2023-12-15 12:00:00 Written by – Marwa Al-Ghoul Friday, December 15, 2023 02:00 PM It rose Oil pricesToday, Friday, by 3% at settlement, continuing its gains from the last session, supported by the decline of the dollar and the rise International Energy AgencyIts forecast for oil demand next year. Brent crude futures rose $2.35, or 3.2%, … Read more
2023-08-15 15:00:20 Decisions to cut production from Saudi Arabia and Russia within the framework of OPEC + have contributed to pushing prices higher over the past seven weeks. Data on industrial production and retail sales in China showed, on Tuesday, that the economy slowed further last month, adding to the pressure on already fragile growth, … Read more
2023-06-06 17:24:39 The US Energy Information Administration said, on Tuesday, in its short-term energy outlook: “The US production of crude oil will rise more than expected, and the increases in demand will fall below previous expectations this year.” The administration currently expects US crude production to rise by 720 thousand barrels per day to 12.61 … Read more
Oil prices were negatively affected by both Renewed concerns about a global economic slowdown, with business activity contracting in the United States of America for the seventh month in a row. The indications are the rise in Russian oil exports to meet the strong demand in Asia and to try to benefit from the rise … Read more
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Crude futures fell Brent 33 cents, or 0.3 percent, to $95.44 a barrel, by 0054 GMT. while soaring US West Texas Intermediate crude futures contracts to $89.13 a barrel, and increased by $2.26, or 2.6 percent, from Friday’s close. The markets were closed in the United States yesterday, Monday, due … Read more
Oil prices rose more than $2 a barrel on Monday, extending gains as investors awaited possible moves by OPEC+ producers to cut production and support prices at a meeting later in the day.Brent crude futures rose $2.43, or 2.6 percent, to $95.45 a barrel by 0850 GMT, after rising 0.7 percent on Friday.US West Texas … Read more
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" On Monday, the official Saudi Press Agency quoted Saudi Energy Minister Prince Abdulaziz bin Salman as telling Bloomberg that OPEC + has the means and flexibility to deal with challenges, including reducing production. and finished Brent crude oil contracts For the nearest maturity of the trading session, it rose $3.74, … Read more