Tag: oil
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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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The Sultanate of Oman invites Chinese companies to invest in oil and hydrogen production
The Sultanate of Oman is preparing to enhance opportunities for cooperation and economic partnership in the energy and mineral sectors with China, especially in the field of oil production. An Omani delegation visiting Beijing is currently discussing opportunities to increase the participation of Chinese companies in production, exploration and refining operations, as well as investing…
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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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Namibia plans to acquire minority stakes in the oil and mining sectors
Namibia is accelerating its oil exploration and mining activities in an effort to enhance its production from these two vital sectors that have huge potential, and then the possibility of relying on them to enhance the national income of the state, after they have been untapped for many years, and this requires concerted efforts to…
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Oil prices are turning lower… and Brent crude is below $77 (update)
Crude oil prices turned down again, after they had risen in the beginning of today’s trading, Monday, May 29, 2023, supported by US President Joe Biden and House Speaker Kevin McCarthy reaching a preliminary agreement on the debt ceiling in the United States, which would To protect the country with the largest economy in the…
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Russian oil leads Asia’s imports to the highest level in 2023
Shipments of Russian oil pushed Asia’s crude imports to a record high in May 2023, in light of the continued growth of purchases by China and India, which are benefiting from attractive discounts offered by Moscow following Western sanctions imposed on it over its war in Ukraine. Asia’s oil imports are expected to rise to…
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Crude oil prices rise with the support of the “debt deal”… and Brent exceeds $77
Crude oil prices rose today, Monday, May 29, 2023, after US President Joe Biden and House Speaker Kevin McCarthy reached a preliminary agreement on the debt ceiling in the United States, which would protect the country with the largest economy in the world and the largest consumer. oil globally, from faltering. Although benchmark Brent crude…
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Developments of the Oil and Gas Sector in Iran within the Seventh Development Plan (Article)
Read in this article • The plan aims primarily to address the biggest economic problems facing the country • The Sixth Development Plan faced major challenges in the petroleum industry • The policies of the Seventh Development Plan do not provide a clear pattern of development and transformation in the oil and energy sector •…
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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 fall by more than 3%.. Brent is below $77 a barrel – (Update)
Crude oil prices fell by more than 3%, at the end of trading today, Thursday, May 25, 2023, in light of the uncertainty about whether the United States will avoid debt default, and possible OPEC + cuts. House Speaker Kevin McCarthy said, today, Thursday, May 25, that the negotiations witnessed some progress, but many issues…