Category: Petroleum Prices
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“Energy” re-publishes the oil price forecasts of 10 experts. The vision will be achieved after 4 months
In light of the worsening economic conditions, geopolitical events, and features of oil demand at the end of 2022, forecasting and analyzing oil prices for the year 2023 was a daunting task for analysts and experts. This is due to the difficult scene in the oil markets, as economic crises, recession fears, and challenges facing…
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Crude oil prices extend their losses by 3%.. and Brent is near $73 (update)
Crude oil prices extended their losses to about 3% during trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investors’ concern about a global recession, with the Federal Reserve expected to raise interest rates later in the day. Crude oil prices closed the previous session at…
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Iraqi oil export revenues jump by more than $390 million in April
Iraqi oil export revenues increased by about $392 million during the month of April (2023), compared to the previous month, March. Today, Tuesday, May 2 (2023), the Iraqi Ministry of Oil issued preliminary statistics on the quantities of oil that were exported from the country, and the revenues achieved during the month of April, according…
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Crude oil prices are down 1.5%… Brent is below $80 – (Update)
Crude oil prices fell globally by about 1.5%, at the end of the day, Monday, May 1 (2023), affected by economic tensions related to the prospects of the US Federal Reserve raising interest rates again. Crude prices were also affected by weak Chinese manufacturing data, at a time when the market expects a crisis with…
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Crude oil prices are dropping at the beginning of the week’s trading… and Brent is below $80 a barrel
Crude oil prices fell globally, today, Monday, May 1 (2023), affected by economic tensions related to the prospects of the US Federal Reserve raising interest rates again, and starting to cut OPEC + production. Crude prices were also affected by weak Chinese manufacturing data, at a time when the market expects a crisis with the…
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Gasoline prices in Jordan for the month of May 2023 contradict expectations, with a new increase
Gasoline prices in Jordan for the month of May 2023 witnessed a new rise, contrary to experts’ expectations, while the price of diesel decreased, with kerosene fixed, in conjunction with the decline in global crude oil prices. The rise in fuel prices in Jordan, which is scheduled to start on May 1 (2023) until the…
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Fuel prices in Qatar for the month of May 2023… no new burdens
Fuel prices in Qatar for the month of May 2023 are witnessing a stabilization of gasoline prices again, after the decline in the price of premium gasoline in April. Qatar Energy Company announced, on its official page on the social networking site TwitterToday, Sunday, April 30, 2023, the prices of gasoline and diesel, which are…
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Crude oil prices are down 4%… Brent is below $78 – (Update)
Crude oil prices fell by about 4% at the end of trading today, Wednesday, April 26 (2023), to continue bleeding losses after falling by more than 2% during the previous session, with concerns about demand. This comes as the market evaluated the weak US data that raised fears of a recession in the world’s largest…
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Crude oil prices rise for the second day and record weekly losses – (Update)
Crude oil prices rose by about 3%, at the end of trading today, Friday, April 28 (2023), for the second consecutive session, but recorded losses for the second week in a row. Disappointing US economic data and uncertainty about further interest rate hikes affected the outlook for oil demand, sending prices below $80 a barrel.…
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Saudi Aramco plans to cut oil sales prices to Asia in June (survey)
Saudi Aramco is heading to reduce the official selling prices for Arab crude destined for Asia, during next June, in light of fears of a global economic recession that may affect demand. A survey revealed that the Saudi oil giant, the largest oil exporter in the world, may reduce the price of its main Arab…
