all available information about oil wealth
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Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
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Crude oil prices fall 1% on fears of a global economic slowdown – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Tuesday, February 21 (2023), due to fears of a global economic slowdown and a decline in fuel demand. The decline in the price of a barrel of oil globally comes after prices achieved gains at the close of transactions yesterday, Monday,…
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Mixing gasoline with bioethanol in India raises environmental and food concerns
Read in this article • India is striving to reduce energy costs and meet climate commitments • The central government wants sugar mills to produce more ethanol from excess sugar cane • Ethanol produces 20-40% lower carbon dioxide emissions than conventional fuels • Intensive cultivation of sugar cane puts pressure on farmers and the environment…
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Crude oil prices rise by more than 1%.. and Brent is above $83 – (Update)
Crude oil prices rose by more than 1%, in trading today, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today At the end of…
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The energy crisis forces the largest chemical complex in the world to lay off 2,600 workers
The energy crisis, which hit Europe in 2022 against the backdrop of the Russian-Ukrainian war, cast a shadow over the world’s largest chemical complex. The German company, BASF, revealed a plan to cut 2,600 jobs and reduce production in Germany. Europe’s largest chemical producer is preparing for a future without cheap Russian gas, according to…
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Crude oil prices rise 1%, and Brent records 83 dollars
Crude oil prices rose about 1%, during today’s trading, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today By 07:21 AM GMT (10:21 AM…
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The oil pipelines in Ecuador stop after a landslide…and the declaration of force majeure
The oil industry in Ecuador is facing a new turn, which led to the declaration of force majeure on exports and production for a period of nearly two weeks, after a landslide caused the closure of a number of pipelines. Petro Ecuador and the independent pipeline operator OCP decided to suspend operations and transportation through…
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Crude oil prices rise 2%… and Brent is above $82 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, February 23 (2023), to rise for the first time in 7 consecutive sessions, with the release of the inventory report in the United States. Market players are re-evaluating their positions after the US Federal Reserve stoked concerns about the economy by…
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Shadow tankers save Russian oil from Western sanctions.. What are their repercussions?
The shadow tanker fleet has become the subject of increased attention after Western sanctions on Russian oil, in a context that has seen changes in the shipment flow. This fleet consists of a large group of tankers that travel across the world’s oceans secretly without drawing attention, in an attempt to avoid sanctions imposed on…
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7 خبراء لـ”الطاقة”: الغزو الروسي لأوكرانيا أقل تأثيرًا بعد عام.. وهذه توقعات أسعار النفط
عانت أسواق النفط في عام 2022 تبعات الغزو الروسي لأوكرانيا، في ظل تذبذب الأسعار التي وصلت إلى أعلى مستوياتها منذ 14 عامًا، وسط مخاوف من نقص الإمدادات. وأعقب ذلك تحولات جذرية في مجرى شحنات النفط الروسي، الذي كان يُعد بمثابة المصدر الرئيس لواردات أوروبا، في ظل فرض عقوبات غربية على موسكو ردًا على الحرب في…