Tag: oil

Jun 28
Global energy consumption will exceed pre-corona levels in 2021

Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]

Jun 24
Oil prices rise 4%, and Brent crude is above $113

Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could push the global economy into recession. US Federal Reserve Chairman Jerome Powell said Thursday that […]

Jun 22
Oil prices are down 5%, and Brent crude is below $110

Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden’s effort to reduce high fuel costs. The White House is putting pressure on America’s major energy companies; To help alleviate the suffering of drivers during peak summer […]

Jun 20
China’s imports of Russian oil jump 55% in May

China’s imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China’s General Customs Administration data indicated today, Monday, June 20, that Russian oil imports are transported through East Siberian and Pacific pipelines, the Guardian reported. The newspaper […]

Jun 17
Oil prices are rising… and Brent crude is above $120

Oil prices rose today, Friday, June 17, 2022, with continued supply tightening and new US sanctions to limit Iranian oil exports. Crude prices had started trading lower, with concerns about demand emerging in the wake of US interest rate increases. Oil Prices Today The price of the futures contracts for the benchmark Brent crude – […]

Jun 15
Oil prices are falling in volatile trading.. Brent crude is above $120

Oil prices are falling in volatile trading.. Brent crude is above $120 Oil prices fell, in volatile trading today, Wednesday, June 15, 2022, amid fears that the economic recession and new closures of the Corona virus in China will affect oil demand. Crude prices had started trading on a rise today, before an expected big […]

Jun 09
Russia’s fossil fuel exports to Europe feed Moscow’s coffers with $64 billion

Moscow continues to make solid gains from selling Russian fossil fuels to the European Union, despite sanctions and lower imports. The European Union’s imports of Russian energy have reached 60 billion euros ($64.4 billion) since Russia launched its war on Ukraine last February, according to a new tracking tool developed by the Europe Beyond Coal […]

Jun 08
Oil prices rise .. Brent crude above $ 121

Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year. Oil Prices Today The price of the […]

Jun 03
The dollar rose after job growth in the United States exceeded expectations.

The dollar rose after job growth in the United States exceeded expectations. The US dollar edged higher against a basket of currencies on Friday, as a better-than-expected US employment report pointed to a tight labor market, which could lead to interest rate hikes by the Federal Reserve. Nonfarm payrolls increased by 390,000 jobs last month, […]

Jun 01
Oil prices rose and Brent crude is near $117

Oil prices rose during trading today, Wednesday, June 1, 2022, after European Union leaders agreed on a partial and gradual ban on Russian oil, coinciding with China ending its closure due to Covid-19 in Shanghai. Oil prices had concluded yesterday’s session, amid volatile trading; US crude turned lower, while Brent crude rose near $123. Oil […]