Category: Petroleum Prices
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Crude oil prices are down 1%, and Brent is $81
Crude oil prices fell about 1%, during trading today, Friday, March 10 (2023), for the fourth session, heading for its largest weekly loss in 5 weeks. This comes due to fears of the possibility of sharp increases in interest rates in the United States; This leads to slower growth and damage to the demand for…
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Russian oil reduces temptations to China and India amid fierce competition for Espoo crude (report)
Russian companies tended to reduce offers of generous Russian oil discounts offered to China and India, the largest Asian and global economies, amid fierce competition for demand over the past months. Private Indian refineries are competing with their Chinese counterparts for future purchase contracts for Russian Espoo crude for delivery in April (2023), according to…
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Crude oil prices are marginally declining… and Brent is below $83
Crude oil prices declined marginally, today, Thursday, March 9 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. The markets started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in China. Market conditions were dominated by fears that…
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Crude oil prices fall by more than 1%.. and Brent is below $83 – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Wednesday, March 8 (2023), for the second session in a row, amid fears of an economic recession that may affect demand. This comes at a time when data from the Energy Information Administration showed an unexpected drop in US crude oil…
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Crude oil prices are declining… and Brent is near $83
Crude oil prices fell during trading today, Wednesday, March 8 (2023), for the second session in a row, amid fears of an economic recession that may affect demand. This comes at a time when industry data showed an unexpected drop in US crude oil inventories, after the market fell in the previous session, amid fears…
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The Energy Information Administration cuts oil price forecasts in 2023
The US Energy Information Administration cut its oil price forecast in 2023, and cut estimates of US crude production. According to the Short-Term Energy Outlook report for March 2023 – issued today, Tuesday, March 7 – it is expected that the average price of West Texas Intermediate crude oil will record $ 77.10 per barrel…
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Crude oil prices are rising… and “Brent” exceeds $86 a barrel
Crude oil prices rose today, Tuesday, March 7 (2023), with oil industry leaders announcing their concerns about a limited surplus in global markets, and uncertainty about Russian supplies, despite the recovery in demand in China. And global crude prices began a slow rise at the end of yesterday’s sessions, Monday, after volatile sessions that witnessed…
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Crude oil prices rise 1%.. Brent is above $86 – (Update)
Crude oil prices rose by about 1%, at the close of trading today, Monday, March 6 (2023), to surpass Brent crude at $86 per barrel, after a volatile session. Crude prices fell during trading, amid fears of a decline in demand, after China set a lower-than-expected target for economic growth this year at 5%, while…
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Crude oil prices are declining… and Brent is near $85
Crude oil prices fell, during today’s trading, Monday, March 6 (2023), amid fears of a decline in demand. This comes after China set a lower-than-expected target for economic growth this year at 5%, and as investors cautiously await testimony from US Federal Reserve Chairman Jerome Powell this week. Crude oil prices today By 07:46 a.m.…
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Fuel prices in the UAE for the month of March 2023… a new increase
Fuel prices are set to rise in the UAE for next March (2023) again, to continue their rise after the price increase in February. Today, Tuesday, February 28, the prices of gasoline and diesel in the UAE for the month of March 2023 were announced, a decision that citizens and residents usually await on the…
