Tag: Expectations
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Expectations of a rise in oil prices above $ 90 .. A survey of the “energy”
Most of the readers of the specialized energy platform expect oil prices to rise above the $90 per barrel barrier in the coming weeks, supported by the OPEC+ countries’ moves to cut production. The markets are facing a shortage of supplies, during the coming period, after Saudi Arabia announced the extension of the voluntary cut…
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Saudi oil exports to China exceed expectations and rise 12%
Saudi oil exports to China exceeded expectations last June, registering an increase of 12% compared to May 2023. Total Saudi oil shipments to China amounted to about 7.92 million metric tons last month, or 1.93 million barrels per day, according to data seen by the specialized energy platform. The amount of Saudi oil exports to…
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A report lowers oil price expectations in 2023, despite Saudi Arabia’s decision
The US Energy Information Administration lowered its oil price forecast in 2023 slightly, and cut its estimates for crude production in the United States during the same year. The Short-Term Energy Outlook report for July 2023, issued today, Tuesday (July 11), predicted that the average price of West Texas Intermediate crude would reach $74.43 per…
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President of BP Oman: We need a balance between energy sources.. These are my expectations for the share of oil and gas
The head of the British Oil Company in the Sultanate of Oman, BP Oman, Eng. Youssef Al-Ajili, pledged to continue providing global energy supplies in a safe and affordable manner despite the changes and the gradual abandonment of a number of companies from the fossil fuel industry. Al-Ajili expected that oil and gas would continue…
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Saudi Aramco violates expectations and raises oil selling prices
Saudi Aramco announced the official prices for the sale of shipments of Arab Light crude during the coming month of August (2023), to its customers in Asia, Europe and the United States. The company decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by 20 US…
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Experts for “energy”: OPEC + may cause a surprise … and these are the expectations of oil prices in 2023
Read in this article The OPEC + alliance will continue its production policy during its next meeting Coalition decisions cannot be predicted. The oil market is waiting for any surprise Further voluntary cuts by 9 countries are likely to become mandatory Oil prices are risky in the near term The eyes of the oil markets…
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Lowering oil price expectations to $95 at this date (report)
Swiss investment bank UBS has lowered its oil price forecasts from the second half of 2023 to the first quarter of next year (2024). The investment bank expected more withdrawals from the strategic oil reserves in light of the additional voluntary production cut announced by several OPEC+ countries, with increasing demand during the summer. The…
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Gasoline prices in Jordan for the month of May 2023 contradict expectations, with a new increase
Gasoline prices in Jordan for the month of May 2023 witnessed a new rise, contrary to experts’ expectations, while the price of diesel decreased, with kerosene fixed, in conjunction with the decline in global crude oil prices. The rise in fuel prices in Jordan, which is scheduled to start on May 1 (2023) until the…
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Expectations of a decrease in gasoline prices in Jordan for the month of April 2023
Gasoline prices in Jordan for the month of April 2023, to be announced next Friday, are expected to witness a limited decline. Expectations of a decline in fuel prices in Jordan come against the background of the significant drop in oil prices this month, which fell to their lowest levels in 15 months due to…
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A new report reveals expectations for oil prices until 2024
Goldman Sachs cut oil price expectations, whether during the next 12 months, or until the end of 2024, despite the recovery in Chinese demand for crude in the wake of the recovery from the repercussions of the Corona pandemic. It seems that the increase in Chinese demand had less impact on the expectations of crude…
