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Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

Saudi Arabia''s crude oil production has soared to over a million barrels per day, (bpd) according to data from the Joint Organizations Data Initiative

Fundamental outlook Last Wednesday, Russian troops retreated from Ukrainian border to Moscow. The war tension ebbed and WTI Crude prices waned from its seven-1/2 year high. The following day, Ukrainian Government blamed the pro-Russian separatists for attacking the villagers near the border. On Friday, President Joe Biden warned that Russia might attack Ukraine within []

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to the Joint Organizations Data Initiative (JODI).

Both the Somalian president and the country''s prime minister have rejected the oil exploration deal inked by one of the ministers. The leaders said they are protecting the country''s national resources.

View the Oil Spills Fast Facts on CNN and learn more information about oil spill disasters.

Most stock markets in the Gulf ended lower on Sunday after Russia and Belarus extended military drills north of Ukraine, dashing Western hopes that diplomacy might resolve the crisis. The decision to extend military exercises was taken because of increased military activity near the borders of Russia and Belarus and an escalation of the situation in the eastern Ukrainian region of Donbass, the Belarus ministry said in a statement. Saudi Arabia''s benchmark index fell 0.1%, as most of the stocks on the index were in negative territory including SABIC Agri-Nutrient. However, the index''s losses were limited by gains at Al Rajhi Bank, which concluded 5.9% higher after the lender announced board''s proposal to increase capital to 40 billion riyals ($10.66 billion) by issuing bonus shares. Separately, Nahdi Medical Co, Saudi Arabia''s market leader in retail pharmacy, on Sunday announced its intention to list on the local bourse by selling 30% of its shares, joining a spate of new initial public offerings in the kingdom.

The UAE, OPEC''s third biggest crude producer, said it is committed to meeting India''s energy demand as the growing oil consumer seeks to secure supplies with prices surging to near $100/b. The commitment to supplying India is included in the Joint UAE-India Vision Statement, which follows the signing of the India-UAE Comprehensive Economic Partnership Agreement on Feb. 18, according to

Participants would be keenly tracking the geopolitical developments regarding Russia-Ukraine tensions, which have been weighing on global sentiment for the past few weeks

Motorists in Iraq''s main northern city of Mosul queued for hours on Friday to fill up their cars with petrol, with authorities blaming shortages on smuggling to the nearby Kurdistan region.

According to a report by The Nation, 2 individuals, consisting of a little kid, lost their lives on Friday in a dreadful motor mishap along Ihialla-Onitsha expressway, Anambra state. 9 individuals, consisting of 4 ladies, continual differing degrees of injury in the crash which included seven lorries consisting of an articulated truck. An eyewitness said the crash took place around 11 am when the driver of the truck who was on speed lost control while approaching a cops checkpoint. The chauffeur rammed into 6 automobiles on a queue at the checkpoint, killing numerous travelers and hurting others inside the vehicles, he said. Confirming the occurrence, Sector Commander, Federal Road Safety Corps (FRSC), Adeoye Irelewuyi said the corpses of the deceased were transferred at the medical facility morgue. He commiserated with the departed household, and wished fast healing of the hurt, just as he warned drivers to avoid speeding and keep to the advised speed limit. He stated, unidentified driver of an orange Mercedes 911 truck UWZ556XA had a deadly roadway traffic crash with 6 other vehicles at Ken Maduakos oil and gas filling station by Ihialla-Onitsha Highway today 18th February 2022 at about 11:02 hrs. Others are Nissan Mini Truck with Reg No: ATN 787 XB; Suzuki Mini Pick-Up with Reg No: AKL169 XE and Toyota Hiace bus. 63 people, consisting of 52 male adults, 10 female adults, and 1 male kid were associated with the crash. 1 male adult and 1 male kid were killed, 9 people jeopardizing 5 male grownups, and 4 female grownups sustained varying degrees of injuries, while 52 people were rescued unhurt. FRSC rescue group from Ihiallia Unit Command rushed the victims to Our Lady of Lourdes Hospital, Ihiallia, where a male child and a male grownup were confirmed dead.

Indian stock market is expected to see volatility, guided by global cues, movement of the rupee, and crude oil prices this week.Geopolitical tensions and chances of a rate hike by the US Federal Reserve have triggered foreign fund outflows from the Indian equity markets

Domestic stock markets may face volatile trading sessions this week and would be guided by global cues, movement of the rupee and crude oil prices. Get more Markets News and Business News on Zee Business.

Governor Obiano said there are 15 oil wells in Anambra. The post Anambra to start benefiting 13% oil derivation Obiano appeared first on Premium Times Nigeria .

Lobbyists for energy companies help to run parliamentary groups without needing to declare their role