Latest news and articles about oil derivatives from NEX English
The Yemeni government announced it has received urgent support from Saudi Arabia amounting to <strong>$150 million</strong> to meet the electricity needs of the country. This assistance is part of Saudi Arabia's ongoing development and reconstruction program for Yemen.
Saudi Arabia has announced urgent support for Yemen in the form of oil derivatives worth up to <strong>$150 million</strong>. This initiative aims to improve humanitarian conditions in the country amid ongoing crises faced by the Yemeni people.
Oil derivative prices have seen a significant increase in global markets during the first week of April 2023, reflecting ongoing tensions in the energy market. This rise comes at a sensitive time for economies heavily reliant on oil.
A Jordanian official has confirmed that the kingdom is not facing any shortage of liquefied petroleum gas or oil derivatives. This statement was made by the General Manager of the Jordan Petroleum Refinery amidst regional challenges affecting the energy sector.
The Jordanian Oil Derivatives Pricing Committee announced a fuel price increase effective April 1, with a rise of up to 15%. This decision comes amid changing global economic conditions.
Fuel station owners in Damascus staged a protest in front of the Ministry of Energy against a new decision requiring them to pay for oil derivatives in US dollars. This move comes amid a severe economic crisis affecting the country.