all available information about oil wealth
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Kurdistan’s oil exports to Turkey have stopped despite the passage of more than a month.. What is the reason?
Kurdistan’s oil exports from northern Iraq to Turkey are still suspended, despite the passage of more than a month since the cessation of flows from Kirkuk to the port of Ceyhan. Iraqi sources revealed the reasons for the delay in resuming the export of Iraqi oil from the Turkish port of Ceyhan on the Mediterranean,…
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Total Energy’s business results in the first quarter of 2023 are declining significantly
The results of Total Energy’s business in the first quarter of 2023 showed a significant decline, which the French energy company attributed to the recent decline in oil and gas prices. Adjusted net income decreased by 27% year-on-year; To record $6.541 billion, compared to $8.977 billion in the first quarter of 2022. Net cash flow…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
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Crude oil prices are rising… and Brent is near $78
Crude oil prices rose slightly, during today’s trading, 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 OPEC+ production…
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خبراء يتحدثون لـ”الطاقة” عن سبب انخفاض أسعار النفط وهل فشلت خطة أوبك+؟
بعد مضي أسابيع من قرار السعودية و8 دول في تحالف أوبك+ خفضًا طوعيًا في الإنتاج، بدءًا من مايو/أيار المقبل، شهدت أسعار النفط تراجعًا ملحوظًا وباتت تحوم حول 82 دولارًا للبرميل. وبناءً عليه، أشارت بعض التقارير إلى أن الهدف الرئيس من قرار بعض أكبر منتجي النفط في العالم هو ارتفاع الأسعار، ويبدو أن قرار التحالف المفاجئ…
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Oil revenues in Ghana achieve the highest level in 2022
Ghana’s oil revenues rose to an all-time high in 2022, with the government taking in a total of $1.43 billion. However, oil production in the country declined by 6% on an annual basis to 51.76 million barrels last year, or about 142 thousand barrels per day, according to what was reported by the Public Interest…
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Savannah Energy and ExxonMobil cause a diplomatic crisis between Chad and Cameroon
The British company Savannah Energy and the American Exxon Mobil caused a diplomatic crisis between Chad and Cameroon, due to a controversial acquisition deal between the companies and officials of the two countries. And the Chadian government announced the recall of its ambassador to Cameroon, claiming that officials from the neighboring country interfered in its…
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Two oil discoveries in less than 24 hours in Guyana and the Gulf of Mexico
The oil sector in Guyana and the Gulf of Mexico witnessed the announcement of two new oil discoveries by the leading American Hess Corp., and the German Wintershall Dea. And Hess Corp announced a new oil discovery in the “Lancet Fish 1” area in the Stabroek block off the coast of the small Latin state…
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Crude oil prices are rising… and Brent is near $81
Crude oil prices rose marginally during trading on Wednesday, April 26 (2023), in an attempt to reduce bleeding losses, after falling by more than 2% in the previous session. Reports of declining crude oil and fuel inventories in the United States have refocused investors on strong demand in the world’s largest oil consumer. Crude oil…
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Crude oil prices fall by more than 2%… and Brent is below $81 – (update)
Crude oil prices fell by more than 2% at the end of trading today, Tuesday, April 25 (2023), after two sessions of gains. This comes with uncertainty about the global economic outlook and a rising US dollar, which outweighed investor optimism about demand in China and expectations of lower US oil inventories. Crude oil prices…