all available information about oil wealth
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Crude oil prices fall by more than 3%.. and Brent is below $81 – (update)
Crude oil prices fell by more than 3% at the end of their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand, so that US crude continued to decline for the sixth session in a row. This comes amid expectations that the US Federal Reserve will continue to raise interest…
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Gasoline price forecasts in Jordan for March 2023
6 days separate us from the announcement of gasoline prices in Jordan for the month of March 2023, which is the decision that citizens await on the last day of each month. Fuel prices in Jordan are among the highest in the Arab countries, as the Kingdom’s government is keen to apply global oil derivatives…
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Crude oil prices are falling… and Brent is below $83
Crude oil prices fell during their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand. This comes amid expectations that the US Federal Reserve will continue to raise interest rates, which raises fears of a decline in global economic growth. Crude oil prices today By 07:21 a.m. GMT (10:21 a.m.…
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The price of Iranian oil is rising to Asia, in the footsteps of Saudi Arabia
Today, Tuesday, February 21 (2023), Tehran announced that it has raised the price of Iranian light crude oil, for next March shipments, to its customers in Asia, by 20 cents, similar to Saudi Arabia. The National Oil Company has set the official selling price for Iranian light grade oil to Asian buyers at $2 a…
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Algeria is studying a deal to export oil and gas to Jordan
Algeria is considering exporting oil and gas to Jordan, to secure part of its needs, with the growing demand for fuel locally. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said, during his meeting with a Jordanian parliamentary delegation: that his country is serious about studying the possibility of supplying Jordan…
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Indian fuel oil is on its way to Bangladesh soon
Indian fuel oil is preparing to flow into the crisis-ridden neighbor Bangladesh, which suffers from its poor ability to buy more liquefied gas due to the ignition of its global prices. And the Bangladeshi BBC announced its readiness to receive Indian fuel used in electricity generation through a pipeline linking it to India, according to…
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Iraq aims to achieve revenues of $300 billion from developing border oil fields
Iraq aims to achieve revenues of about 300 billion dollars as a result of the development of border oil fields, whose contracts were signed today, Tuesday, with a number of oil companies. The signing of contracts for 6 projects in the governorates of Basra and Diyala comes as part of Iraq’s plans to increase production…
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Crude oil prices are down 1.1% on fears of a global economic slowdown
Crude oil prices fell, during today’s trading, Tuesday, February 21 (2023), by 1.1%, due to fears of a slowdown in the global economy and a decline in fuel demand. The decline in the price of a barrel of oil globally comes hours after prices achieved gains at the close of transactions yesterday, Monday, February 20,…
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Revenues from Saudi oil exports rose 11% in December
Saudi oil export revenues increased, during last December, on an annual basis, supported by the rise in oil prices and the increase in exports compared to the same period in 2021. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues increased, in December, by approximately 11.1%, compared…
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Crude oil prices are rising… and Brent is near $84
Crude oil prices rose, during trading today, Monday, February 20 (2023), amid optimism about the recovery of demand in China. And it supported fears that a lack of investment would impede oil supply in the future, with the main producers continuing to impose production restrictions. Crude oil prices today By 07:10 am GMT (10:10 am…