Time to hedge crude oil imports — COPEC
The Chamber of Petroleum Consumers (COPEC) has called on the government to take immediate steps to hedge the purchase of crude oil from the international market. It says it will enable the country avoid paying more for the product in the coming days. Oil hedging is used to reduce or eliminate a company or country’s […]
Iran Attack: Crude Oil Prices Hike After Iraq Missile Attacks
Oil prices have rose after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains. So-called safe haven assets, like gold and the Japanese yen, also rose on the news. At […]
