Tag: oil
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What is the relationship between oil prices and stocks and reserves? Is it affected by the American filling? (a report)
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that oil prices are affected by commercial oil stocks, as a decrease in stock raises prices, and a high stock lowers them, but there are other factors. This came during an episode of “Energy humanitiesAl-Hajji presented it on Twitter, under the heading “Reserves, Stockpiles,…
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Oil prices rise for the third session, and Brent crude is near $75
Oil prices rose during trading today, Friday, June 30 (2023), to continue to reap gains for the third consecutive session, supported by hopes for a recovery in demand for crude. Oil markets are preparing for the first monthly gain this year, as a significant decline in US oil inventories overshadowed concerns that fuel demand will…
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Oil prices are rising… and Brent crude is above $74 – (Update)
Oil prices rose, at the end of trading today, Thursday, June 29 (2023), with optimism about the demand for crude, after the decline in US inventories. Crude prices fell in early trading, amid fears of rising interest rates that would dampen economic growth and global demand for fuel, and weak economic data from China affected…
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Oil prices are falling… and Brent crude is under $74
Oil prices fell, during today’s trading, Thursday, June 29 (2023), with investors reaping profits; What reduced some of the previous session’s gains. This comes amid fears of increasing interest rates that dampen economic growth and global demand for fuel, and weak economic data in China also affected sentiment. Oil prices are facing wild fluctuations between…
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Oil prices rise 3% after a decrease in US inventories – (update)
Oil prices rose by about 3% at the end of trading today, Wednesday, June 28 (2023), with a noticeable decline in US inventories, supported by hopes for a recovery in demand. This came after US data showed a larger-than-expected drop in inventories, indicating strong demand from the world’s largest oil consumer. Oil prices are facing…
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Oil prices are down 2.5%.. Brent crude is less than $73 – (Update)
Oil prices fell by about 2.5%, at the end of trading today, Tuesday, June 27 (2023), after it had started with a rise supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized…
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Petronas President warns: halting investment in oil and gas projects is a ‘catastrophe’
The President and CEO of the Malaysian Petronas “Tengku” company, Muhammad Tawfiq, condemned the calls for an absolute halt to investment in oil and gas projects, describing it as a “catastrophe”. Tawfiq stressed that the lack of investment in oil and gas cause There are severe market fluctuations and affect energy security, according to what…
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A new shipment of Russian oil to Pakistan
Today, Tuesday, June 27 (2023), the port of Karachi received the second shipment of Russian oil to Pakistan, within the framework of the recently signed agreement between Moscow and Islamabad. The arrival of the tanker, with a cargo of 55,000 tons (400,000 barrels) of Urals crude, came about a week late, due to insufficient space…
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Oil prices are rising with the support of the Russian crisis… and “Brent” is near $75
Oil prices began trading today, Tuesday, June 27 (2023), with an increase, supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized after the armed mercenaries withdrew from the city of Rostov in…
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Moscow extends the ban on the sale of Russian oil and its derivatives
Moscow announced the extension of the ban on the sale of Russian oil and its derivatives, within the price ceiling previously imposed by the Group of 7 and European Union countries, in December (2022). The decision issued by President Vladimir Putin, today, Monday, June 26 (2023), extends a decree that took effect on February 1,…
