Tag: oil
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Crude oil prices rise by more than 1% … and Brent is near $ 77 a barrel – (update)
Crude oil prices rose by more than 1%, at the close of trading today, Tuesday, May 23 (2023), for the second day in a row, supported by investor expectations of market restraint, in light of the seasonal increase in demand for gasoline. Investors also expected supply cuts by some OPEC+ producers, who announced a voluntary…
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UAE oil exports to Europe may triple in July
UAE oil exports to Europe have begun to witness an increase in the recent period, with the decline in supplies from Russia, amid the efforts of the countries of the old continent to diversify their imports. A number of experts expected that oil exports from the UAE to Europe would increase in the coming months,…
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Qatar Energy is interested in competing for new oil and gas licenses in Iraq
Qatar Energy Company has shown interest in entering the new round of oil and gas licenses launched by Iraq recently, which includes several blocks with promising reserves. Iraqi Oil Minister Hayan Abdul Ghani said that Qatar is interested in participating in the two rounds of oil and gas licensing in Iraq, according to the data…
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Official: India’s imports of Russian oil are increasing for these reasons
India’s imports of Russian oil have been rising month-on-month, since shipments from Moscow have replaced crudes from the Middle East and Africa. India’s national oil company “Indian Oil” – the country’s largest refiner in terms of production capacity – confirmed its commitment to long-term contracts with the Middle East, but spot purchases from the region…
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Crude oil prices are rising… and Brent is near $76 a barrel – (Update)
Crude oil prices rose for the first time in 3 consecutive sessions at the end of trading today, Monday, May 22, 2023, after a volatile session, amid fears of an economic recession that might limit demand. Caution about US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from…
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Chevron supports US shale oil with a new acquisition deal
Chevron has announced the enhancement of its production of US shale oil with a new acquisition deal, which is the company’s second in 3 years. Today, Monday (May 22, 2023), the American oil company completed its acquisition of all shares of the “BDC Energy” company, which produces shale oil in the United States, in a…
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Crude oil prices are down 1%… and Brent is below $75 a barrel
Crude oil prices fell by more than 1%, during today’s trading, Monday, May 22, 2023, amid fears of an economic recession that may limit demand. Caution over US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Crude oil prices today By 06:55 a.m.…
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Will the largest deal in the history of the Iranian oil industry with Russia become a binding agreement? (article)
Read in this article These agreements are expected to enhance Iran’s energy infrastructure and production capabilities Persistent technological limitations and hurdles make it difficult to implement these ambitions Memorandums of understanding between Iran and Russia provide a platform for improved cooperation in oil exploration and production It is believed that the partnership between Russia and…
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Operation of the Iranian oil refinery on this date.. Will the fuel crisis be solved?
Tehran announced its intention to operate the new Iranian oil refinery by next year (2024), in light of a severe crisis hitting the country due to its inability to meet the growing demand for gasoline. The company responsible for building the “Mehre Al-Khaleej” refinery stated that it is scheduled to be launched with about 120,000…
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Crude oil prices are falling…and recording weekly gains – (Update)
Crude oil prices fell, at the end of trading today, Friday, May 19 (2023), but achieved the first weekly gain in 5 weeks. Crude prices had risen earlier in the day, as investors were cautiously optimistic about the fading risks of defaulting on US debt, but it seems that the results of the talks that…
