Category: Petroleum Prices
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Experts for “energy”: OPEC + may cause a surprise … and these are the expectations of oil prices in 2023
Read in this article The OPEC + alliance will continue its production policy during its next meeting Coalition decisions cannot be predicted. The oil market is waiting for any surprise Further voluntary cuts by 9 countries are likely to become mandatory Oil prices are risky in the near term The eyes of the oil markets…
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Crude oil prices are rising.. Brent crude is above $73 a barrel
Crude oil prices witnessed a noticeable increase, at the beginning of today’s trading, Thursday, June 1 (2023), after they fell at the end of trading on Wednesday, May 31, supported by the possibility of stopping raising US interest rates, and taking decisive action to prevent default on the US debt, This contributed to the prevailing…
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Fuel prices in the UAE for the month of June 2023 are witnessing a new decline
Fuel prices fell in the UAE for the month of June 2023, after rising slightly during the current month, as the Gulf country approved a decrease in gasoline prices amounting to about 21 fils per liter, while it reduced diesel prices by about 23 fils per liter, compared to the prices of the current month…
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Crude oil prices continue to decline… and Brent is below $74
Crude oil prices continued their losses at the beginning of trading today, Wednesday, May 31 (2023), at a time when concerns increased about the prospects for a slowdown in oil demand from China, the largest oil importer in the world, after the release of weaker-than-expected economic data, in addition to Slow positive progress on agreement…
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Fuel prices in China are witnessing a new increase
The National Development and Reform Commission (NDRC) announced a hike in fuel prices in China, starting at 12:00 am on Wednesday, May 31 in various Chinese regions and cities, as it is scheduled to increase the prices of gasoline and diesel in the domestic market by about 100 and 95 yuan. ($ 14.13 and $…
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Oil prices are turning lower… and Brent crude is below $77 (update)
Crude oil prices turned down again, after they had risen in the beginning of today’s trading, Monday, May 29, 2023, supported by US President Joe Biden and House Speaker Kevin McCarthy reaching a preliminary agreement on the debt ceiling in the United States, which would To protect the country with the largest economy in the…
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Crude oil prices rise with the support of the “debt deal”… and Brent exceeds $77
Crude oil prices rose today, Monday, May 29, 2023, after US President Joe Biden and House Speaker Kevin McCarthy reached a preliminary agreement on the debt ceiling in the United States, which would protect the country with the largest economy in the world and the largest consumer. oil globally, from faltering. Although benchmark Brent crude…
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Sources reveal the fuel price plan in Egypt before an official (private) meeting
The Automatic Pricing Committee for Oil Derivatives is preparing for a meeting to set fuel prices in Egypt, during the first week of next July (2023), a meeting that comes after a few weeks of moving diesel prices alone, which raises speculation about trends. The government towards moving prices again, or not. Informed sources revealed,…
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Will crude oil prices decline in the second half of 2023? Anas Al-Hajji answers
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that crude oil prices raise questions during the second half of this year (2023), with speculation about a further decline. Al-Hajji added – during an episode of the program “Energy humanitiesHe presented it on Twitter with the headline “Energy Markets in the Second Half…
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Crude oil prices fall by more than 3%.. Brent is below $77 a barrel – (Update)
Crude oil prices fell by more than 3%, at the end of trading today, Thursday, May 25, 2023, in light of the uncertainty about whether the United States will avoid debt default, and possible OPEC + cuts. House Speaker Kevin McCarthy said, today, Thursday, May 25, that the negotiations witnessed some progress, but many issues…
