Tag: oil
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Anas Al-Hajji: Oil prices are collapsing because of “Silicon Valley”…and this is expected from OPEC +
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that oil prices collapsed with the collapse of Silicon Valley and Signature banks in the United States. This came during a new episode of the program “Energy humanitiesPresented by Dr. Anas Al-Hajji on Twitter, entitled “The Effects of the Saudi-Iranian Agreement on Energy Markets…and…
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A recent report reveals its expectations for oil prices after the collapse of Silicon Valley
The US banking crisis cast a shadow over oil prices, following the collapse of the Silicon Valley bank, during the past few days. And with the worsening situation and increasing fears of an economic recession, crude prices fell during trading today, Wednesday, March 15 (at 07:00 pm Mecca time), by about 6%, and the price…
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Crude oil prices are down 1%… and Brent is below $77 (update)
Crude oil prices fell back by more than 1% today, Wednesday, March 15 (2023), to continue bleeding losses for the third consecutive session, with continued fears of an economic recession following the collapse of the US Silicon Valley Bank. Markets had some support in early trading today from OPEC’s strong outlook on Chinese demand, which…
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Kuwait reduces oil exports to Asia for Al-Zour refinery
Kuwait intends to reduce its crude oil exports to Asia, starting next April, in conjunction with its plans to expand the production of oil derivatives. The Kuwait Petroleum Corporation asked some Asian refineries to obtain a lower share of oil under their annual deals, according to what was seen by the specialized energy platform. The…
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Offering 7 investment opportunities in the oil refining sector in Iraq
Today, Wednesday, March 15 (2023), Baghdad announced the launch of 7 investment opportunities in the oil refining sector in Iraq. The announcement of investment opportunities comes within the framework of the government’s plans to increase refining capacity, for the benefit of the country, and to secure its needs of oil derivatives, which cost the country’s…
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Oil storage in Fujairah records record levels with the flow of Russian barrels
The demand for oil storage in Fujairah increased, in conjunction with the change in the movement of crude trade after Western sanctions against Moscow, which diverted the path of Russian barrels towards the Middle East and Asia. It is expected that the demand for oil storage and transit volumes in the port of Fujairah –…
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Oil analysis after the collapse of the Silicon Valley bank.. Will OPEC + interfere?
Oil analysis shows that the collapse of the Silicon Valley bank left fears in global markets that prices would be affected by the crisis, which could prompt the OPEC + coalition to intervene. These fears, supported by the decline in crude oil prices for two consecutive days, pushed Brent crude to less than $79 a…
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Blacklisted oil tankers transporting fuel from Venezuela to Cuba
Venezuela is trying hard to help its beleaguered Latin neighbor, Cuba, by transporting large amounts of fuel on board oil tankers on the US blacklist, which could expose it to potential legal problems. Maritime documents showed that the state oil company, Petroleos de Venezuela, had transported Venezuelan crude and some fuel derivatives to Cuba on…
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Crude oil prices are falling for the second day, and Brent is below $80 a barrel
Crude oil prices continued to decline, today, Tuesday, March 14 (2023), for the second day in a row, as Brent crude fell by 1%, after declining at the close of trading yesterday, Monday, by more than 2.5%, after announcing the collapse of the “Silicon Valley” bank. American. The collapse of the “Silicon Valley” Bank left…
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The collapse of Silicon Valley puts pressure on oil prices.. Will they drop to $50?
It seems that the events surrounding Silicon Valley Bank are moving at a rapid pace, and their impact was evident on oil prices during today’s trading, Monday, March 13 (2023). The California-based firm grew to number 16 in the United States, catering to technology companies around the world before a series of failed investment decisions…
