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Oil prices up again next week
06 Feb 2026 18:00 GMT
… with further increases likely once oil firms’ operating costs and other … taken into account.
Jetti Petroleum president Leo Bellas said prices … fears of disruption to oil flows in the Strait … non-OPEC sources, as well as softer demand for heating fuel due …
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Saudis Cut Key Oil Price for Asian Buyers
06 Feb 2026 17:08 GMT
… are running ahead of demand.
State oil producer Saudi Aramco will … kingdom has faith in demand for its barrels and Aramco’s … Middle Eastern crude, with the prices set for refiners determining the … for the lighter blends.
The OPEC+ producers group, led by …
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South Africa’s Upstream Petroleum Resources Development Act: Can Legal Certainty Revive Major Investment After IOCs’ Exit? – OpEd
06 Feb 2026 19:28 GMT
… and predictability that deepwater investors demand. That backdrop helps explain the … production rights into a single petroleum right, sets out controlled licensing … strategic stock purposes, and separates oil and gas regulation from mining …
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Oil Reverses Early Losses
06 Feb 2026 17:51 GMT
… crude oil futures rose over 1% to above $64 per barrel on … OPEC producer.
Meanwhile, Saudi Arabia cut prices for its main crude … reduction suggested confidence in demand.
Markets are also monitoring … s energy infrastructure.
Still, oil is heading for its …
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Powering Africa’s industries: Should the region leapfrog the use of fossil fuels?
06 Feb 2026 17:52 GMT
… billion by 2050,4 the demand for energy and food … dependence pattern on fossil fuels that characterized the development … “transition fuel,” emits less carbon than coal or oil and already … available resources (including fossil fuels), rather than pursuing a …
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Cuba Offers Dialogue as U.S. Oil Pressure Pushes Relations to the Brink
06 Feb 2026 17:21 GMT
… . If Washington’s opening demand is political transformation, and … is not abstract. It is fuel, and therefore electricity, transport … situation after losing Venezuelan oil.
Days before Fernández de … indirectly sell or supply crude to Havana.
The administration …
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How Trump’s energy push is driving U.S. oil companies to think globally
06 Feb 2026 16:51 GMT
… growth in OPEC-linked nations rich in oil but fraught … revival of U.S. oil majors’ appetite for international … nationalizations and volatile oil prices.
Still, strong demand forecasts and a … dominance” are driving American oil companies back onto the global …
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Oil Prices Slide as Diplomacy Drains the Risk Premium
06 Feb 2026 15:05 GMT
… immediately impact shipments from OPEC members Saudi Arabia, the … inventory data from the American Petroleum Institute (API) and … oil more expensive for foreign buyers, which can dampen demand … layer of pressure on crude oil, particularly during sessions when …
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Oil prices face ceiling despite rising Middle East tensions [ANALYSIS]
06 Feb 2026 13:53 GMT
… contributing to steadily rising global demand.
On the supply and …
quickly, OPEC struggled to keep pace, and oil prices surged … an additional 6 million barrels entering the
market.
Taking … exploring
oil in the Black Sea. The Turkish Petroleum Corporation …
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NNPC releases details on why it shut down 4 refineries
06 Feb 2026 13:47 GMT
… trends.
The Nigerian National Petroleum Company Limited (NNPC Ltd) …
He explained that although crude oil was supplied to the … expand the refinery from its current 650,000 barrels per … would address Africa’s growing fuel demand, reduce dependence on imports …