Tag: OPEC
Oil prices rise 3% .. and Brent crude is near 104 dollars Oil prices rose nearly 3% during Monday’s trading, supported by a weak dollar and tight supplies. Prices continued to gain, offsetting concerns about a recession and the possibility of a widespread coronavirus shutdown in China; Which again led to reduced demand for fuel. […]
Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US President Joe Biden’s visit to the Kingdom. This comes with further support from indications that the US Federal Reserve may raise interest rates less sharply […]
Oil prices fell by more than 3% during trading today, Tuesday, July 12, 2022, with the increase in infections with the new Corona virus in China, the largest importer of crude in the world. And the Covid-19 injuries in China supported fears of a global economic slowdown, which affected the outlook for fuel demand. Oil […]
Oil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in most countries of the world hit record levels. Oil prices today The price of the […]
Oil prices are falling in volatile trading.. Brent crude is near $112 Oil prices declined, during trading today, Tuesday, July 5, 2022, with increasing fears of supply disruptions, amid a possible production cut in Norway. Fears of a lack of supplies, in conjunction with an increase in demand for fuel, overshadowed a possible global recession […]
Oil prices rose by more than 2%, during trading today, Friday, July 1, 2022, to compensate for most of the losses witnessed in the previous session. The rise came after it eased during morning trading, as supply disruptions in Libya and the expected shutdown in Norway exceeded expectations that an economic slowdown could dampen demand. […]
The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the war in Ukraine. Despite the difficulty of achieving this, the Group of Seven countries believes […]
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, […]
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 […]
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 […]
