Tag: price
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The price of Iranian oil destined for Asia rose 15 cents in August
The price of Iranian oil destined for Asia is scheduled to rise, during next August, by about 15 cents compared to the current month of July, at a value that is 5 cents lower than the prices of Saudi Aramco shipments during the next month. The National Iranian Oil Company announced the official selling prices…
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A report lowers oil price expectations in 2023, despite Saudi Arabia’s decision
The US Energy Information Administration lowered its oil price forecast in 2023 slightly, and cut its estimates for crude production in the United States during the same year. The Short-Term Energy Outlook report for July 2023, issued today, Tuesday (July 11), predicted that the average price of West Texas Intermediate crude would reach $74.43 per…
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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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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…
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The global price of a barrel of oil is declining… and Brent crude is below $76
The price of a barrel of oil fell globally, today, Tuesday, June 20 (2023), after China cut interest rates on lending by less than expected, which increased concern about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices closed down on Monday, driven by concerns about the…
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Iran’s oil price to Asia rises 40 cents in July
The price of Iranian oil destined for Asia is scheduled to rise, during next July, by about 40 cents compared to the current month of June, at a value that is 5 cents lower than the prices of Saudi Aramco shipments during the next month. And the National Iranian Oil Company announced the official selling…
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The global price of a barrel of oil is declining… and Brent crude is near $76
The price of a barrel of oil declined globally, during trading today, Monday, giving up some of the gains it achieved last week, amid fears of an economic recession. Questions about China’s economy overshadowed the OPEC+ production cuts, and the seventh consecutive decline in the number of oil and gas rigs operating in the United…
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The global price of a barrel of oil is down by more than 4%… and Brent crude is under $72 – (update)
The price of a barrel of oil declined globally by more than 4%, at the end of trading today, Monday, June 12 (2023), for the third session in a row, amid fears of a decline in demand due to the increase in interest rates in many countries; This indicates a high rate of inflation and…
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The global price of a barrel of oil jumps by more than 3%… and Brent crude is above $75 – (update)
The price of a barrel of oil rose globally by more than 3%, at the end of trading today, Thursday, June 15 (2023), with the decline of the US dollar, and amid fears of a shortage of supplies after Saudi Arabia pledged to provide additional production cuts by one million barrels per day next July.…
