The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity. It is seen as a […]
Crude oil prices surged on Monday January 9, after China, one of the world’s largest economies opened its borders. With China being one of the largest importers of crude oil, the re-opening of their borders led to an increase in demand which pushed the prices of the crude oil from US$74.67 to US$79.47 per barrel. […]
