Tag: oil

Oil prices reach their highest level in two months, and Brent crude is near $120 Oil prices rose in trading today, Monday, May 30, 2022, recording their highest levels in more than two months before the European Union meeting on imposing new sanctions on Russia. The oil market is awaiting whether the new package of […]

With natural gas prices soaring, blue hydrogen is no longer a low-cost solution for the UK, but the focus on it is jeopardizing the country’s energy security amid the current supply crunch from Russia’s invasion of Ukraine. A recent report by the Institute for Energy Economics and Financial Analysis finds that the projected cost of […]

Oil prices are rising.. Brent crude above $ 116 Oil prices rose during trading today, Thursday, May 26, 2022, to continue their cautious rise this week, amid indications of a tight supply. It comes as the European Union is arguing with Hungary over plans to ban oil imports from Russia, the world’s second-largest crude exporter, […]

Iraq is preparing to reap many profits from the rise in oil prices, which have been trading above the $100 per barrel barrier since the beginning of this year. Iraq expects that there will be no budget deficit, supported by the rise in crude prices, with financial savings that will be directed to a number […]

Indian crude processing increases in April as low-cost Russian oil boosts returns. According to government data released on Tuesday, Indian refiners’ April crude oil throughput was 8.5 % higher year on year, as refiners ramped up runs to take advantage of high returns from discounted Russian oil purchases. According to the data, crude oil throughput […]

Oil prices rose about 1% during trading on Monday, with the increase in demand in the United States for fuel and the scarcity of supply. This comes as Shanghai, the economic capital of China, is happy to reopen its doors after a two-month closure; This has raised concerns about a sharp slowdown in growth. This […]

The production of jet fuel in China witnessed a sharp decline, during the month of April, as part of the price the country is paying in its fierce war against the Corona virus, which was born globally for the first time from the womb of the Chinese city of Wuhan in March of the year […]

Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]

Oil prices fell in early trading, today, Monday, May 16th; This limited investors’ gains, due to concerns about supply at a time when the European Union is preparing to ban the import of Russian oil, and also with a limited increase in OPEC production. The two benchmarks, which gained about 4% last Friday, had earlier […]

Equinor announced its sixth oil discovery on the Norwegian continental shelf this year, it said in a press release on its website on Monday. The new discovery comes in partnership with the Norwegian companies “Bigning Upstream” and “Longboat Energy” of Norway. Expectations indicate that the discovery, which is the “6407/1-9-Egyptian Vulture” well, contains confirmed quantities […]