Tag: price
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The global price of a barrel of oil has declined… and Brent crude is under $87
Today, Monday, January 30, 2023, the price of a barrel of oil declined globally, giving up its gains at the beginning of trading. Imminent interest rate hikes by major central banks and signs of stronger Russian exports offset rising tensions in the Middle East over a drone attack in Iran and hopes of a boost…
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The global price of a barrel of oil falls and records weekly losses – (Update)
The global price of a barrel of oil decreased by more than 1.5%, at the close of trading today, Friday, January 27 (2023), due to profit-taking and an increase in Russian exports despite Western sanctions. Oil prices rose earlier in the trading, supported by stronger-than-expected US economic growth and hopes for a recovery in Chinese…
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The global price of a barrel of oil has risen… and Brent crude is near $88
The price of a barrel of oil rose globally, during today’s trading, Friday, January 27 (2023), amid expectations of an increase in demand. This comes supported by stronger-than-expected US economic growth and hopes for a recovery in Chinese demand, with coronavirus cases and deaths declining from peak levels last month. The global price of a…
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Russian diesel will not be spared from the price ceiling.. and Europe is studying a maximum of $100
The European Union is close to banning Russian oil derivatives transported by sea, particularly Russian diesel, a step that could lead to a scarcity of global supplies and an increase in prices. It is likely that the impact of the ban on Russian oil derivatives will become more severe than the ban on Russian oil…
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The global price of a barrel of oil has risen… and Brent crude is above $86
The price of a barrel of oil rose globally, during today’s trading, Thursday, January 26, 2023, after US crude stocks jumped less than expected. Investors are looking forward to more clarity on supply drivers, including the OPEC+ meeting and the imminent EU ban on Russian oil derivatives. The global price of a barrel of oil…
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The global price of a barrel of oil is witnessing a volatile session… and Brent is above $86 – (Update)
The global price of a barrel of oil witnessed a volatile session at the end of trading today, Wednesday, January 25 (2023), with the release of US inventories data, and amid hopes for increased demand. After prices fell by more than 1% during trading, US crude ended today’s session marginally higher, while Brent fell slightly.…
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Gas stations in Italy go on strike to protest accusations of price gouging
Gas station workers in Italy staged a general strike for two days, to protest accusations of price gouging by Italian Prime Minister Giorgia Meloni. Gas station operators announced a nationwide general strike for two days (January 25-26, 2023), according to Bloomberg. Trade unions and gas station owners in Italy are protesting against the new decisions…
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The global price of a barrel of oil has risen… and Brent crude is above $86
The price of a barrel of oil rose globally during trading today, Wednesday, January 25 (2023), amid hopes for increased demand. This comes amid optimism about the recovery of demand in China, the largest oil importer in the world, and expectations that the main producers will maintain the current production policy, which offset fears of…
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The global price of a barrel of oil is down 2%… and Brent crude is under $87 – (update)
The global price of a barrel of oil declined by more than 2% at the end of trading today, Tuesday, January 24 (2023), amid fears of a slowdown in the US economy. The oil markets had started the Asian trading on the rise, amid hopes for a recovery in demand for fuel from China, the…
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The global price of a barrel of oil has risen… and Brent crude is above $88 – (Update)
The price of a barrel of oil rose globally at the end of today’s trading, Monday, January 23, 2023; Brent crude rose above $88, with prospects for an economic recovery in China, the largest oil importer, this year. The oil markets had started trading on a decline amid limited trading due to the Lunar New…
