Tag: oil
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Crude oil prices are down 1.1% on fears of a global economic slowdown
Crude oil prices fell, during today’s trading, Tuesday, February 21 (2023), by 1.1%, due to fears of a slowdown in the global economy and a decline in fuel demand. The decline in the price of a barrel of oil globally comes hours after prices achieved gains at the close of transactions yesterday, Monday, February 20,…
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Revenues from Saudi oil exports rose 11% in December
Saudi oil export revenues increased, during last December, on an annual basis, supported by the rise in oil prices and the increase in exports compared to the same period in 2021. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues increased, in December, by approximately 11.1%, compared…
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Crude oil prices are rising… and Brent is near $84
Crude oil prices rose, during trading today, Monday, February 20 (2023), amid optimism about the recovery of demand in China. And it supported fears that a lack of investment would impede oil supply in the future, with the main producers continuing to impose production restrictions. Crude oil prices today By 07:10 am GMT (10:10 am…
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Anas Al-Hajji: The US oil price may drop to $30 in this case (audio)
Energy platform editorial advisor, energy economist Dr. Anas Al-Hajji, revealed that US oil may be sold at 30 or 40 dollars a barrel, while global oil prices recently reached the level of 80 dollars, but that is in a specific case. Al-Hajji explained – during a new episode of the program “Energy humanitiesEntitled “Oil Quality……
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Chinese refineries are preparing to increase their imports of Russian oil
Chinese refineries continue to receive flows of Russian oil, and Beijing is seeking to increase the pace of those flows in the coming times, through unannounced official moves with representatives of those refineries. The increase in China’s imports of Russian oil reflects Moscow’s success in providing markets that can absorb its crude, instead of Europe,…
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Oil prices fall by more than 1%.. Brent crude is under $86 – (Update)
Oil prices fell globally by more than 1%, at the end of today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stocks. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or…
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Crude oil prices fell by more than 2.5%, recording weekly losses – (Update)
Crude oil prices fell by more than 2.5%, at the end of trading today, Friday, February 17 (2023), amid fears of a global recession that might affect demand, to record Brent crude at $83 a barrel. Crude prices recorded weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary…
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Qatar Energy raises the price of Al-Shaheen crude oil for April delivery
Qatar Energy Company intends to raise the official selling prices for Al-Shaheen crude for next April loading, after it recorded its lowest level in 21 months in March. Qatar is scheduled to increase the future price of Al-Shaheen crude in April by about $1.21, compared to next March shipments. Qatar Energy set the price of…
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Crude oil prices are down 1.5%, and Brent is $84
Crude oil prices fell about 1.5%, during today’s trading, Friday, February 17 (2023), amid fears of a global recession that may affect demand. Oil markets are heading to record weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary policy further to counter inflation, a move that could hurt…
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Crude oil prices are falling for the third consecutive session – (Update)
Crude oil prices fell for the third consecutive session at the end of trading today, Thursday, February 16 (2023), with signs of slowing demand in America. Crude prices had risen during trading; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of…
