Tag: decline..
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Fuel prices in the UAE for the month of June 2023 are witnessing a new decline
Fuel prices fell in the UAE for the month of June 2023, after rising slightly during the current month, as the Gulf country approved a decrease in gasoline prices amounting to about 21 fils per liter, while it reduced diesel prices by about 23 fils per liter, compared to the prices of the current month…
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Crude oil prices continue to decline… and Brent is below $74
Crude oil prices continued their losses at the beginning of trading today, Wednesday, May 31 (2023), at a time when concerns increased about the prospects for a slowdown in oil demand from China, the largest oil importer in the world, after the release of weaker-than-expected economic data, in addition to Slow positive progress on agreement…
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A report reveals a decline in Russian oil production by 300,000 barrels per day
Participants in global markets seek to verify Moscow’s commitment to reducing Russian oil production to 9.5 million barrels per day, in the period from March 2023 until the end of the year, as part of a group of voluntary production cuts for several member states of the OPEC + alliance, with the aim of achieving…
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Will crude oil prices decline in the second half of 2023? Anas Al-Hajji answers
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that crude oil prices raise questions during the second half of this year (2023), with speculation about a further decline. Al-Hajji added – during an episode of the program “Energy humanitiesHe presented it on Twitter with the headline “Energy Markets in the Second Half…
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Crude oil prices decline 1.5% after US inventories data – (Update)
Crude oil prices fell by more than 1.5% at the end of trading today, Wednesday, May 10 (2023), after 3 sessions of gains, with the release of US inventories data. As an unexpected rise in US oil inventories raised concerns about demand for crude, while investors evaluated US inflation data that showed a slowdown in…
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Dana Gas shares decline after announcing the results of the first quarter of 2023
The UAE’s Dana Gas share declined during trading today, Wednesday, May 10 (2023), in the Abu Dhabi market, after its profits fell in the first quarter. The results of Dana Gas’s business in the first quarter of 2023 revealed a decline in net income by 8%, to reach 183 million dirhams ($50 million), compared to…
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Gasoline prices in Jordan for the month of April 2023 recorded the first decline in 3 months
Gasoline prices in Jordan for the month of April 2023 are scheduled to witness the first decline in 3 months, after stabilizing during this March, following their rise in February. The decline in fuel prices in Jordan next month coincides with the decline in average prices of crude oil and derivatives during this March, compared…
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Crude oil prices decline for the first time in 3 sessions – (Update)
Crude oil prices fell at the end of trading today, Wednesday, March 29 (2023), to fall for the first time in 3 consecutive sessions, with the issuance of the US inventory report. Crude prices rose during trading, after the US Energy Information Administration showed that oil inventories in the United States decreased by 7.5 million…
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Fuel prices in Morocco recorded a limited decline
Fuel prices in Morocco recorded a slight decline in most gas stations in the country, in conjunction with the decline in global oil prices last February. Despite the decline, gasoline and diesel prices in Morocco are still higher than their levels during the same period in March (2022), when oil prices reached record levels against…
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The decline in fuel prices in Palestine for the month of March 2023
It is scheduled that fuel prices in Palestine for the month of March (2023) will witness a slight decline, after being fixed during the current month of February. And the Ministry of Finance announced, this evening, Tuesday, February 28, the fuel and gas prices to be applied during the month of March. Fuel prices in…