Tag: collapse
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Oil price losses continue.. Saudi Arabia and Algeria warn of market collapse
Oil prices continued their losses for the third day, recording their lowest level in more than a year, on the back of fears of a global economic collapse, in the wake of the bankruptcy of a number of US banks, led by Silicon Valley Bank. The uncertainty in the oil markets – amid US moves…
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A recent report reveals its expectations for oil prices after the collapse of Silicon Valley
The US banking crisis cast a shadow over oil prices, following the collapse of the Silicon Valley bank, during the past few days. And with the worsening situation and increasing fears of an economic recession, crude prices fell during trading today, Wednesday, March 15 (at 07:00 pm Mecca time), by about 6%, and the price…
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Oil analysis after the collapse of the Silicon Valley bank.. Will OPEC + interfere?
Oil analysis shows that the collapse of the Silicon Valley bank left fears in global markets that prices would be affected by the crisis, which could prompt the OPEC + coalition to intervene. These fears, supported by the decline in crude oil prices for two consecutive days, pushed Brent crude to less than $79 a…
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The collapse of Silicon Valley puts pressure on oil prices.. Will they drop to $50?
It seems that the events surrounding Silicon Valley Bank are moving at a rapid pace, and their impact was evident on oil prices during today’s trading, Monday, March 13 (2023). The California-based firm grew to number 16 in the United States, catering to technology companies around the world before a series of failed investment decisions…
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The closure of the largest oil refinery in Pakistan .. and the industry is on the verge of collapse
The largest oil refinery in Pakistan closed its doors for about a week. Due to the unavailability of crude oil, in light of threats of an imminent collapse of the industry. The Kenergico refinery, formerly known as Beco Petroleum, has been shut down and production will resume on February 10; In line with the schedule…
