all available information about oil wealth
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Crude oil prices are declining… and Brent is near $84
Crude oil prices fell from the highest level in two weeks today, Thursday, March 3 (2023), after the rise in US inventories, which raises concerns about demand. The markets had traded higher, in an attempt to extend the gains from the previous two sessions, amid indications of a strong economic recovery in China, the world’s…
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Fuel prices in Sudan for the month of March 2023 are declining
Fuel prices in Sudan for the month of March 2023 are scheduled to witness a decline in the price of gasoline and diesel. Today, Wednesday, March 1, the Ministry of Energy and Oil announced the reduction of gasoline prices in Sudan by about 27 Sudanese pounds ($0.046) per liter, and diesel by 28 Sudanese pounds…
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South Korea plans to win the Al-Zour petrochemical complex project in Kuwait
South Korean companies are competing to implement the Al-Zour Petrochemical Complex project in Kuwait, whose investments are estimated at about $10 billion. In this context, the South Korean government sent a team to support its companies winning contracts to build the huge petrochemical complex in Kuwait, according to data seen by the specialized energy platform.…
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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…