Tag: barrel
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The global price of a barrel of oil rises 1%… and Brent crude is near $81 – (update)
The price of a barrel of oil rose globally by more than 1% at the end of the day, Monday, February 6 (2023), after declining significantly during the past week, to its lowest level in 3 weeks. Oil prices fell by 8% over the past week, with increasing fears that slowing growth in major economies…
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Expectations that the price of a barrel of oil will return to $100 in 2023
Read in this article OPEC+ and OPEC do not publish oil price forecasts and do not have a price target Officials and ministers from OPEC and OPEC+ are often reluctant to formally discuss price direction Oil may rebound to around $100 in the second half of the year The OPEC+ alliance is likely to maintain…
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The price of a barrel of Kuwaiti oil confuses the new budget of the Petroleum Corporation
The budget of the Kuwait Petroleum Corporation may witness a change during the new fiscal year (2023-2024), after the decline in the price of a Kuwaiti oil barrel in the new budget. Sources said that the budget of the Kuwait Petroleum Corporation and its subsidiaries for the next fiscal year, which is scheduled to begin…
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The global price of a barrel of oil rises 1% and records monthly losses – (Update)
The price of a barrel of oil rose globally by more than 1% at the end of trading today, Tuesday, January 31, amid anticipation of the position of central banks regarding raising interest rates, but it recorded monthly losses. This comes with expectations of a recovery in demand from China and despite fears of further…
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The global price of a barrel of oil falls 3% and records strong weekly losses – (update)
The price of a barrel of oil fell globally by more than 3% at the end of trading today, Friday, February 3 (2023), after strong job data in the United States, to record weekly losses for the second time in a row. US jobs data, which came in better than expected, raised concerns that the…
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The global price of a barrel of oil rises 2%… and Brent crude is above $83 (update)
The price of a barrel of oil rose globally by about 2% during trading today, Friday, February 3 (2023), after strong job data in the United States, but it is heading to record weekly losses for the second time in a row. Investors are seeking more clarity on the impending European ban on Russian refined…
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The global price of a barrel of oil has fallen… and Brent crude is below $83 – (Update)
The price of a barrel of oil decreased globally at the end of trading today, Thursday, February 2 (2023), with the rise of the US dollar. Oil prices had risen earlier in the trading, as the OPEC + decision to extend production cuts helped calm fears of oversupply. The global price of a barrel of…
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The global price of a barrel of oil has risen… and Brent crude is above $83
The price of a barrel of oil rose globally, during today’s trading, Thursday, February 2 (2023), trying to compensate for the losses it suffered during the previous session. The decline in the US dollar restored some appetite for risky assets, and the OPEC + decision to extend production cuts helped calm oversupply fears. The global…
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The global price of a barrel of oil falls 3%.. and Brent crude is less than $83 – (update)
The global price of a barrel of oil decreased by more than 3% at the close of trading today, Wednesday, February 1 (2023), with the release of US inventories and the decision of the OPEC + coalition. Oil prices rose in early trading, after data showed signs of slowing inflation in the United States, easing…
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The global price of a barrel of oil has risen… and Brent crude is near $86
The price of a barrel of oil rose globally during trading today, Wednesday, February 1 (2023), amid hopes for a recovery in demand. This comes after signs of slowing inflation in the US eased fears that the world’s largest user of oil could face a recession due to further interest rate hikes, and a weaker…
