Category: Petroleum Prices
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SOCAR of Azerbaijan: Oil prices are currently suitable for planning.. and this is our actual production volume
Read in this article Prices are currently significantly lower than the peak in 2022 Some members of the OPEC+ coalition agreement extended voluntary production cuts until the end of 2024 Saudi Arabia proposed extending the latest cut of 1 million barrels per day beyond July The Caspian Pipeline Alliance accounts for 80% of Kazakhstan’s exports…
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Oil prices decline for the second session and record weekly losses – (Update)
Oil prices fell, at the end of trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that might limit demand. Oil markets recorded a weekly decline of about 4%, with a higher-than-expected rate hike in Britain and warnings of looming increases…
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Oil prices are falling for the second day, and Brent crude is below $74
Oil prices fell, during trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that may limit demand. Oil markets are heading for a weekly decline of more than 3%, with a higher-than-expected rise in interest rates in Britain and warnings of…
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The global price of a barrel of oil is falling… and Brent crude is below $76 – (update)
The global price of a barrel of oil declined by about 2%, at the end of today, Tuesday, June 20 (2023), after China cut interest rates on lending by a less than expected percentage, which raised concerns about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices…
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The global price of a barrel of oil rises 2%… and Brent crude is above $77 – (update)
The price of a barrel of oil rose globally by about 2% at the end of trading today, Wednesday, June 21 (2023), in an attempt to compensate for the losses it suffered during the previous two sessions. And oil prices received support from the statements of the Federal Reserve Chairman, the possibility of adopting more…
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The global price of a barrel of oil is rising… and Brent crude is above $76
The price of a barrel of oil rose globally during trading today, Wednesday, June 21 (2023), in an attempt to compensate for the losses it suffered during the previous two sessions. Expectations that the head of the Federal Reserve will present a plan to revive the economy, confront inflation, and the possibility of a decline…
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Diesel prices in the United States continue to decline, and an important role for Middle Eastern exports
Diesel prices in the United States continued their continuous decline since the beginning of this year (2023), to record levels lower than the numbers recorded before the Russian-Ukrainian war. Low-sulphur diesel futures prices have been in continuous decline since January 2023, through May 2023, when the average price fell $0.50 a gallon below February 2022…
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The global price of a barrel of oil is declining… and Brent crude is below $76
The price of a barrel of oil fell globally, today, Tuesday, June 20 (2023), after China cut interest rates on lending by less than expected, which increased concern about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices closed down on Monday, driven by concerns about the…
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Iran’s oil price to Asia rises 40 cents in July
The price of Iranian oil destined for Asia is scheduled to rise, during next July, by about 40 cents compared to the current month of June, at a value that is 5 cents lower than the prices of Saudi Aramco shipments during the next month. And the National Iranian Oil Company announced the official selling…
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The global price of a barrel of oil is declining… and Brent crude is near $76
The price of a barrel of oil declined globally, during trading today, Monday, giving up some of the gains it achieved last week, amid fears of an economic recession. Questions about China’s economy overshadowed the OPEC+ production cuts, and the seventh consecutive decline in the number of oil and gas rigs operating in the United…
