crude oil | Best Cooking Oil

October 13, 2021

Israeli oil company to buy up Israeli crude oil stocks

Israel’s energy ministry says it will buy up up to 20 billion cubic meters of crude oil in a $25 billion deal with Israel’s largest oil producer.The Israeli Energy Authority said on Friday that it would sell Israeli state-owned Aramco’s 1.5 billion barrels of crude and 1.8 billion barrels in Israeli-manufactured crude.Aramco, the country’s biggest […]

September 27, 2021

What’s New in the Oil Market

Oil prices were down sharply last week, hitting a new low of $47.25 a barrel and trading below $35 a barrel.The slump is likely to make it harder for China to lift its economic growth target for next year and could hurt the United States’ rebounding economy, which is struggling with a recession and slowing […]

September 18, 2021

Oil prices up by 20% on worries of ‘dangerous’ climate change

Oil prices have risen sharply this week as a global oil glut is set to tighten further and as the world prepares to kick off the world’s hottest summer.The dollar, which has traded at around 70 cents a barrel since early April, hit its highest level since January. In Sydney, the dollar strengthened to a fresh […]

September 12, 2021

What’s next for Ireland’s oil refinery?

Oil refinery operator OLAPX has said it will lay off 100 people, including 20 people in its oil division, after the Government’s decision to withdraw funding from the plant.The refinery in Co Clare has been operating at around half capacity since May when the Government cut funding from its operating budget by more than £5m.The […]