Tag: record
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Oil prices decline 2% … and record weekly gains – (Update)
Oil prices fell by about 2%, at the end of trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it achieved its third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply…
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Iran’s exports of liquefied petroleum gas hit record levels
Iran’s liquefied petroleum gas exports rose to record levels last May, with shipments increasing to China, Iraq and South Asia. Iranian liquefied oil gas exports in May were about 973.26 thousand tons; That is, a third above loading shipments in April, exceeding the 859,000 tons recorded in May 2022, according to data seen by the…
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Oil prices record quarterly losses for the fourth time in a row – (Update)
Oil prices rose by more than 1% at the end of trading today, Friday, June 30 (2023), to continue to reap gains for the third consecutive session, supported by hopes for a recovery in demand for crude, but it recorded quarterly losses for the fourth time in a row. Oil markets achieved their first monthly…
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Oil prices decline for the second session and record weekly losses – (Update)
Oil prices fell, at the end of trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that might limit demand. Oil markets recorded a weekly decline of about 4%, with a higher-than-expected rate hike in Britain and warnings of looming increases…
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Crude oil prices rise 2.5% and record weekly losses – (Update)
Crude oil prices rose by about 2.5%, at the end of today’s trading, Friday, June 2, to continue the gains achieved in the previous session; The approval of raising the US debt ceiling, and the possibility of the Federal Reserve stopping raising interest rates contributed to calming market concerns, in addition to the possibility of…
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Saudi Arabia’s imports of Russian diesel recorded a record jump
Saudi Arabia’s imports of Russian diesel reached a record level in May (2023), benefiting from the discounts offered by Moscow, after the European Union banned Russian exports of seaborne oil products on February 5 of this year, as part of a series of Sanctions in response to the war in Ukraine, which aim to reduce…
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Crude oil prices fall by more than 1% and record losses for the fourth week – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, May 12 (2023), for the third session in a row, to record its fourth weekly loss. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil…
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Officially.. Aramco’s business results in the first quarter of 2023 record profits of $31.8 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to the experts’ forecast of $31.2 billion. Although it; Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net income of…
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Aramco’s business results in the first quarter of 2023 record profits of $31.88 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to experts’ expectations, which it set at $31.2 billion. Despite this, Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net…
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Crude oil prices jump by more than 4% … and record weekly losses – (update)
Oil prices extended their gains to more than 4%, at the end of trading today, Friday, May 5 (2023), but recorded weekly losses for the third time in a row. This comes after the markets witnessed a significant decline amid fears of the economic impact of higher interest rates and slowing Chinese demand. Oil drilling…
