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HomeOil

Oil

Saudi
Business

Oil drops sharply as Saudi price cuts raise global demand worries

The Daily Leaks

Jan 8, 2024 — Oil prices fell over 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output that offset supply concerns generated by escalating geopolitical tension […]

Egypt
Latest News

Egypt announces new oil discovery in Gulf of Suez

The Daily Leaks

Egypt’s petroleum ministry on Tuesday, August 22, 2023, announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez. The new discovery was made by Egypt’s Cheiron through exploration […]

OPEC
Business

OPEC+ surprises markets, cuts output target as oil leaps $5/bbl

The Daily Leaks

• OPEC+ cuts output target by about 1.16 million bpd • Oil prices register biggest daily rise in nearly a year • Producer group acted after oil hit $70 a barrel • Goldman Sachs raises […]

Frying
Features

Trans-fat: Air frying vs Deep frying

The Daily Leaks

By Aderonke Ogunleye-Bello Traditionally, heated oils are used in frying foods. They vary from vegetable oil, palm oil, olive oil, sunflower oil to chicken oil and could be used in preparing fried foods and cooked […]

Oil
Business

Nigeria: NNPC signs $1.5 bn oil prepay deal with traders Vitol, Matrix

The Daily Leaks

Nigeria’s state oil firm has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such […]

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