Tag: gains
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Oil prices rise 2%, recording weekly gains – (Update)
Oil prices rose by 2% at the end of trading today, Friday, July 21 (2023), to achieve gains for the fourth consecutive week, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in…
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Oil prices decline 2% … and record weekly gains – (Update)
Oil prices fell by about 2%, at the end of trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it achieved its third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply…
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The global price of a barrel of oil rises by more than 1.5% and records weekly gains – (Update)
The global price of a barrel of oil rose by more than 1.5%, at the close of trading today, Friday, June 16 (2023), amid hopes for a recovery in demand in China, the largest importer of crude in the world. It is expected that the weekly oil market losses will stop, after declining for two…
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Crude oil prices continue their gains, and Brent crude is above $75 a barrel
Crude oil prices rose today, Friday, June 2, to continue the gains achieved in the previous session; The approval of raising the US debt ceiling, and the possibility of the Federal Reserve stopping raising interest rates contributed to calming market concerns, in addition to the possibility of reducing OPEC + production during the weekend, which…
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Crude oil prices rise by more than 1%, recording weekly gains – (Update)
Crude oil prices rose by more than 1%, at the close of trading today, Friday, May 26, 2023, in light of the uncertainty about demand and the possibility of OPEC + heading to cut production. Conflicting messages from major OPEC+ producers regarding upcoming moves in oil policy in recent days have made it difficult to…
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Oil production in Guyana generates $6 billion in gains for the ExxonMobil alliance
The ExxonMobil-led consortium generated US$5.8 billion in profits in 2022 from oil production in Guyana. The disclosure of the profits of the alliance – which includes Exxon Mobil, Hess and Sinooc – came in light of the legal dispute over the breach of insurance obligations against oil spill risks. It is also the first disclosure…
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Crude oil prices are falling…and recording weekly gains – (Update)
Crude oil prices fell, at the end of trading today, Friday, May 19 (2023), but achieved the first weekly gain in 5 weeks. Crude prices had risen earlier in the day, as investors were cautiously optimistic about the fading risks of defaulting on US debt, but it seems that the results of the talks that…
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Crude oil prices rise and record gains for the third week in a row – (Update)
Crude oil prices rose at the end of trading today, Thursday, April 6 (2023), recording a third consecutive weekly gain. Fears of a supply shortage in light of the production cuts targeted by the OPEC + alliance and the decline in US oil stocks overshadowed concerns about the decline in global economic growth. Baker Hughes…
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Crude oil prices fall by more than 1% and record weekly gains – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, March 24, 2023, for the second day in a row, amid expectations of a possible surplus in supply, but they are achieving weekly gains. This came after US Energy Secretary Jennifer Granholm said that refilling the country’s strategic oil reserves…
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Crude oil prices rise 2% and record weekly gains – (Update)
Crude oil prices rose at the end of trading today, Friday, March 3 (2023), to achieve weekly gains, with Brent crude rising near $86 a barrel. The recovery of factory activity in China, the world’s largest oil importer, offset growing concerns about rising US crude inventories and the possibility of interest rate increases in Europe.…
