Tag: raises
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Only one scenario raises oil prices to $100
Anas Al-Hajji, editorial advisor for the specialized energy platform, energy economics expert, said that oil prices may rise to the $100 barrier, but this will only happen in one case. Al-Hajji explained, in an episode of his program, “Energy humanitiesHe presented it in the Twitter spaces, entitled “A preliminary look at the oil markets in…
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Saudi Aramco violates expectations and raises oil selling prices
Saudi Aramco announced the official prices for the sale of shipments of Arab Light crude during the coming month of August (2023), to its customers in Asia, Europe and the United States. The company decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by 20 US…
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The Energy Information Administration raises oil price forecasts by 13% in 2024
The US Energy Information Administration raised expectations for crude oil prices by about 13% during the next year (2024), and also strengthened its estimates for the year 2023, after the OPEC + alliance decided to stabilize the supply reduction policy, with an adjustment to the base month through which the production quotas of members in…
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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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Colombia’s Ecopetrol raises workers’ wages for 4 years
Colombia’s Ecopetrol has struck an agreement with trade unions to raise workers’ salaries in the face of inflation, as well as to support communities near the company’s facilities. And the company stated – in a press release issued on Monday (May 22, 2023) – that it had reached a 4-year contract with 7 unions, which…
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The Energy Information Administration raises oil price forecasts in 2023 and 2024
The US Energy Information Administration raised its forecast for oil prices in 2023 and 2024, and also strengthened its estimates for US crude production. And the Short-Term Energy Outlook report for April 2023 – issued today, Tuesday (April 11), showed that the average price of West Texas Intermediate crude oil may reach $ 79.24 a…
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Qatar Energy raises the selling price of Al-Shaheen crude for June delivery
Qatar Energy Company intends to raise the official selling prices for Al-Shaheen crude, loading next June, after their decline in next May. Qatar is scheduled to raise the future price of Al-Shaheen crude in June by about $0.36 compared to next May shipments, according to data seen by the specialized energy platform. Qatar Energy Company…
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Saudi Aramco raises its official selling oil prices to Asia in May
Saudi Aramco announced the official prices for selling shipments of Arab Light crude to its customers in Asia, Europe and the United States, during the coming month of May (2023). The company decided to raise the official Saudi oil selling prices for Arab Light crude to Asia by 30 US cents to $2.80 per barrel,…
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Kuwait raises the selling prices of oil to its customers in Asia during April
Kuwait raised the official selling price for its oil shipments for the month of April (2023) to its customers in Asia, following in the footsteps of Saudi Aramco. The KPC price document – which was seen by the specialized energy platform – for shipments for the month of April, showed that the price of a…
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Al-Zour refinery in Kuwait raises its capacity to 410,000 barrels per day
Today, Tuesday, March 7 (2023), Kuwait started operating the second phase of the Al-Zour refinery, raising its production capacity to 410,000 barrels. The CEO of the Kuwait Integrated Petroleum Industries Company (KIPIC), Walid Al-Badr, said that the refinery is one of the most important strategic national projects for the State of Kuwait. Kuwait is counting…
