Tag: prices
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Diesel prices in the United States continue to decline, and an important role for Middle Eastern exports
Diesel prices in the United States continued their continuous decline since the beginning of this year (2023), to record levels lower than the numbers recorded before the Russian-Ukrainian war. Low-sulphur diesel futures prices have been in continuous decline since January 2023, through May 2023, when the average price fell $0.50 a gallon below February 2022…
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Indian Oil Minister: OPEC+ cuts did not raise oil prices for several reasons
Indian Oil Minister Hardeep Singh Puri has expressed his concerns about the continuation of OPEC+ cuts in crude oil production, estimated at around two million barrels per day until the end of 2023, as well as additional voluntary cuts by several member states of the Alliance of Major Producers. Puri warned that the continuation of…
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A report expects an increase in oil prices and a decrease in supply by 2 million barrels per day
A recent report sheds light on the developments in oil prices, according to global oil stocks that have not witnessed a decline due to the abundance of supply in the markets. The report – issued by the Swiss investment bank “UBS” – confirmed that although demand for oil remains strong, supply from several locations witnessed…
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Britain requires a drop in oil prices to $71 to stop the exceptional tax
Britain set a condition for falling oil prices in order to stop the exceptional profits tax it imposed last year, which angered a large number of international oil companies, and prompted others to liquidate their business in the North Sea or reduce their activities. The British Finance Ministry said today, Friday, that the sudden British…
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The Secretary General of OPEC talks to “energy” about the decisions of OPEC +, and will oil prices reach $100? (a dialogue)
Read in this article Engineer Jamal Al-Loughani: OPEC + is taking proactive and preventive measures after a careful reading of the oil market outcomes The new decisions support the stability and balance of the market, especially in light of the uncertainty surrounding the global economy Crude oil prices are determined based on a combination of…
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Crude oil prices rise for the third session… and Brent near $77 a barrel – (Update)
Crude oil prices rose at the end of trading today, Monday, June 5, 2023, to continue to reap gains for the third consecutive session, supported by the moves of the coalition of major producers in the OPEC + coalition – led by Saudi Arabia – who agreed to extend the voluntary production cut agreement until…
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Postponing the review of fuel prices in India due to the Saudi surprise
Suggestions for postponing the review of fuel prices in India began to emerge after Saudi Arabia’s decision to voluntarily reduce its production by one million barrels of oil per day for a month starting on July 1, after the ministerial meeting of the “OPEC +” alliance, yesterday, Sunday, June 4, 2023, and the price increase…
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Saudi Aramco raises oil selling prices in July at a significant pace
Saudi Aramco announced the new official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the month of July (2023). The company went against expectations and decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by…
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Oil prices decline 2%, recording strong monthly losses – (update)
Crude oil prices continued to decline by about 2% at the end of trading today, Wednesday, May 31 (2023), at a time when concerns were growing about the prospects for a slowdown in demand for crude from China (the largest oil importer in the world), in conjunction with the issuance of weaker economic data than…
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Gasoline prices in Jordan for the month of June 2023 hold a surprise for citizens
Gasoline prices in Jordan for the month of June 2023 decreased again, recording the fifth decline during the current year, after it had recorded a rise that contradicted experts’ expectations during the current month of May, as the Jordanian government reduced the price of gasoline of all kinds, and diesel, with values ranging from Between…
