Tag: oil
-
Crude oil prices are down 1%.. and Brent is under $82 (update)
Crude oil prices fell by more than 1% during trading today, Monday, March 13 (2023), amid fears of a global recession. The oil markets had climbed to the green zone earlier in today’s session, supported by the recovery of Chinese demand, but the collapse of the Silicon Valley bank raised fears of a new financial…
-
Crude oil prices fell by more than 3.5%… and Brent is below $84 – (update)
Crude oil prices fell by more than 3.5%, at the close of trading today, Tuesday, March 7 (2023), with increasing concerns about demand for crude, after the statements of the US Federal Reserve Chairman. Federal Reserve Chairman Jerome Powell said the Fed will continue to raise interest rates unless the Fed shows signs of slowing.…
-
Crude oil prices fall by more than 1% after a volatile session – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Thursday, March 9 (2023), after a volatile session, amid fears of an economic recession that threatens demand. The markets had started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in…
-
Crude oil prices rise by more than 1% and record weekly losses – (Update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Friday, March 10 (2023), after a volatile session, with the decline of the US dollar, but it recorded weekly losses. Drilling rigs drilling for oil in the United States decreased by two rigs, bringing the total to 590 rigs, according to…
-
Kuwait raises the selling prices of oil to its customers in Asia during April
Kuwait raised the official selling price for its oil shipments for the month of April (2023) to its customers in Asia, following in the footsteps of Saudi Aramco. The KPC price document – which was seen by the specialized energy platform – for shipments for the month of April, showed that the price of a…
-
Libya is preparing to launch a new licensing round for oil and gas after a 16-year hiatus
Libya is preparing to launch a new licensing round for oil and gas in 2024, after a hiatus of more than 16 years due to the political and security upheavals that the country has suffered from. The head of the National Oil Corporation, Farhat bin Qadrara, revealed during his participation this week in the “Sira…
-
Crude oil prices are down 1%, and Brent is $81
Crude oil prices fell about 1%, during trading today, Friday, March 10 (2023), for the fourth session, heading for its largest weekly loss in 5 weeks. This comes due to fears of the possibility of sharp increases in interest rates in the United States; This leads to slower growth and damage to the demand for…
-
Russian oil reduces temptations to China and India amid fierce competition for Espoo crude (report)
Russian companies tended to reduce offers of generous Russian oil discounts offered to China and India, the largest Asian and global economies, amid fierce competition for demand over the past months. Private Indian refineries are competing with their Chinese counterparts for future purchase contracts for Russian Espoo crude for delivery in April (2023), according to…
-
Oil and gas exploration in Egypt is actively boosted by 6 international companies
The oil and gas exploration sector in Egypt witnessed intense activity today, Thursday, March 9, during the participation of Minister of Petroleum and Mineral Resources Eng. Tarek El-Molla, in the Cerawick International Energy Conference in Houston, USA. On the sidelines of the conference, Al-Mulla held meetings with leaders of 6 international oil and gas companies…
-
Crude oil prices are marginally declining… and Brent is below $83
Crude oil prices declined marginally, today, Thursday, March 9 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. The markets started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in China. Market conditions were dominated by fears that…
