Tag: oil
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Oil prices rise by 1%, and Brent crude is near $75
Oil prices rose about 1% during trading today, Monday, June 26 (2023), in an attempt to compensate for the losses incurred during the past week, due to concerns about supply shortages. This comes after Russia witnessed the Wagner rebellion over the weekend, which raised concerns about political instability in one of the largest oil producers…
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SOCAR of Azerbaijan: Oil prices are currently suitable for planning.. and this is our actual production volume
Read in this article Prices are currently significantly lower than the peak in 2022 Some members of the OPEC+ coalition agreement extended voluntary production cuts until the end of 2024 Saudi Arabia proposed extending the latest cut of 1 million barrels per day beyond July The Caspian Pipeline Alliance accounts for 80% of Kazakhstan’s exports…
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Energy sources: Saudi Arabia extends oil production cuts by one million barrels per day
Sources revealed that the Kingdom of Saudi Arabia is ready to announce, within a few days, the extension of the voluntary oil production cut by one million barrels per day, in the month of August (2023). And the sources indicated, in exclusive statements to the specialized energy platform, that the step of extending the production…
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Oil prices decline for the second session and record weekly losses – (Update)
Oil prices fell, at the end of trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that might limit demand. Oil markets recorded a weekly decline of about 4%, with a higher-than-expected rate hike in Britain and warnings of looming increases…
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Australia’s Woodside invests $7.2 billion in an oil project in Mexico
The Australian Woodside Company has made the final investment decision in Mexico’s first deepwater field. This may revive work on developing competing projects in the coming months. The independent Australian company – which specializes in oil and gas exploration – announced that it had taken the final investment decision in the “Trion” field in Mexico,…
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Oil prices are falling for the second day, and Brent crude is below $74
Oil prices fell, during trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that may limit demand. Oil markets are heading for a weekly decline of more than 3%, with a higher-than-expected rise in interest rates in Britain and warnings of…
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The global price of a barrel of oil is falling… and Brent crude is below $76 – (update)
The global price of a barrel of oil declined by about 2%, at the end of today, Tuesday, June 20 (2023), after China cut interest rates on lending by a less than expected percentage, which raised concerns about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices…
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The global price of a barrel of oil rises 2%… and Brent crude is above $77 – (update)
The price of a barrel of oil rose globally by about 2% at the end of trading today, Wednesday, June 21 (2023), in an attempt to compensate for the losses it suffered during the previous two sessions. And oil prices received support from the statements of the Federal Reserve Chairman, the possibility of adopting more…
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Revenues from Saudi oil exports fell 23.6% in April
Saudi oil export revenues declined, during last April, on an annual basis, with the decline in average oil prices compared to the same period in 2022. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in April, by 23.6%, compared to the same period in 2022. The…
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The global price of a barrel of oil is rising… and Brent crude is above $76
The price of a barrel of oil rose globally during trading today, Wednesday, June 21 (2023), in an attempt to compensate for the losses it suffered during the previous two sessions. Expectations that the head of the Federal Reserve will present a plan to revive the economy, confront inflation, and the possibility of a decline…
