Tag: oil
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Oil prices rise 2.5%.. Brent crude is above $79 – (Update)
Crude oil prices continued to consolidate their gains, to about 2.5%, by the end of trading today, Tuesday, July 11 (2023), with traders focusing on reducing production by Saudi Arabia and Russia, in addition to the weakness of the dollar. The reduction in oil production by the two largest crude exporters in the world, namely…
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Saudi Energy Minister: The Kingdom guarantees the security of oil supplies to Japan..and this is our plan
Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz said that his country’s relations with Japan in the field of energy are solid and reliable for more than half a century. He added, in statements to the Saudi Press Agency, “SPA”, today, Sunday, July 16, that both the Kingdom and Japan are keen to develop…
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Oil and gas in America… disappointment in exploration and production activity (article)
Read in this article The US activity is far from the expectations announced by many specialists Great discipline of oilfield services capital leads to higher costs The federal government shows no signs of cutting spending to ease inflationary pressures The availability of labor affects the ability of employers to expand the activity All uncertain economic…
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Oil prices rise by more than 1%.. Brent crude is above $80 – (Update)
Oil prices consolidated their gains by more than 1% at the end of today’s trading, Wednesday, July 12 (2023), as the price of a barrel of Brent crude exceeded the $80 level for the first time since April (2023), with the decline of the US dollar after US data showed a slowdown. inflation. Oil prices…
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Tolo Oil starts operating the Jubilee project in Ghana.. reserves exceed one billion barrels
Yesterday, Friday, July 14, 2023, the Tolo Oil Company announced the start of operation of the southeastern Jubilee project off the coast of Ghana, and revealed future development plans within the project, which are expected to be completed before the end of this year. The operation step came after the company, which is listed on…
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Oil prices decline 2% … and record weekly gains – (Update)
Oil prices fell by about 2%, at the end of trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it achieved its third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply…
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Oil prices are falling… and Brent crude is at $81
Oil prices declined marginally, during trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it is preparing to record a third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply shortage due…
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Oil prices rise 1.5%.. Brent crude is above $81 – (Update)
Oil prices rose, at the end of trading today, Thursday, July 13 (2023), to continue to reap gains for the third day in a row, amid hopes for a recovery in demand. This came after US inflation and economic data raised hopes that the Federal Reserve might have fewer hikes in interest rates, with the…
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The closure of the El Feel field brings back the specter of stopping Libyan oil exports again (video)
The specter of halting Libyan oil exports has resurfaced in the aftermath of the storming of the El Feel oil field by protesters, protesting the kidnapping of the Minister of Finance of the Government of National Accord, Faraj Boumtari, after news of his candidacy for the post of central governor. Against the background of the…
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Oil prices are rising for the third day, and Brent crude is above $80
Oil prices rose, during today’s trading, Thursday, July 13 (2023), to continue to reap gains for the third day in a row, amid hopes for a recovery in demand. This came after US inflation and economic data raised hopes that the Federal Reserve might have fewer hikes in interest rates, with the dollar falling. Oil…
