Tag: oil
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The global price of a barrel of oil rises 2%… and Brent crude is above $83 (update)
The price of a barrel of oil rose globally by about 2% during trading today, Friday, February 3 (2023), after strong job data in the United States, but it is heading to record weekly losses for the second time in a row. Investors are seeking more clarity on the impending European ban on Russian refined…
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Mauritania grants Total Energy the rights to explore for oil and gas in the coastal basin
Mauritania granted Total Energy the rights to explore for oil and gas in block C15 in the coastal basin, as part of its strategy to develop its hydrocarbon resources. The Ministry of Petroleum, Minerals and Energy said that the Council of Ministers approved, during its meeting yesterday, Thursday, in the city of Rosso, a draft…
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The global price of a barrel of oil has fallen… and Brent crude is below $83 – (Update)
The price of a barrel of oil decreased globally at the end of trading today, Thursday, February 2 (2023), with the rise of the US dollar. Oil prices had risen earlier in the trading, as the OPEC + decision to extend production cuts helped calm fears of oversupply. The global price of a barrel of…
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The global price of a barrel of oil has risen… and Brent crude is above $83
The price of a barrel of oil rose globally, during today’s trading, Thursday, February 2 (2023), trying to compensate for the losses it suffered during the previous session. The decline in the US dollar restored some appetite for risky assets, and the OPEC + decision to extend production cuts helped calm oversupply fears. The global…
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The global price of a barrel of oil falls 3%.. and Brent crude is less than $83 – (update)
The global price of a barrel of oil decreased by more than 3% at the close of trading today, Wednesday, February 1 (2023), with the release of US inventories and the decision of the OPEC + coalition. Oil prices rose in early trading, after data showed signs of slowing inflation in the United States, easing…
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Novak: Russian oil is finding alternative buyers… and current prices are acceptable
Russian Deputy Prime Minister Alexander Novak confirmed that Russian oil production and exports are stable despite Western sanctions and price ceilings, as Russian oil finds alternative buyers under these circumstances. “Our companies have taken all the necessary measures – first and foremost – to find new supply chains, markets, and transport our oil,” Novak said,…
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The global price of a barrel of oil has risen… and Brent crude is near $86
The price of a barrel of oil rose globally during trading today, Wednesday, February 1 (2023), amid hopes for a recovery in demand. This comes after signs of slowing inflation in the US eased fears that the world’s largest user of oil could face a recession due to further interest rate hikes, and a weaker…
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A missile strike hits the Druzhba pipeline before Kazakh oil is transported to Germany
The first shipment of Kazakh crude oil is destined to pass to Germany within 15 days, via the Druzhba pipeline, which was bombed – minutes ago – by a missile heading from Ukraine, which may disrupt the export plan in the coming weeks. Today, Wednesday (February 1, 2023), the Kazakh Ministry of Energy said that…
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Developing the largest oil field in Kazakhstan under US auspices
Plans to expand the largest oil field in Kazakhstan have begun their first steps by introducing new facilities into early operation under the auspices of the American Chevron Corporation, with the expectation that the return of these developments will emerge by the year (2025), and the fruits of full production growth will begin in (2026).…
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An expected decline in Saudi oil prices to Asia..Is Russian crude dangerous?
It seems that the competition in the Asian markets will become more difficult, with the spread of news that Saudi oil prices may witness a decline in Asia during the month of March next. Saudi Arabia (the largest oil exporter in the world) may resort to lowering the prices of crude grades to Asia for…
