Tag: highest
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Oil prices rise 2%, recording the highest level in 3 months – (Update)
Oil prices rose by more than 2% at the close of trading today, Monday, July 24 (2023), to record their highest levels in 3 months, after a series of volatile sessions during the past week. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have…
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Russian oil prices to China hit their highest levels in 7 months
Prices of Russian oil shipped to China rose to a seven-month high, amid expectations that Iranian oil will replace imports from Moscow. Russia’s light, sweet Espoo crude, which was loaded at the Pacific port of Kozmino for delivery in August to China, traded at a discount of $4 per barrel to Brent futures on an…
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India’s imports of Russian oil hit the highest level in 10 months
India’s imports of Russian oil rose to a new record high in June 2023, marking the highest level in 10 months, according to energy market research firm Kepler. At the same time, some oil refineries in New Delhi have started paying some shipments in Chinese yuan. The head of the crude analytics sector in the…
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Russian oil leads Asia’s imports to the highest level in 2023
Shipments of Russian oil pushed Asia’s crude imports to a record high in May 2023, in light of the continued growth of purchases by China and India, which are benefiting from attractive discounts offered by Moscow following Western sanctions imposed on it over its war in Ukraine. Asia’s oil imports are expected to rise to…
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Oil revenues in Ghana achieve the highest level in 2022
Ghana’s oil revenues rose to an all-time high in 2022, with the government taking in a total of $1.43 billion. However, oil production in the country declined by 6% on an annual basis to 51.76 million barrels last year, or about 142 thousand barrels per day, according to what was reported by the Public Interest…
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Crude oil prices rise by more than 2%, the highest level since January – (update)
Crude oil prices rose by more than 2% at the end of trading today, Tuesday, April 11 (2023), after a volatile session, to record the highest level since January 2023. This comes after Chinese inflation data indicated continued weak demand, but the dollar fell and expectations that the Federal Reserve will stop tightening its policy…
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China’s oil imports jumped in March to their highest level in 33 months
China’s imports of crude oil jumped during March 2023 to their highest levels since mid-2020, driven by an increase in domestic demand and a recovery in the industrial sector. China’s imports of crude rose to 52.3 million tons, equivalent to 12.3 million barrels per day, during March 2023, according to Reuters. China’s oil imports in…
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Crude oil prices rise for the fourth session, recording the highest level since January – (Update)
Crude oil prices rose at the end of trading today, Tuesday, April 4 (2023), to continue to reap gains for the fourth consecutive session, supported by OPEC + moves aimed at stabilizing the markets. And 9 of the countries of the OPEC + coalition, led by Saudi Arabia, decided to make voluntary production cuts of…
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Türkiye’s imports of Russian diesel rose to their highest levels in 7 years
Turkey’s imports of Russian diesel jumped during March 2023, taking advantage of the cheap prices offered by Moscow in the wake of European sanctions. Flows exceeded 10 million barrels in March, nearly 50% more than in February, enough to meet the country’s demand for at least two weeks, according to information seen by the specialized…
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Crude oil prices rise to the highest level in two weeks – (Update)
Crude oil prices rose, at the end of trading today, Tuesday, March 28 (2023), to record the highest level in two weeks, amid fears of a supply shortage. Crude prices had started their morning trading on a decline due to the focus on the developments of the banking crisis that affected several international banks, and…
