Tag: Crude
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Crude oil prices are rising… and US crude exceeds $80 – (Update)
Crude oil prices turned upward, at the end of today’s trading, Monday, February 13 (2023), with fears of supply shortages and amid a decline in the US dollar. Crude prices fell in early trading as investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the United…
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Crude oil prices are down 1%.. and Brent is under $86
Crude oil prices fell about 1%, during today’s trading, Monday, February 13 (2023), amid fears of an economic recession. Investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the US. Crude oil prices today By 07:33 a.m. GMT (10:33 a.m. Mecca time), benchmark Brent crude futures…
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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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Crude oil prices rise by more than 2% and record weekly gains – (Update)
Crude oil prices rose by more than 2%, at the end of today’s trading, Friday, February 10 (2023), to achieve weekly gains. This came with Russia’s announcement of plans to cut oil production next month after the West imposed ceilings on oil prices and petroleum products in the country. Crude oil prices began their trading…
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Crude oil prices fall in a volatile session… and Brent is below $85 – (Update)
Crude oil prices fell for the first time in 4 consecutive sessions at the end of trading today, Thursday, February 9 (2023), with concerns about demand in America. Crude prices witnessed a volatile session; Optimism about a recovery in Chinese demand was offset by concerns about weak economic activity in the US, after inventories hit…
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Crude oil prices are rising… and Brent is above $85
Crude oil prices rose marginally, during today’s trading, Thursday, February 9 (2023), amid hopes for a recovery in demand. Optimism about a recovery in Chinese demand was offset by fears of weaker activity in the US, after inventories hit a 19-month high. Crude oil prices today By 07:29 a.m. GMT (10:29 a.m. Mecca time), the…
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Oil prices rise by more than 1.5%.. Brent crude is above $85 – (Update)
Oil prices rose by more than 1.5% for the third consecutive session at the end of trading today, Wednesday, February 8 (2023), with optimism about the demand for crude and the decline of the US dollar. This comes despite the rise in oil stocks in the United States for the seventh week in a row,…
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Oil prices are rising… and Brent crude is near $84
Oil prices rose marginally during trading today, Wednesday, February 8 (2023), amid limited movements in the price of the US dollar. This comes as investors await more data on US oil inventories to get more clues on demand trends. Oil prices today By 07:31 a.m. GMT (10:31 a.m. Mecca time), the price of benchmark Brent…
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Oil prices jump 4%… Brent crude is above $83 – (Update)
Global oil prices continued to consolidate their gains by more than 4% at the end of the day, Tuesday, February 7 (2023), supported by optimism about demand in China. Crude prices also received support from concerns about the closure of a major export terminal in Turkey after the country was hit by a devastating earthquake…
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Russia is considering adopting Brent crude prices instead of Urals in accounting for oil companies
Russia is currently studying the adoption of Brent crude prices in the tax accounting of oil-producing companies, in an attempt to compensate for part of the losses incurred due to the European and American sanctions imposed on Russian oil. The Russian government is moving to adopt a new system in imposing taxes on oil producers…