Tag: fell
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Oil prices fell 1% in a volatile session… and Brent crude is under $75 – (update)
Oil prices fell at the end of trading today, Monday, July 3 (2023), after a volatile session, after rising during trading, amid fears of a supply shortage after Saudi Arabia’s decision to extend the voluntary cut for the month of August. And Saudi Arabia announced the extension of the voluntary cut of one million barrels…
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Revenues from Saudi oil exports fell 23.6% in April
Saudi oil export revenues declined, during last April, on an annual basis, with the decline in average oil prices compared to the same period in 2022. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in April, by 23.6%, compared to the same period in 2022. The…
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Crude oil prices fell by more than 2%, recording the lowest level in 3 weeks – (Update)
Crude oil prices fell by more than 2%, at the end of trading today, Thursday, April 20 (2023), to continue losses for the second day in a row, recording their lowest levels in 3 weeks. This comes amid expectations of an interest rate hike after recent economic data from the US and China failed to…
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Saudi oil export revenues fell by $2.8 billion in February
Saudi oil export revenues declined, during last February, on an annual basis, with the decline in average oil prices compared to the same period in 2022. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in February, by 11.7%, compared to the same period in 2022.…
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Crude oil prices fell by more than 1%… and Brent is above $86 – (update)
Crude oil prices fell by more than 1%, at the end of trading today, Thursday, April 13 (2023), after two sessions of gains, amid fears of declining 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…
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Crude oil prices fell for the first time in 5 sessions… and Brent near $85 – (Update)
Crude oil prices witnessed a difference at the end of the day, Wednesday, April 5 (2023); US crude fell after 4 sessions of gains, pressured by fears of an economic recession that might limit demand, while Brent crude rose near $85 a barrel. Crude prices rose, supported by lower US oil inventories and OPEC’s announcement…
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Crude oil prices fell by more than 3.5%… and Brent is below $84 – (update)
Crude oil prices fell by more than 3.5%, at the close of trading today, Tuesday, March 7 (2023), with increasing concerns about demand for crude, after the statements of the US Federal Reserve Chairman. Federal Reserve Chairman Jerome Powell said the Fed will continue to raise interest rates unless the Fed shows signs of slowing.…
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Crude oil prices fell by more than 2.5%, recording weekly losses – (Update)
Crude oil prices fell by more than 2.5%, at the end of trading today, Friday, February 17 (2023), amid fears of a global recession that might affect demand, to record Brent crude at $83 a barrel. Crude prices recorded weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary…
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Fuel demand in India fell 4.6% in January
Fuel demand in India decreased by 4.6% on a monthly basis in January (2023), to 18.7 million tons (132.77 million barrels). This decline came after it reached the highest level in 9 months during December 2022, affected by a decrease in mobility due to cold weather in parts of the country and a slowdown in…
