Tag: record
-
Saudi Arabia’s imports of Russian diesel recorded a record jump
Saudi Arabia’s imports of Russian diesel reached a record level in May (2023), benefiting from the discounts offered by Moscow, after the European Union banned Russian exports of seaborne oil products on February 5 of this year, as part of a series of Sanctions in response to the war in Ukraine, which aim to reduce…
-
Crude oil prices fall by more than 1% and record losses for the fourth week – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, May 12 (2023), for the third session in a row, to record its fourth weekly loss. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil…
-
Officially.. Aramco’s business results in the first quarter of 2023 record profits of $31.8 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to the experts’ forecast of $31.2 billion. Although it; Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net income of…
-
Aramco’s business results in the first quarter of 2023 record profits of $31.88 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to experts’ expectations, which it set at $31.2 billion. Despite this, Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net…
-
Crude oil prices jump by more than 4% … and record weekly losses – (update)
Oil prices extended their gains to more than 4%, at the end of trading today, Friday, May 5 (2023), but recorded weekly losses for the third time in a row. This comes after the markets witnessed a significant decline amid fears of the economic impact of higher interest rates and slowing Chinese demand. Oil drilling…
-
Crude oil prices rise for the second day and record weekly losses – (Update)
Crude oil prices rose by about 3%, at the end of trading today, Friday, April 28 (2023), for the second consecutive session, but recorded losses for the second week in a row. Disappointing US economic data and uncertainty about further interest rate hikes affected the outlook for oil demand, sending prices below $80 a barrel.…
-
Crude oil prices rise and record gains for the third week in a row – (Update)
Crude oil prices rose at the end of trading today, Thursday, April 6 (2023), recording a third consecutive weekly gain. Fears of a supply shortage in light of the production cuts targeted by the OPEC + alliance and the decline in US oil stocks overshadowed concerns about the decline in global economic growth. Baker Hughes…
-
Crude oil prices rise 2%… and record monthly and quarterly losses – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Friday, March 31 (2023), with fears of supply shortages, but they recorded monthly and quarterly losses. The markets had started Asian trading on the decline with the return of fears of a global recession affecting demand. Baker Hughes data showed that the…
-
Crude oil prices fall by more than 1% and record weekly gains – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, March 24, 2023, for the second day in a row, amid expectations of a possible surplus in supply, but they are achieving weekly gains. This came after US Energy Secretary Jennifer Granholm said that refilling the country’s strategic oil reserves…
-
Oil storage in Fujairah records record levels with the flow of Russian barrels
The demand for oil storage in Fujairah increased, in conjunction with the change in the movement of crude trade after Western sanctions against Moscow, which diverted the path of Russian barrels towards the Middle East and Asia. It is expected that the demand for oil storage and transit volumes in the port of Fujairah –…