Tag: months
-
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…
-
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…
-
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…
-
Aramco oil prices to Asia may drop to the lowest level in 20 months (survey)
A new survey showed that Saudi Aramco oil prices to Asia may decline during the month of June, at a time when the markets are awaiting the next OPEC + meeting to determine production policy, after the decision of the additional voluntary reduction of some coalition countries, which began in May and continues until The…
-
The price of a barrel of Algerian oil is down 21% in 3 months
A recent report revealed that the price of a barrel of Algerian oil declined by about 21% during the first quarter of this year (2023), affected by fears of a global economic recession that may affect demand. A report by the Organization of Arab Petroleum Exporting Countries (OAPEC) on the global oil situation in the…
-
“Energy” re-publishes the oil price forecasts of 10 experts. The vision will be achieved after 4 months
In light of the worsening economic conditions, geopolitical events, and features of oil demand at the end of 2022, forecasting and analyzing oil prices for the year 2023 was a daunting task for analysts and experts. This is due to the difficult scene in the oil markets, as economic crises, recession fears, and challenges facing…
-
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…
-
Gasoline prices in Jordan for the month of April 2023 recorded the first decline in 3 months
Gasoline prices in Jordan for the month of April 2023 are scheduled to witness the first decline in 3 months, after stabilizing during this March, following their rise in February. The decline in fuel prices in Jordan next month coincides with the decline in average prices of crude oil and derivatives during this March, compared…
-
Crisis in the oil and gas sector in Iran within months (article)
Read in this article • Iran has traditionally relied on oil and gas to meet most of its energy needs • There is an increasing demand for renewable energy sources, such as solar energy and wind energy • Iran’s over-reliance on oil and gas exports is a major concern • The government needs to develop…
-
Qatar Energy lowers the price of Al-Shaheen crude oil to the lowest level in 21 months
Qatar Energy Company intends to reduce the official selling prices for Al-Shaheen crude, loading next March, in conjunction with the volatile dealings in the oil markets. Qatar set the future price of Al-Shaheen crude in March at a premium of $1.37 a barrel above Dubai prices, the lowest level since June 2021. The new cut…
