Tag: oil
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The global price of a barrel of oil is down by more than 4%… and Brent crude is under $72 – (update)
The price of a barrel of oil declined globally by more than 4%, at the end of trading today, Monday, June 12 (2023), for the third session in a row, amid fears of a decline in demand due to the increase in interest rates in many countries; This indicates a high rate of inflation and…
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The global price of a barrel of oil jumps by more than 3%… and Brent crude is above $75 – (update)
The price of a barrel of oil rose globally by more than 3%, at the end of trading today, Thursday, June 15 (2023), with the decline of the US dollar, and amid fears of a shortage of supplies after Saudi Arabia pledged to provide additional production cuts by one million barrels per day next July.…
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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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The global price of a barrel of oil is rising… and Brent crude is near $76
The price of a barrel of oil rose globally, during 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 consecutive weeks, amid fears of a shortage…
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A report expects an increase in oil prices and a decrease in supply by 2 million barrels per day
A recent report sheds light on the developments in oil prices, according to global oil stocks that have not witnessed a decline due to the abundance of supply in the markets. The report – issued by the Swiss investment bank “UBS” – confirmed that although demand for oil remains strong, supply from several locations witnessed…
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An oil discovery in Guyana competing with the Exxon Mobil alliance
CGX Energy announced an oil discovery in Guyana that would rival the ExxonMobil consortium that controls production off the country’s coast. The Canadian company found oil in an exploration well in an area where the presence of oil was not confirmed by known methods, such as seismic studies. The discovery is expected to be commercially…
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The Energy Agency: India will lead the demand for oil globally… and China will rank second
India is expected to lead global oil demand, after it was quick to take advantage of Russian rivalries in the wake of the invasion of Ukraine. In an effort to meet the growing needs inside. This came in the words of the head of the International Energy Agency, Fatih Birol, who expected India to overtake…
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The global price of a barrel of oil is rising… and Brent crude is above $73
The price of a barrel of oil globally turned higher, during trading today, Thursday, June 15 (2023), in an attempt to compensate for the losses it suffered during the previous session, amid fears of a supply shortage after Saudi Arabia pledged to provide additional production cuts by one million barrels per day in July. next.…
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The global price of a barrel of oil falls 1.5%, with the rise in US inventories – (update)
The global price of a barrel of oil decreased by more than 1.5% at the end of trading today, Wednesday, June 14 (2023), after the rise in US inventories, and the Federal Reserve’s decision to keep interest rates unchanged, for the first time since March 2022. The International Energy Agency raised expectations for oil demand…
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America aims to buy 12 million barrels to fill the strategic oil reserve
US President Joe Biden’s administration intends to buy back more than 12 million barrels to fill the strategic oil reserve, which recorded a noticeable decline after Washington released millions of barrels last year to counter the sharp rise in oil prices against the backdrop of the Russian-Ukrainian war. The Biden administration aims to buy back…
