Tag: oil
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Crude oil prices rise 1%, and Brent records 83 dollars
Crude oil prices rose about 1%, during today’s trading, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today By 07:21 AM GMT (10:21 AM…
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The oil pipelines in Ecuador stop after a landslide…and the declaration of force majeure
The oil industry in Ecuador is facing a new turn, which led to the declaration of force majeure on exports and production for a period of nearly two weeks, after a landslide caused the closure of a number of pipelines. Petro Ecuador and the independent pipeline operator OCP decided to suspend operations and transportation through…
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Crude oil prices rise 2%… and Brent is above $82 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, February 23 (2023), to rise for the first time in 7 consecutive sessions, with the release of the inventory report in the United States. Market players are re-evaluating their positions after the US Federal Reserve stoked concerns about the economy by…
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Shadow tankers save Russian oil from Western sanctions.. What are their repercussions?
The shadow tanker fleet has become the subject of increased attention after Western sanctions on Russian oil, in a context that has seen changes in the shipment flow. This fleet consists of a large group of tankers that travel across the world’s oceans secretly without drawing attention, in an attempt to avoid sanctions imposed on…
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Crude oil prices fall by more than 3%.. and Brent is below $81 – (update)
Crude oil prices fell by more than 3% at the end of their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand, so that US crude continued to decline for the sixth session in a row. This comes amid expectations that the US Federal Reserve will continue to raise interest…
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Crude oil prices are falling… and Brent is below $83
Crude oil prices fell during their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand. This comes amid expectations that the US Federal Reserve will continue to raise interest rates, which raises fears of a decline in global economic growth. Crude oil prices today By 07:21 a.m. GMT (10:21 a.m.…
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The price of Iranian oil is rising to Asia, in the footsteps of Saudi Arabia
Today, Tuesday, February 21 (2023), Tehran announced that it has raised the price of Iranian light crude oil, for next March shipments, to its customers in Asia, by 20 cents, similar to Saudi Arabia. The National Oil Company has set the official selling price for Iranian light grade oil to Asian buyers at $2 a…
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Algeria is studying a deal to export oil and gas to Jordan
Algeria is considering exporting oil and gas to Jordan, to secure part of its needs, with the growing demand for fuel locally. In this context, the Algerian Minister of Energy and Mines, Mohamed Arkab, said, during his meeting with a Jordanian parliamentary delegation: that his country is serious about studying the possibility of supplying Jordan…
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Indian fuel oil is on its way to Bangladesh soon
Indian fuel oil is preparing to flow into the crisis-ridden neighbor Bangladesh, which suffers from its poor ability to buy more liquefied gas due to the ignition of its global prices. And the Bangladeshi BBC announced its readiness to receive Indian fuel used in electricity generation through a pipeline linking it to India, according to…
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Iraq aims to achieve revenues of $300 billion from developing border oil fields
Iraq aims to achieve revenues of about 300 billion dollars as a result of the development of border oil fields, whose contracts were signed today, Tuesday, with a number of oil companies. The signing of contracts for 6 projects in the governorates of Basra and Diyala comes as part of Iraq’s plans to increase production…
