oil

Oil hits one-month highs as IEA, OPEC raise forecasts

Published on: April 16, 2021
09:06

New York, Apr 16 (Prensa Latina) Oil prices rose on Thursday to the highest level in nearly a month, after jumping 5% in the previous session, driven by increased demand forecasts from the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) as major economies recover from the pandemic.

OPEC raises 2021 oil demand growth prediction on hope pandemic wanes

Published on: April 15, 2021
00:15

Vienna, Apr 15 (Prensa Latina) The Organization of Petroleum Exporting Countries (OPEC) raised its prediction for growth of the world oil demand this year on expectations that the pandemic will subside, providing help for the group and its allies in their efforts to support the market.

Saudi Arabia signs agreement to provide oil grant to Yemen

Published on: April 14, 2021
11:15

Riyadh, Apr 14 (Prensa Latina) The Saudi Development and Reconstruction Program for Yemen (SDRPY) has signed an agreement to supply oil derivatives to operate more than 80 power stations with the Yemeni government.

Egypt favors natural gas for its vehicle fleet

Published on: April 9, 2021
15:24

Cairo, Apr 9 (Prensa Latina) The national project to expand the use of cars operating with natural gas is being successful, Tariq Al-Mulla, minister of Oil and Mineral Resources of Egypt, said on Friday.

Oil prices close higher

Published on: April 7, 2021
08:17

New York, Apr 7 (Prensa Latina) Oil prices closed higher on Tuesday driven by positive economic information from US and Chinese service sectors in March.

Venezuela will cooperate to maintain oil market stability

Published on: April 1, 2021
16:41

Caracas, Apr 1 (Prensa Latina) Venezuela's Sectoral Vice President for Economy Tareck El Aissami ratified on Thursday his country's commitment to continue cooperating to maintain the stability of the oil market, affected by the Covid-19 pandemic.

Details of US involvement in Syria’s war revealed

Published on: March 29, 2021
12:17

Damascus, Mar 29 (Prensa Latina) Syrian media echoed the revelations made by former US Senator Richard Black about his country's support for terrorism in Syria.

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