oil firm Aramco profits skyrocket amid global instability

Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar. Saudi Arabia’s national oil...