Tag: fall
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Oil prices fall 2%… and Brent crude is below $79 – (update)
Oil prices fell by almost 2% at the close of trading today, Monday, July 17 (2023), to continue bleeding losses for the second session in a row, amid fears of declining demand. Chinese economic data showed slowing growth in the second quarter; What raised concern about demand in the world’s second largest oil consumer, with…
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Crude oil prices fall by more than 3%.. Brent is below $77 a barrel – (Update)
Crude oil prices fell by more than 3%, at the end of trading today, Thursday, May 25, 2023, in light of the uncertainty about whether the United States will avoid debt default, and possible OPEC + cuts. House Speaker Kevin McCarthy said, today, Thursday, May 25, that the negotiations witnessed some progress, but many issues…
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Crude oil prices fall in a volatile session… and Brent is below $75 – (Update)
Crude oil prices fell, at the end of trading today, Tuesday, May 16 (2023), after a volatile session; The impact of weak economic data in China overshadowed the announcement by the United States of its plans to buy huge quantities of crude to fill its strategic reserves. A batch of weaker-than-expected Chinese data indicated that…
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Crude oil prices fall by more than 1% and record losses for the fourth week – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, May 12 (2023), for the third session in a row, to record its fourth weekly loss. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil…
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Crude oil prices fall by more than 2%… and Brent is below $75 – (update)
Crude oil prices fell by more than 2%, at the close of trading today, Thursday, May 11 (2023), with the rise of the US dollar, and amid fears of an economic recession. Crude prices rose during the session, supported by fuel demand data from the United States, the world’s largest oil consumer, which witnessed a…
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Crude oil prices fall by more than 5%.. and Brent is less than $76 – (Update)
Crude oil prices deepened their decline by more than 5%, at the end of today, Tuesday, May 2 (2023), in light of expectations of an increase in US interest rates, and weak economic data from China. Brent and West Texas Intermediate crude prices fell for the third consecutive session, with expectations of a decline in…
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Crude oil prices fall in a volatile session… and Brent is above $72 – (Update)
Crude oil prices varied, at the end of trading today, Thursday, May 4 (2023), as US West Texas crude fell, while Brent crude rose above $ 72, in an attempt to compensate for losses that amounted to more than 9% during the previous 3 sessions. This comes as demand concerns among major consumers outweighed signs…
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Crude oil prices fall by more than 2%… and Brent is below $81 – (update)
Crude oil prices fell by more than 2% at the end of trading today, Tuesday, April 25 (2023), after two sessions of gains. This comes with uncertainty about the global economic outlook and a rising US dollar, which outweighed investor optimism about demand in China and expectations of lower US oil inventories. Crude oil prices…
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Crude oil prices fall by more than 1%.. and Brent is under $85 – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Monday, April 10 (2023), with the rise of the US dollar and fears of increasing interest rates in the United States, following the monthly jobs report. Crude prices rose in early trading, as investors assessed the possibility of tightening supplies after…
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India abolishes exceptional taxes on oil as global prices fall
It seems that the recent decline in oil prices has prompted India to abandon the exceptional taxes imposed on crude producers, and has also made adjustments to taxes on some types of fuel. New Delhi had previously pledged to review the tax rate linked to fluctuations in oil prices in global markets, according to what…
