all available information about oil wealth
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The decline in fuel prices in Palestine for the month of March 2023
It is scheduled that fuel prices in Palestine for the month of March (2023) will witness a slight decline, after being fixed during the current month of February. And the Ministry of Finance announced, this evening, Tuesday, February 28, the fuel and gas prices to be applied during the month of March. Fuel prices in…
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Saudi Aramco plans to raise oil selling prices to Asia in April (survey)
Saudi Aramco is moving to raise the official selling prices of oil to its customers in Asia, Europe and America during next April. A Reuters survey, seen by the specialized energy platform, showed that the world’s largest oil exporter may raise the price of Arab Light crude by about $0.4 for April shipments, compared to…
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PetroEcuador completes emergency work on the SOT pipeline
Petro Ecuador (Ecuador’s state oil leader) is close to resuming oil pumping from the “Sot” pipeline, which underwent maintenance and follow-up work in the past due to damage, which prompted the company to temporarily suspend production. The company hopes to raise its oil production after resuming pumping from the “SOT” pipeline, so that it can…
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BP ceases to publish the Statistical Review of World Energy
British oil company BP has decided to end publication of the Statistical Review of World Energy, the most comprehensive and objective collection and analysis of global energy production, consumption and emissions data, free of charge for users. After more than 70 years, the opening of International Energy Week in London – today, Tuesday (February 28,…
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Crude oil prices are falling… and Brent is below $83 – (Update)
Crude oil prices fell, at the end of trading today, Monday, February 27, to record the first drop in 3 consecutive sessions. This comes amid fears of an economic recession, which has offset gains arising from Russia’s plans to deepen oil supply cuts. Crude oil prices today At the end of the session, Brent crude…
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Crude oil prices are falling… and Brent is below $83
Crude oil prices fell, during today’s trading, Monday, February 27, with the rise of the US dollar. This comes amid fears of an economic recession, which has offset gains arising from Russia’s plans to deepen oil supply cuts. Crude oil prices today By 07:22 a.m. GMT (10:22 a.m. Mecca time), the futures prices for benchmark…
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The alliance of Saudi Arabia and Russia prevents the price of oil from falling (article)
Read in this article • The energy crisis and the war in Ukraine led Europe to focus on diversifying energy sources • Oil prices in the global market have risen to a level not seen since 2008 • The increase in energy prices was the main factor for the rise in inflation rates in the…
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Ghana’s ambassador to Egypt for “energy”: We have a lot of oil to discover
Ghana, which is rich in natural resources, faces many financial and regulatory challenges to develop the country’s oil sector and meet the growing needs of citizens. Because of its dependence on the West, the lack of resources and the aging of the necessary infrastructure, in addition to being affected by the recent global energy crisis.…
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Total Energy consolidates its oil discoveries off the coast of Namibia
The French company Total Energy is preparing to launch a multi-well drilling program off the coast of Namibia, to enhance its oil ambitions in the country, after discovering the “Venus-1X” well early last year (2022). The British company, Impact Oil & Gas, one of Total’s partners in the offshore area of Namibia, announced that the…
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US oil and gas companies are competing for the first exploration round in the Gulf of Mexico since 2021
US oil and gas companies are preparing to compete for contracts for the first exploration round in the Gulf of Mexico to be approved by President Joe Biden, after the tours stopped since 2021. The US Department of the Interior has completed the necessary arrangements for holding the new auction to purchase exploration rights in…