Oil prices eased on Friday as lingering worries about a slowdown in demand weighed on sentiment, sending benchmarks on track for a third straight week of losses. Brent was down 20 cents, or 0.2%, at $108.83 a barrel, while WTI was down 0.4% at $105.39 a barrel. “Earlier in the session, the market recovered slightly […]
Tag: Oil Market
Oil jumps more than 40% in the first half – Profits in the quarter as well, losses in June
International oil prices fell as much as 3% on Thursday after the wider OPEC+ cartel decided to increase production in August only by the amount it plans to, without giving details on how move from September. The decision was made despite the particularly “pressured” global offer. The global benchmark, Brent oil for September delivery It […]
Over 40% jump for oil in the first half – At +54% in June natural gas
International oil prices fell as much as 3% on Thursday after the wider OPEC+ cartel decided to increase production in August only by the amount it plans to, without giving details on how move from September. The decision was made despite the particularly “pressured” global offer. The global benchmark, Brent oil for September delivery It […]
OPEC + is expected to keep its production unchanged
The two-day OPEC + meeting ends today without a decision on boosting production, according to Reuters, citing sources. At the previous meeting in early June, OPEC + decided to increase its production by 648,000 barrels per day in July and August compared to its previous plan to boost it by 432,000 barrels per day. Washington […]
Oil: Prices rise as global supply concerns intensify
Oil prices are on the rise after the morning drop in Asian trade, as concerns about the tightness of global supply offset the increase in gasoline stocks. Brent rose 63 cents, or 0.6 percent, to $ 113.08 a barrel, while West Texas Intermediate rose 49 cents, or 0.5 percent, to $ 110.27 a barrel. “Crude […]
Fears of a recession also led to a drop in oil prices
Oil fell on a three-day slump on Wednesday as fears of a slowdown in the global economy and declining demand came as central banks tightened monetary policy. Earlier, crude oil prices temporarily rose, backed by the announcement by the Energy Information Administration (EIA) that US oil reserves had fallen in the past two weeks. In […]
Oil prices are falling
Oil prices fell in a break after three consecutive uptrends, as worries about the global economy eased, while limited supply “picked up” the losses. Brent crude for August delivery fell 98 cents, or 0.8 percent, to $ 117 a barrel, while the West Texas Intermediate fell 0.6 percent, or 62 cents, to $ 111.14 a […]
Strong gains for oil
Oil prices closed higher on Tuesday, prompting concerns that Saudi Arabia and the United Arab Emirates did not have much room to increase production to cover Russian oil losses. In particular, the crude for August delivery gained $ 2.19 or 2% and closed at $ 111.76 a barrel on the New York Mercantile Exchange. This […]
Oil prices continue to rise for a third day
Oil prices rose for a third day as major oil producers Saudi Arabia and the United Arab Emirates seemed unlikely to boost production significantly, as political unrest in Libya and Ecuador heightened supply concerns. West texas intermediate rose $ 1.8, or 1.6%, to $ 111.36 a barrel, while brent futures rose $ 1.9, or 1.7%, […]
Venezuela calls on French companies to explore for oil
Venezuelan President Nicolas Maduro on Monday night called on French companies to go to his country, following France’s announcement that it would seek to “diversify its supplies”, looking at possibilities in Iran and Venezuela to halt price rises. of fuel due to the war in Ukraine. “President Macron! Venezuela is ready to welcome all French […]