Tag: prices
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Egyptian Minister of Petroleum: Oil prices are an incentive to drill more wells and increase production
Egyptian Minister of Petroleum, Tarek El-Molla, confirmed that the current rise in oil prices and their stability above $80 per barrel is an incentive to continue exploration and increase production. Al-Mulla stressed the importance of the meetings that take place to discuss the development and increase of the current production rates of crude oil, and…
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Crude oil prices rise marginally… and Brent is below $85 – (Update)
Crude oil prices rose at a slight pace, at the end of trading today, Tuesday, April 18 (2023), with the strong economic data coming from China, which is the largest importer of oil in the world. Official data coming from China contributed to the rise in crude oil prices, especially with faster-than-expected economic growth in…
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Crude oil prices are back on the rise… and Brent is above $85 a barrel
Crude oil prices witnessed a slight increase, today, Tuesday, April 18 (2023), supported by the strong economic data coming from China, which is the largest importer of oil in the world. The data reinforced the expectations of demand for crude oil, which contributed to achieving a price recovery, despite what witnessed yesterday’s sessions, Monday, April…
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Crude oil prices are down 2%… and Brent is below $85 – (update)
Crude oil prices fell by more than 2%, at the end of trading today, Monday, April 17 (2023), amid fears of a global economic recession that may affect demand. Markets had started the morning trading on the upside, supported by OPEC + plans to cut more production, and investors looked to Chinese economic data for…
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Crude oil prices are rising… and Brent is above $86
Crude oil prices rose marginally, during today’s trading, Monday, April 17 (2023), amid expectations of an increase in demand and a decline in supplies. This comes with the support of OPEC + plans to cut more production, and investors looked forward to Chinese economic data in search of signs of recovery in demand in the…
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Crude oil prices rise by more than 2%, the highest level since January – (update)
Crude oil prices rose by more than 2% at the end of trading today, Tuesday, April 11 (2023), after a volatile session, to record the highest level since January 2023. This comes after Chinese inflation data indicated continued weak demand, but the dollar fell and expectations that the Federal Reserve will stop tightening its policy…
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Crude oil prices are gaining for the fourth week in a row – (Update)
Crude oil prices rose, at the end of trading today, Friday, April 14 (2023), amid expectations of a recovery in demand in China with declining supplies, to achieve weekly gains for the fourth time in a row. The International Energy Agency expected global oil demand to grow by two million barrels per day in 2023…
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Crude oil prices fell by more than 1%… and Brent is above $86 – (update)
Crude oil prices fell by more than 1%, at the end of trading today, Thursday, April 13 (2023), after two sessions of gains, amid fears of declining demand. This comes as investors continue to worry about a possible recession in the United States and weak demand for oil, in conjunction with the disclosure of inflation…
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Crude oil prices are declining… and Brent is near $87
Crude oil prices fell, during today’s trading, Thursday, April 13 (2023), after two sessions of gains, amid fears of a decline in demand. This comes as investors continue to worry about a possible recession in the United States and weak demand for oil, in conjunction with the disclosure of inflation data in America. Crude oil…
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Crude oil prices rise 2%… and Brent is above $87 – (Update)
Crude oil prices rose by more than 2% at the end of trading today, Wednesday, April 12 (2023), to continue to reap gains for the second consecutive session, after the release of US inventories data. This comes at a time when US inflation data showed a decline in the consumer price index in the United…
