Tag: oil
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The global price of a barrel of oil falls 1.5% and records weekly losses – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Friday, June 9 (2023), after a volatile session, to continue to decline for the second day in a row, which prompted it to record its second weekly loss, amid fears of an economic recession that might…
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Britain requires a drop in oil prices to $71 to stop the exceptional tax
Britain set a condition for falling oil prices in order to stop the exceptional profits tax it imposed last year, which angered a large number of international oil companies, and prompted others to liquidate their business in the North Sea or reduce their activities. The British Finance Ministry said today, Friday, that the sudden British…
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The global price of a barrel of oil falls in a volatile session… and Brent crude is below $76 – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Thursday, June 8 (2023), to return to decline, after it rose in the previous session, supported by fears of a shortage of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per…
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The global price of a barrel of oil is rising… and Brent crude is above $77
The price of a barrel of oil rose globally, during trading today, Thursday, June 8 (2023), to continue to reap gains for the second session in a row, supported by fears of a lack of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per day during next July, which is…
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The global price of a barrel of oil is rising by more than 1%… and Brent crude is near $77 – (update)
The price of a barrel of oil rose globally by more than 1% at the end of trading today, Wednesday, June 7 (2023), in an attempt to compensate for the losses it suffered in the previous session, as fears of a shortage of supplies were overwhelmed after Saudi Arabia, the largest exporter of crude oil,…
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The global price of a barrel of oil is turning higher… and Brent crude is above $77 (update)
The price of a barrel of oil globally turned up by more than 1% during trading today, Wednesday, June 7 (2023), in an attempt to compensate for the losses it suffered in the previous session, as fears of a shortage of supplies were overwhelmed after Saudi Arabia, the largest exporter of crude oil, pledged to…
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The Energy Information Administration raises oil price forecasts by 13% in 2024
The US Energy Information Administration raised expectations for crude oil prices by about 13% during the next year (2024), and also strengthened its estimates for the year 2023, after the OPEC + alliance decided to stabilize the supply reduction policy, with an adjustment to the base month through which the production quotas of members in…
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The Secretary General of OPEC talks to “energy” about the decisions of OPEC +, and will oil prices reach $100? (a dialogue)
Read in this article Engineer Jamal Al-Loughani: OPEC + is taking proactive and preventive measures after a careful reading of the oil market outcomes The new decisions support the stability and balance of the market, especially in light of the uncertainty surrounding the global economy Crude oil prices are determined based on a combination of…
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Stopping oil exports in Yemen will cost the government one billion dollars in losses
The cessation of oil exports in Yemen has caused the government to incur losses of more than $1 billion per month over the past 8 months, at a time when it is suffering from many financial and economic crises, with the continuation of the state of war and conflict between an internationally recognized government and…
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Crude oil prices rise for the third session… and Brent near $77 a barrel – (Update)
Crude oil prices rose at the end of trading today, Monday, June 5, 2023, to continue to reap gains for the third consecutive session, supported by the moves of the coalition of major producers in the OPEC + coalition – led by Saudi Arabia – who agreed to extend the voluntary production cut agreement until…
