Tag: declining
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The global price of a barrel of oil is declining… and Brent crude is below $76
The price of a barrel of oil fell globally, today, Tuesday, June 20 (2023), after China cut interest rates on lending by less than expected, which increased concern about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices closed down on Monday, driven by concerns about the…
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The global price of a barrel of oil is declining… and Brent crude is near $76
The price of a barrel of oil declined globally, during trading today, Monday, giving up some of the gains it achieved last week, amid fears of an economic recession. Questions about China’s economy overshadowed the OPEC+ production cuts, and the seventh consecutive decline in the number of oil and gas rigs operating in the United…
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Why are oil prices declining despite the voluntary cuts of some OPEC+ countries? Anas Al-Hajji answers
The editorial advisor of the specialized energy platform, energy economist Dr. Anas Al-Hajji, explained the reasons for the decline in crude oil prices during the recent period, which pushed Brent crude into the seventies. Al-Hajji explained, in a new episode of the program “Energy humanitiesHe presented it on Twitter under the title “Oil Market Surprises……
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Crude oil prices are declining… and Brent is at $77
Crude oil prices fell during today’s trading, Wednesday, May 10 (2023), after 3 sessions of gains. An unexpected rise in US oil inventories raised concerns about demand, and investors await US inflation data to gauge the next rate decision in the largest oil consuming country. Crude oil prices today By 07:07 AM GMT (10:07 AM…
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Total Energy’s business results in the first quarter of 2023 are declining significantly
The results of Total Energy’s business in the first quarter of 2023 showed a significant decline, which the French energy company attributed to the recent decline in oil and gas prices. Adjusted net income decreased by 27% year-on-year; To record $6.541 billion, compared to $8.977 billion in the first quarter of 2022. Net cash flow…
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Crude oil prices are declining… and Brent is near $87
Crude oil prices fell, during today’s trading, Thursday, April 13 (2023), after two sessions of gains, amid fears of a decline in demand. This comes as investors continue to worry about a possible recession in the United States and weak demand for oil, in conjunction with the disclosure of inflation data in America. Crude oil…
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Declining oil inventories and reducing OPEC + production push oil prices towards $100 (report)
A recent report highlighted the decline in oil inventories after a strong build at the start of 2023, which was likely driven by lower demand in January, given the mild weather and production recovering from December’s weather disruptions. The report – issued by the Swiss investment bank “UBS” – stated that February data indicated a…
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Russia’s budget records a deficit of $29 billion, with oil and gas revenues declining
During the first quarter of this year, Russia’s budget recorded a deficit of more than $29 billion, with oil and gas revenues declining. Data from the Ministry of Finance showed that Russia’s federal budget deficit, during the first quarter of 2023, amounted to about 2.4 trillion rubles ($29.52 billion). The data, seen by the specialized…
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Fuel prices in the UAE for the month of April 2023 are declining again
Fuel prices in the UAE are set to decline for the month of April 2023, after rising for two consecutive months. Today, Friday, March 31, the prices of gasoline and diesel in the UAE for the month of April 2023 were announced, a decision that citizens and residents usually await on the last day of…
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Crude oil prices are marginally declining… and Brent is below $83
Crude oil prices declined marginally, today, Thursday, March 9 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. The markets started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in China. Market conditions were dominated by fears that…
