Tag: jump
-
Oil prices jump 4%… Brent crude is above $83 – (Update)
Global oil prices continued to consolidate their gains by more than 4% at the end of the day, Tuesday, February 7 (2023), supported by optimism about demand in China. Crude prices also received support from concerns about the closure of a major export terminal in Turkey after the country was hit by a devastating earthquake…
-
An expected jump in Iranian oil production from 750 wells
Iranian oil received a new impetus as part of government efforts to boost production, in order to reach the target of 5.7 million barrels per day. Iran’s state oil company has awarded contracts worth $500 million to local companies to revive low-production oil wells in the country, according to the Iranian news agency Mehr. This…
-
Guyana’s oil export revenues could jump to 31% in 2023
Guyana’s oil export revenues are expected to rise by 31% to $1.63 billion in the current year (2023), according to government estimates. Finance Minister Ashni Singh said on Monday (January 16) that this forecast is mainly due to increased production from the addition of a third production facility towards the end of the year, according…