Tag: rising
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Crude oil prices are rising… and Brent is above $75
Crude oil prices rose, during today’s trading, Monday, March 27 (2023); Investors seek signs of stability in the financial markets. Prices were also supported by comments from Russian President Vladimir Putin over the weekend; This exacerbated geopolitical tensions in Europe, which raised fears of a supply shortage. Crude oil prices today By 07:57 a.m. GMT…
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Crude oil prices are rising… and “Brent” exceeds $86 a barrel
Crude oil prices rose today, Tuesday, March 7 (2023), with oil industry leaders announcing their concerns about a limited surplus in global markets, and uncertainty about Russian supplies, despite the recovery in demand in China. And global crude prices began a slow rise at the end of yesterday’s sessions, Monday, after volatile sessions that witnessed…
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The price of Iranian oil is rising to Asia, in the footsteps of Saudi Arabia
Today, Tuesday, February 21 (2023), Tehran announced that it has raised the price of Iranian light crude oil, for next March shipments, to its customers in Asia, by 20 cents, similar to Saudi Arabia. The National Oil Company has set the official selling price for Iranian light grade oil to Asian buyers at $2 a…
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Crude oil prices are rising… and Brent is near $84
Crude oil prices rose, during trading today, Monday, February 20 (2023), amid optimism about the recovery of demand in China. And it supported fears that a lack of investment would impede oil supply in the future, with the main producers continuing to impose production restrictions. Crude oil prices today By 07:10 am GMT (10:10 am…
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose, during today’s trading, Thursday, February 16 (2023), amid hopes for an increase in demand. The rally comes after two days of decline; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of the dollar and the increase in…
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Crude oil prices are rising… and US crude exceeds $80 – (Update)
Crude oil prices turned upward, at the end of today’s trading, Monday, February 13 (2023), with fears of supply shortages and amid a decline in the US dollar. Crude prices fell in early trading as investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the United…
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Crude oil prices are rising… and Brent is above $85
Crude oil prices rose marginally, during today’s trading, Thursday, February 9 (2023), amid hopes for a recovery in demand. Optimism about a recovery in Chinese demand was offset by fears of weaker activity in the US, after inventories hit a 19-month high. Crude oil prices today By 07:29 a.m. GMT (10:29 a.m. Mecca time), the…
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Oil prices are rising… and Brent crude is near $84
Oil prices rose marginally during trading today, Wednesday, February 8 (2023), amid limited movements in the price of the US dollar. This comes as investors await more data on US oil inventories to get more clues on demand trends. Oil prices today By 07:31 a.m. GMT (10:31 a.m. Mecca time), the price of benchmark Brent…
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Fuel prices in the UAE for the month of February 2023 are rising again
Fuel prices in the UAE for the month of February 2023 are rising again, after two months of declines. Today, Tuesday, January 31, the prices of gasoline and diesel in the UAE for the month of February 2023 were announced, and it is the decision that citizens and residents await on the last day of…