all available information about oil wealth
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Anas Al-Hajji: The US oil price may drop to $30 in this case (audio)
Energy platform editorial advisor, energy economist Dr. Anas Al-Hajji, revealed that US oil may be sold at 30 or 40 dollars a barrel, while global oil prices recently reached the level of 80 dollars, but that is in a specific case. Al-Hajji explained – during a new episode of the program “Energy humanitiesEntitled “Oil Quality……
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Energy relations between China and Iran are not a win-win deal for the two countries (article)
Read in this article • Production from the Yadavaran field will start in the first half of 2023 • In recent years, Iran has signed long-term cooperation documents with China and Russia • On the first day of the Iranian President’s visit to China, the two sides signed 20 cooperation documents • The Iranian leadership…
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Chinese refineries are preparing to increase their imports of Russian oil
Chinese refineries continue to receive flows of Russian oil, and Beijing is seeking to increase the pace of those flows in the coming times, through unannounced official moves with representatives of those refineries. The increase in China’s imports of Russian oil reflects Moscow’s success in providing markets that can absorb its crude, instead of Europe,…
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Oil prices fall by more than 1%.. Brent crude is under $86 – (Update)
Oil prices fell globally by more than 1%, at the end of today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stocks. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or…
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Crude oil prices fell by more than 2.5%, recording weekly losses – (Update)
Crude oil prices fell by more than 2.5%, at the end of trading today, Friday, February 17 (2023), amid fears of a global recession that might affect demand, to record Brent crude at $83 a barrel. Crude prices recorded weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary…
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Qatar Energy raises the price of Al-Shaheen crude oil for April delivery
Qatar Energy Company intends to raise the official selling prices for Al-Shaheen crude for next April loading, after it recorded its lowest level in 21 months in March. Qatar is scheduled to increase the future price of Al-Shaheen crude in April by about $1.21, compared to next March shipments. Qatar Energy set the price of…
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Crude oil prices are down 1.5%, and Brent is $84
Crude oil prices fell about 1.5%, during today’s trading, Friday, February 17 (2023), amid fears of a global recession that may affect demand. Oil markets are heading to record weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary policy further to counter inflation, a move that could hurt…
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Crude oil prices are falling for the third consecutive session – (Update)
Crude oil prices fell for the third consecutive session at the end of trading today, Thursday, February 16 (2023), with signs of slowing demand in America. Crude prices had risen during trading; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of…
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Oil revenues and aid from Saudi Arabia and the Gulf states support developing countries (article)
From the rise of oil revenues in the 1970s until now, the Gulf states have provided massive financial aid to countries in economic distress in the Middle East and North Africa region and beyond. The Arab Gulf countries have emerged in the past five decades as one of the largest donors in the world, and…
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Disappointment for the Norwegian company Equinor after drilling a well in the North Sea
The Norwegian company Equinor announced that the results of drilling the appraisal well “16/2-23S” in the North Sea were disappointing. The state-owned company drilled the well 7.5 km east of the Edvard Grieg field and 10 km west of the Johan Sverdrup field in the North Sea, with the semi-submersible drilling rig “Debsey Stavanger” of…