all available information about oil wealth
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Fuel prices in the UAE for the month of February 2023 are rising again
Fuel prices in the UAE for the month of February 2023 are rising again, after two months of declines. Today, Tuesday, January 31, the prices of gasoline and diesel in the UAE for the month of February 2023 were announced, and it is the decision that citizens and residents await on the last day of…
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Gasoline prices in Jordan for the month of February 2023 witnessed a surprise for citizens
Gasoline prices in Jordan for the month of February (2023) are scheduled to witness a new increase, after a significant decline in fuel prices during the current month. The decline in fuel prices in Jordan in January came as part of the country’s government efforts to control the anger caused by the recent large increase…
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Fears of fuel shortages in France after halting Total Energy shipments
Fears of a fuel shortage have been renewed in France, due to the new nationwide strike today, Tuesday (31 January), against pension reform. As the strike led to a decrease in electricity production and the cessation of deliveries from Total Energy sites, according to information seen by the specialized energy platform, and what was published…
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An expected decline in Saudi oil prices to Asia..Is Russian crude dangerous?
It seems that the competition in the Asian markets will become more difficult, with the spread of news that Saudi oil prices may witness a decline in Asia during the month of March next. Saudi Arabia (the largest oil exporter in the world) may resort to lowering the prices of crude grades to Asia for…
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Mafraq field in the Sultanate of Oman wins a joint operating agreement
The Swedish company Maha Energy announced the signing of a joint operating agreement for Block 70 – which includes the Mafraq oil field – in the Sultanate of Oman, more than a month after the Omani authorities approved the deal. Maha Energy – through its wholly owned subsidiary Maha Energy Oman – concluded the agreement…
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Indonesia’s oil and gas sector is preparing to put up 10 offshore blocks, some of which may excite China
The oil and gas sector in Indonesia is preparing for a recovery in the coming years, amid government plans to launch new offshore blocks, but some of them may raise the sensitivity of China, with which it disputes over the South China Sea. The Indonesian Ministry of Energy is considering offering 10 offshore blocks for…
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Fuel prices in France are nearing a new record high
Fuel prices in France have continued to rise since the beginning of this year (2023), after the end of the discounts offered by the government and Total Energy, amid fears of the repercussions of the labor union strike again on January 31. The data – provided by the French government today, Monday, January 30, and…
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A new escalation threatens to stop Libyan oil production
The Italian Eni deal threatens to return the Libyan oil sector to the square it has suffered from for years due to the closure of ports and fields in light of the lack of political consensus in the country. A state of confusion and skepticism has not stopped since the head of the National Oil…
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An Egyptian company plans to drill 11 wells for oil and gas exploration
The Egyptian Gulf of Suez Petroleum Company “GUPCO” is preparing to start drilling 11 wells for oil and gas exploration, to increase Egypt’s hydrocarbon reserves. Today, Monday, January 30 (2023), Egyptian Minister of Petroleum Tariq El-Molla said, during the approval of the company’s planning budget for the fiscal year (2023-2024), that there is importance to…
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The global price of a barrel of oil has declined… and Brent crude is under $87
Today, Monday, January 30, 2023, the price of a barrel of oil declined globally, giving up its gains at the beginning of trading. Imminent interest rate hikes by major central banks and signs of stronger Russian exports offset rising tensions in the Middle East over a drone attack in Iran and hopes of a boost…