Tag: jump
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Fuel prices in Türkiye jump up after a shocking tax increase
Fuel prices in Turkey have increased in various provinces and major cities, following the publication of the government’s decision to increase the tax on fuel products such as gasoline and diesel. Today, Sunday, July 16 (2023), the Official Gazette published the text of the government’s decision to raise the private use tax on fuel products,…
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OAPEC Secretary General: Arab contribution to oil supplies will jump to 38%
OAPEC Secretary General, Eng. Jamal Issa Al-Loughani, expected the Arab countries’ contribution to global oil supplies to rise to more than 38% by 2050. In a speech obtained by the specialized energy platform, he said that future projections indicate that most of the increase in the world’s energy needs for many decades to come will…
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Rosneft’s business results in the first quarter of 2023 jump in profits by 46%
The results of Russia’s Rosneft business recorded a significant jump in net profits during the first quarter of 2023, despite the internal and global difficulties, as it increased by 45.5% on a quarterly basis to 323 billion rubles (3.9 billion US dollars), which the company attributed mainly to the increase in profits. operational. Total operating…
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Saudi Arabia’s imports of Russian diesel recorded a record jump
Saudi Arabia’s imports of Russian diesel reached a record level in May (2023), benefiting from the discounts offered by Moscow, after the European Union banned Russian exports of seaborne oil products on February 5 of this year, as part of a series of Sanctions in response to the war in Ukraine, which aim to reduce…
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Crude oil prices jump by more than 4% … and record weekly losses – (update)
Oil prices extended their gains to more than 4%, at the end of trading today, Friday, May 5 (2023), but recorded weekly losses for the third time in a row. This comes after the markets witnessed a significant decline amid fears of the economic impact of higher interest rates and slowing Chinese demand. Oil drilling…
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Iraqi oil export revenues jump by more than $390 million in April
Iraqi oil export revenues increased by about $392 million during the month of April (2023), compared to the previous month, March. Today, Tuesday, May 2 (2023), the Iraqi Ministry of Oil issued preliminary statistics on the quantities of oil that were exported from the country, and the revenues achieved during the month of April, according…
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Pakistan’s fuel imports jump to two billion dollars in March
The value of Pakistan’s fuel imports increased, in March (2023), to record more than two billion dollars, with a growth rate of 9% on a monthly level. This data, issued by the Pakistan Statistics Bureau, indicates an increase in the Asian country’s dependence on fuel imports, according to The Express Tribune newspaper, today, Saturday, April…
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PetroChina’s profits jump 62% thanks to the rise in energy prices in 2022
Chinese PetroChina’s profits recorded a record high in 2022, benefiting from the jump in global energy prices in the wake of the Russian invasion of Ukraine, as well as the increase in oil and gas production in response to Beijing’s call to avoid any new energy crisis. The company announced net income of 149 billion…
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Crude oil prices jump 5%.. Brent exceeds $78 – (Update)
Crude oil prices rose by more than 5%, at the end of trading today, Monday, March 27 (2023), with fears of a shortage of supply and signs of stability in the financial markets. Crude prices rose, after Turkey stopped Iraqi Kurdistan oil exports through pipelines, in implementation of a court ruling in favor of Baghdad.…
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An expected jump for Algerian liquefied gas exports with the support of the port of Skikda (photos)
Algerian liquefied gas exports are expected to witness a jump during the coming period, with the near completion of the Skikda oil port expansion project, which works to achieve the country’s strategic goals to increase hydrocarbon exports. In this context, the director of the Sonatrach complex, Toufik Hakkar, paid a working visit and inspected the…
