Tag: oil
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The global price of a barrel of oil is rising… and Brent crude is near $75
The price of a barrel of oil rose globally during trading today, Wednesday, June 14 (2023), to continue to reap gains for the second day in a row, amid fears of a supply shortage after Saudi Arabia pledged to provide additional production cuts by one million barrels per day next July. Today, Wednesday, investors are…
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The global price of a barrel of oil rises by more than 3%… and Brent crude is above $74 – (update)
The price of a barrel of oil jumped globally by more than 3%, at the end of today’s trading, Tuesday, June 13 (2023), after the recent decline to compensate for most of the losses it lost in yesterday’s trading, due to the search for deals, but the rise is still limited, with the movements of…
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The Libyan Oil Minister reveals his position on the Eni deal and the return of international companies
Libyan Oil Minister Mohamed Aoun highlighted the necessity of exploiting the country’s huge oil and gas reserves, noting that his country’s government had allocated $17 billion in investments to advance the oil and gas sector, while confirming that he did not oppose the return of international oil companies to exploration and exploration work in the…
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The global price of a barrel of oil is rising… and Brent crude is above $72
The global price of a barrel of oil began to move upwards, at the beginning of today’s trading, Tuesday, June 13 (2023), after the recent decline, to regain some of the ground it lost in yesterday’s trading, due to the search for deals, but the rise is still limited, with the movements of investors. Cautious,…
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The 2023 budget estimates the price of a barrel of Iraqi oil at $70
Iraq’s 2023 budget estimated the price of a barrel of Iraqi oil at $70, amid fears of the impact of stopping exports from the Kurdistan region on the country’s public revenues, as an international court ruling against Turkey halted the flow of 450,000 barrels per day towards the port of Ceyhan. Late yesterday, Sunday, June…
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First shipment of Russian oil to Pakistan paid in Chinese currency (Update)
The first shipment of Russian oil to Pakistan was a glimmer of hope for the Islamabad government, which seeks to reduce the energy bill in light of the country’s suffering from a stifling economic crisis, as a result of which foreign exchange reserves fell to less than $10 billion, and its national currency underwent a…
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Chinese Unipec sales of Omani oil jumped to 8 million barrels in June
China’s Unipec company’s sales of Omani oil rose to a record level during the month of June, reaching 8 million barrels for loading in August, at a time when Saudi Arabia announced a reduction in oil production and an increase in official selling prices, as well as an increase in flows to China. Unipec did…
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The global price of a barrel of oil is down 1%, and Brent crude is down $74
The price of a barrel of oil declined globally by about 1% during trading today, Monday, June 12 (2023), for the third consecutive session, amid fears of a decline in demand due to the increase in interest rates in many countries, which indicates a rise in inflation and heralds a global economic recession. This comes…
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The first shipment of Russian oil to Pakistan reaches the port of Karachi
Russian oil flows to Pakistan represent a glimmer of hope for the country, which is thirsty for energy supplies to meet its domestic needs in light of an energy crisis afflicting it, in addition to the possibility of paying for it in currencies other than the US dollar. Islamabad is suffering from a severe crisis…
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The global price of a barrel of oil declined for the first time in 4 consecutive sessions – (Update)
The global price of a barrel of oil returned to decline, at the end of trading today, Tuesday, June 6 (2023), for the first time in 4 consecutive sessions, giving up the gains it achieved during recent trading, at a time when concerns about the global economic recession increased, and the possibility of a decline…
