Tag: oil
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Saudi Aramco raises oil selling prices in July at a significant pace
Saudi Aramco announced the new official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of July (2023). The company went against expectations and decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by…
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Oil prices decline 2%, recording strong monthly losses – (update)
Crude oil prices continued to decline by about 2% at the end of trading today, Wednesday, May 31 (2023), at a time when concerns were growing about the prospects for a slowdown in demand for crude from China (the largest oil importer in the world), in conjunction with the issuance of weaker economic data than…
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Oil production quotas for OPEC+ countries from January to December 2024
The oil production quotas for OPEC + countries over the next year (2024) are witnessing a noticeable discrepancy, after the coalition ministers decided during their meeting today, Sunday (June 4, 2023), to amend the base month – through which the quotas are calculated, whether by decrease or increase – in the period From January 1…
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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…
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Crude oil prices rise 3%… and Brent is above $74 a barrel – (Update)
Crude oil prices witnessed a remarkable increase of 3%, at the end of today’s trading, Thursday, June 1 (2023), after they fell in the previous session, supported by the possibility of stopping raising US interest rates, and taking decisive action to prevent defaulting on the US debt. There is optimism about the increase in oil…
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Crude oil prices rise 2.5% and record weekly losses – (Update)
Crude oil prices rose by about 2.5%, at the end of today’s trading, Friday, June 2, to continue the gains achieved in the previous session; The approval of raising the US debt ceiling, and the possibility of the Federal Reserve stopping raising interest rates contributed to calming market concerns, in addition to the possibility of…
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Crude oil prices continue their gains, and Brent crude is above $75 a barrel
Crude oil prices rose today, Friday, June 2, to continue the gains achieved in the previous session; The approval of raising the US debt ceiling, and the possibility of the Federal Reserve stopping raising interest rates contributed to calming market concerns, in addition to the possibility of reducing OPEC + production during the weekend, which…
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Experts for “energy”: OPEC + may cause a surprise … and these are the expectations of oil prices in 2023
Read in this article The OPEC + alliance will continue its production policy during its next meeting Coalition decisions cannot be predicted. The oil market is waiting for any surprise Further voluntary cuts by 9 countries are likely to become mandatory Oil prices are risky in the near term The eyes of the oil markets…
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Crude oil prices are rising.. Brent crude is above $73 a barrel
Crude oil prices witnessed a noticeable increase, at the beginning of today’s trading, Thursday, June 1 (2023), after they fell at the end of trading on Wednesday, May 31, supported by the possibility of stopping raising US interest rates, and taking decisive action to prevent default on the US debt, This contributed to the prevailing…
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Crude oil prices continue to decline… and Brent is below $74
Crude oil prices continued their losses at the beginning of trading today, Wednesday, May 31 (2023), at a time when concerns increased about the prospects for a slowdown in oil demand from China, the largest oil importer in the world, after the release of weaker-than-expected economic data, in addition to Slow positive progress on agreement…
