all available information about oil wealth
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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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The UAE may cancel the purchase of a national fuel company affiliated with the Egyptian army (private)
The UAE deal to buy a national fuel company affiliated with the Egyptian army is threatened with failure, especially since negotiations have almost stalled since mid-April (2023), and news has spread about the existence of financial disputes that prevent the completion of the deal. The fuel company came at the top of the list of…
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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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Total Energy complains about the greed of contractors for the LNG project in Mozambique
Total Energy, the world’s leading oil and gas producer, is still seeking to resume the development work of the liquefied natural gas project in Mozambique, amid challenges surrounding costs, after lifting the force majeure status on the project. The French company said it was facing cost disputes with the contractors on the project. This complicated…
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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…
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Crude oil prices rise for the first time in 3 sessions… and Brent is above $78 – (Update)
Crude oil prices rose, at the end of trading today, Thursday, April 27 (2023), in an attempt to reduce the huge losses incurred during the previous two sessions. The major decline in the oil markets was driven by fears of a US recession and an increase in Russian oil exports. This reduced the impact of…