Category: Petroleum Culture
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4 Factors Affecting Oil Market Sentiment in the Short Term (Article)
Read in this article The economic slowdown and concerns about oil demand are back in play. Brent and West Texas Intermediate prices settled at their lowest levels in 7 weeks. America and Britain will join the European Union in banning shipping and maritime services. The market is still awaiting important details of the price ceiling…
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Attempts to ban Russian oil did not raise global prices despite the European Union’s hardening (article)
Read in this article • EU discussions focused on a range of $65-70 per barrel as a maximum • Poland and the Baltic countries saw that the price of 65 dollars per barrel was very generous to Russia • The continued drop in Crude Oil prices last week was somewhat surprising • The OPEC+ alliance…
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Exporting natural gas or petrochemical products… Which is a priority for Iran? (article)
Read in this article • Iran consumes most of the natural gas inside the country in the sectors of fuel, raw materials and injection • Iran exports 70% of the final products of the petrochemical industry and consumes 30% locally • The competition between methanol and LPG will depend on the price of oil in…
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Turkey will not stop buying Russian oil despite the “price ceiling” (article)
Russia’s invasion of Ukraine, and the embargo on Russian energy exports, provided a good opportunity for Turkey to import cheap Russian oil; Moscow sold oil at a huge discount to some Asian countries and Turkey. To reduce the impact of sanctions on its oil exports. In the past 4 decades, Russia has played an important…
