Category: Petroleum Prices
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Oil prices rise 3%.. Brent crude is above $76 – (Update)
Oil prices rose by about 3% at the end of trading today, Wednesday, July 5 (2023), with Saudi Arabia confirming that it will do what is necessary to support the market, indicating the possibility of approving more production cuts. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that…
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Oil prices are falling… and Brent crude is under $76
Oil prices fell during trading today, Wednesday, July 5 (2023), amid fears of a global economic recession that may limit demand. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that they would extend production cuts until August. And Saudi Arabia announced, on Monday, July 3, the extension of…
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Oil prices are slowly rising.. Brent crude is above $75
Oil prices rose again, today, Tuesday, July 4 (2023), in the wake of the markets being affected by the announced cuts for the month of August, by the major producers and exporters in the world, led by Saudi Arabia and Russia. Yesterday, Monday, July 3, Saudi Arabia announced that it would extend the additional oil…
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Sources: Fuel prices in Egypt may surprise citizens
It is expected that fuel prices in Egypt for the third quarter of this year (2023) will witness a surprise, amid anticipation in the street for the meeting of the Automatic Pricing Committee for Petroleum Products, after it was surprised by the hike in diesel prices last May. Sources revealed in statements to the specialized…
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Saudi Aramco may cut oil sales prices to Asia in August (Survey)
Saudi Aramco intends to reduce the official selling prices for Arab crude destined for Asia, during next August, in light of continuing fears of a global economic recession that may affect demand. A Reuters poll revealed that the Saudi oil giant, the largest oil exporter in the world, may reduce the price of its main…
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Oil prices record quarterly losses for the fourth time in a row – (Update)
Oil prices rose by more than 1% at the end of trading today, Friday, June 30 (2023), to continue to reap gains for the third consecutive session, supported by hopes for a recovery in demand for crude, but it recorded quarterly losses for the fourth time in a row. Oil markets achieved their first monthly…
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What is the relationship between oil prices and stocks and reserves? Is it affected by the American filling? (a report)
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that oil prices are affected by commercial oil stocks, as a decrease in stock raises prices, and a high stock lowers them, but there are other factors. This came during an episode of “Energy humanitiesAl-Hajji presented it on Twitter, under the heading “Reserves, Stockpiles,…
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Fuel prices in the UAE for the month of July 2023 are rising again
Fuel prices in the UAE for the month of July 2023 witnessed an increase, after they had decreased in June, at a time when oil prices were trading near $ 75 a barrel. The Gulf state had reduced gasoline prices by about 21 fils per liter in June, while diesel prices were reduced by about…
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Fuel prices in Qatar for the month of July 2023
Fuel prices in Qatar for the month of July 2023 witnessed a stabilization of both types of gasoline and diesel, for the third month in a row, after it had moved the price of premium gasoline for the first time in a year, last April. Today, Friday, June 30 (2023), Qatar Energy Company announced, on…
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Gasoline prices in Jordan for the month of July 2023 recorded a new decline
Gasoline prices in Jordan for the month of July 2023 witnessed a new decline, after they fell for the fifth time this year, in June. The government in Jordan had reduced the prices of gasoline of all kinds during the past month, in addition to reducing the prices of diesel (diesel), with values that ranged…
