Category: Petroleum Prices
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The 2023 budget estimates the price of a barrel of Iraqi oil at $70
Iraq’s 2023 budget estimated the price of a barrel of Iraqi oil at $70, amid fears of the impact of stopping exports from the Kurdistan region on the country’s public revenues, as an international court ruling against Turkey halted the flow of 450,000 barrels per day towards the port of Ceyhan. Late yesterday, Sunday, June…
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The global price of a barrel of oil is down 1%, and Brent crude is down $74
The price of a barrel of oil declined globally by about 1% during trading today, Monday, June 12 (2023), for the third consecutive session, amid fears of a decline in demand due to the increase in interest rates in many countries, which indicates a rise in inflation and heralds a global economic recession. This comes…
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The global price of a barrel of oil declined for the first time in 4 consecutive sessions – (Update)
The global price of a barrel of oil returned to decline, at the end of trading today, Tuesday, June 6 (2023), for the first time in 4 consecutive sessions, giving up the gains it achieved during recent trading, at a time when concerns about the global economic recession increased, and the possibility of a decline…
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خبراء لـ”الطاقة”: اجتماع أوبك+ إيجابي.. وأسعار النفط قد ترتفع إلى 90 دولارًا
وصف مجموعة من الخبراء اجتماع أوبك+، المنعقد يوم الأحد 4 يونيو/حزيران (2023)، بأنه مثمر وإيجابي رغم صعوبته، إذ وافقت منظمة البلدان المصدّرة للنفط (أوبك) وحلفاؤها على اتفاق جديد بشأن الإنتاج، وكان قرار السعودية (أكبر منتج في المجموعة) بخفض نحو مليون برميل يوميًا خلال شهر يوليو/تموز وقابلية تجديده، في مقدمة القرارات المعلنة خلال الاجتماع. وكان التحالف…
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The global price of a barrel of oil falls 1.5% and records weekly losses – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Friday, June 9 (2023), after a volatile session, to continue to decline for the second day in a row, which prompted it to record its second weekly loss, amid fears of an economic recession that might…
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Britain requires a drop in oil prices to $71 to stop the exceptional tax
Britain set a condition for falling oil prices in order to stop the exceptional profits tax it imposed last year, which angered a large number of international oil companies, and prompted others to liquidate their business in the North Sea or reduce their activities. The British Finance Ministry said today, Friday, that the sudden British…
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The global price of a barrel of oil falls in a volatile session… and Brent crude is below $76 – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Thursday, June 8 (2023), to return to decline, after it rose in the previous session, supported by fears of a shortage of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per…
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The global price of a barrel of oil is rising… and Brent crude is above $77
The price of a barrel of oil rose globally, during trading today, Thursday, June 8 (2023), to continue to reap gains for the second session in a row, supported by fears of a lack of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per day during next July, which is…
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The global price of a barrel of oil is rising by more than 1%… and Brent crude is near $77 – (update)
The price of a barrel of oil rose globally by more than 1% at the end of trading today, Wednesday, June 7 (2023), in an attempt to compensate for the losses it suffered in the previous session, as fears of a shortage of supplies were overwhelmed after Saudi Arabia, the largest exporter of crude oil,…
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The global price of a barrel of oil is turning higher… and Brent crude is above $77 (update)
The price of a barrel of oil globally turned up by more than 1% during trading today, Wednesday, June 7 (2023), in an attempt to compensate for the losses it suffered in the previous session, as fears of a shortage of supplies were overwhelmed after Saudi Arabia, the largest exporter of crude oil, pledged to…
