Al-Marsad Newspaper – Agencies: Oil prices fell, about four percent, on Monday, affected by weak data for the manufacturing sector in a few countries on demand expectations. Oil prices fell as investors prepared for a meeting of “OPEC” and its allies among crude producers on supplies, this week. Brent crude contracts ended the trading session … Read more
Al-Marsad newspaper: Crown Prince Mohammed bin Salman said that the Kingdom announced an increase in oil production capacity to 13 million barrels per day, after which the Kingdom will not have any additional capacity to increase. The Crown Prince stressed the importance of continuing and encouraging investments in fossil energy and clean technologies over the … Read more
Al Marsad newspaper: For the first time in nearly two months, crude oil prices fell below $100 a barrel, reflecting investors’ growing concerns about an economic recession in the United States that could curb demand for oil. The price of West Texas Intermediate crude fell 10% on Tuesday, hitting a low of $97.43 before closing … Read more
Al-Marsad newspaper – agencies: Oil prices continued to rise, today, Thursday, supported by strong demand in the United States, the largest consumer in the world, while demand in China is expected to recover with the easing of restrictions to combat the Corona virus in major cities. Brent crude futures for August delivery rose 50 cents, … Read more
Al-Marsad Newspaper – Agencies: Oil prices rose due to an expected recovery in demand in China, with the second largest economy in the world easing strict restrictions imposed to contain the Covid-19 pandemic, and amid doubts that the increase in production targeted by OPEC + producers will ease the tight supply. Brent crude futures rose … Read more
Al-Marsad Newspaper – Agencies: Oil recorded the sixth weekly gain after the highly anticipated OPEC + meeting achieved a modest increase in production, to continue concerns about the widening levels of the supply deficit in the markets. West Texas Intermediate crude rose to settle above $118, achieving a weekly gain of 3.3%, while Brent crude … Read more
Oil prices rose to a two-month high on Monday, as traders waited to see if the European Union would reach an agreement on a Russian oil embargo ahead of a meeting related to the sixth package of sanctions against Moscow over the Ukraine war. Brent crude futures for July rose more than a dollar to … Read more
Al-Marsad newspaper – agencies: Oil prices rose, on Tuesday, compensating for losses incurred earlier in the session, as it outweighed the impact of the decline in global supplies and an expected increase in fuel demand during the summer travel season in the United States. Brent crude rose 18 cents, or 0.2%, to $113.60 a barrel. … Read more