Category: Petroleum Prices
-
Crude oil prices rise by more than 2.5%… and Brent exceeds $77 – (Update)
Crude oil prices rose by more than 2.5%, at the end of trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses incurred during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3…
-
Crude oil prices are rising… and Brent is near $76
Crude oil prices rose, during trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses they suffered during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3 consecutive weeks for the first time…
-
Crude oil prices fall by more than 5%.. and Brent is less than $76 – (Update)
Crude oil prices deepened their decline by more than 5%, at the end of today, Tuesday, May 2 (2023), in light of expectations of an increase in US interest rates, and weak economic data from China. Brent and West Texas Intermediate crude prices fell for the third consecutive session, with expectations of a decline in…
-
Crude oil prices deepen their losses by more than 4%… and Brent is below $73 – (update)
Crude oil prices deepened their losses to more than 4%, at the end of trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investor concerns about a global economic recession, after the Federal Reserve raised interest rates by a quarter of a percentage point. Crude oil…
-
Crude oil prices fall in a volatile session… and Brent is above $72 – (Update)
Crude oil prices varied, at the end of trading today, Thursday, May 4 (2023), as US West Texas crude fell, while Brent crude rose above $ 72, in an attempt to compensate for losses that amounted to more than 9% during the previous 3 sessions. This comes as demand concerns among major consumers outweighed signs…
-
Saudi Aramco lowers its oil selling prices to Asia in June
Saudi Aramco announced the official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of June 2023. The company decided to lower the official Saudi oil selling prices for Arab Light crude to Asia by 25 US cents to $2.55 per barrel, above…
-
Crude oil prices jump by more than 4% … and record weekly losses – (update)
Oil prices extended their gains to more than 4%, at the end of trading today, Friday, May 5 (2023), but recorded weekly losses for the third time in a row. This comes after the markets witnessed a significant decline amid fears of the economic impact of higher interest rates and slowing Chinese demand. Oil drilling…
-
Crude oil prices rise 1%, and Brent is above $73
Crude oil prices rose more than 1% during trading today, Friday, May 5 (2023), but they are preparing to record weekly losses for the third time in a row. This comes after the markets witnessed a significant drop amid fears of a weak US economy and slowing Chinese demand. Crude oil prices today By 06:51…
-
A report expects oil prices to rise to $105.. When will this happen?
Oil prices witnessed another decline over the past weeks, as they are currently trading below $75 per barrel. This came in the wake of the recent rise that pushed Brent crude prices above $85 a barrel, following the sudden voluntary production cuts announced by members of the OPEC+ alliance in early April 2023, which will…
-
Fuel prices in Egypt… 3 reasons prompted the government to increase “diesel”
Starting today, Thursday, May 4 (2023), fuel prices in Egypt witnessed a new increase in the price of “diesel” fuel, with the prices of gasoline and other oil derivatives being fixed. The increase in diesel prices in Egypt, which was approved late yesterday evening, Wednesday, May 3, came about two months after the largest increase…
