Tag: price
-
Iran abandons Syria and doubles the price of oil exports to it
Tehran doubled the price of Iranian oil exports to Syria, and asked Damascus to pay the value of future shipments in advance, amid the severe fuel crisis in Syria. Officials in Iran informed their Syrian counterparts of an increase in the price of crude that Damascus is buying to more than $70 a barrel from…
-
What is the appropriate oil price for Saudi Arabia and OPEC +?.. 6 experts answer “Energy”
The decision of the members of the OPEC + coalition to reduce the production ceiling by two million barrels, starting from November (2022) until December (2023), shocked the energy markets, and angered the United States and countries consuming black gold. The aim of the decision was to boost oil prices, which have fallen to levels…
-
The Energy Information Administration cuts oil price forecasts by 10% in 2023
The US Energy Information Administration cut oil price forecasts during the current year (2023) by more than 10%, while raising estimates of US crude production. According to the Short-Term Energy Outlook report for January 2023 – issued today, Tuesday, January 10 – it is likely that the average price of West Texas Intermediate crude oil…