Tag: time
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Saudi Aramco treats oil from plastic waste.. for the first time
Saudi Aramco and SABIC, and French Total Energy, have succeeded in converting oil derived from plastic waste into certified circular polymers that have the International Certificate of Sustainability and Carbon (ISCC Plus) for the first time in the Middle East and North Africa. The oil derived from plastic waste (pyrolysis oil) was processed at the…
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Safer tank rescue ship reaches the coast of Yemen.. Will the world get rid of the “time bomb”?
The Safer reservoir is preparing to dispose of more than a million barrels of oil, after the arrival of a ship owned by the United Nations off the coast of Yemen, which could save the world from an imminent oil spill disaster, although the risks are still great. The Safer tank, which is about 47…
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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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The global price of a barrel of oil declined for the first time in 4 consecutive sessions – (Update)
The global price of a barrel of oil returned to decline, at the end of trading today, Tuesday, June 6 (2023), for the first time in 4 consecutive sessions, giving up the gains it achieved during recent trading, at a time when concerns about the global economic recession increased, and the possibility of a decline…
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Gasoline prices in Syria rise by 20% for the second time in 2023
Gasoline prices in Syria recorded an increase of more than 20% at gas stations today, Tuesday, May 23 (2023), which is the second increase during the current year. Late yesterday evening, Monday, May 22, the Syrian government announced a move in the prices of gasoline and domestic gas by rates ranging between 20 and 30…
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Crude oil prices rise for the first time in 3 sessions… and Brent is above $78 – (Update)
Crude oil prices rose, at the end of trading today, Thursday, April 27 (2023), in an attempt to reduce the huge losses incurred during the previous two sessions. The major decline in the oil markets was driven by fears of a US recession and an increase in Russian oil exports. This reduced the impact of…
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Chinese fuel exports decreased for the second time in 2023
Chinese fuel exports in the second batch of 2023 are expected to decline by up to 12 million tons (85.2 million barrels), as domestic demand continues to improve. A survey of 4 government refining sources and 3 consulting firms showed that the second batch of export quotas for gasoline, red diesel and jet fuel could…
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Crude oil prices fell for the first time in 5 sessions… and Brent near $85 – (Update)
Crude oil prices witnessed a difference at the end of the day, Wednesday, April 5 (2023); US crude fell after 4 sessions of gains, pressured by fears of an economic recession that might limit demand, while Brent crude rose near $85 a barrel. Crude prices rose, supported by lower US oil inventories and OPEC’s announcement…
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Energy expert: Oil prices will continue in the range of 80 and 86 dollars for a long time
The sudden announcement of a number of OPEC+ countries to cut production led to a rise in oil prices by about 8%, as it jumped above $85, before witnessing a slight decline. Christoph Rohl, senior researcher at the Center for Global Energy Policy at Columbia University, said – in statements to the specialized energy platform…
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Crude oil prices decline for the first time in 3 sessions – (Update)
Crude oil prices fell at the end of trading today, Wednesday, March 29 (2023), to fall for the first time in 3 consecutive sessions, with the issuance of the US inventory report. Crude prices rose during trading, after the US Energy Information Administration showed that oil inventories in the United States decreased by 7.5 million…
