Sales of Iranian crude, gas concentrates and petrochemicals have risen dramatically in the past 10 months, the country’s oil minister said, according to Bloomberg. Addressing lawmakers in Tehran, Javad Owji said Iran’s budget for the year beginning March 21 had taken into account daily oil sales of 1.2 million barrels, the official Shana news agency […]
Tag: oil
Oil: Earnings of 6.2% and 5.3% per week for WTI and Brent respectively
Oil prices closed higher on Friday, marking the fourth consecutive weekly rise, with analysts warning of potential energy market turmoil as tensions between Russia and Ukraine escalate. “From an energy point of view, this could be a very important event,” said Phil Flynn, senior market analyst at Price Futures Group. “Russia is not only a […]
Russia: We are not responsible for the energy crisis – We will produce 10.1 million barrels of crude oil per day in January
Neither Gazprom nor Russia is responsible for the energy crisis in Europe, said Russian Deputy Prime Minister Alexander Novak, responding to statements by the director of the International Energy Agency (IEA). “Of course, what surprised me was the statement by the head of such a respected organization as the ILO, which is trying to turn […]
Oil closed with mild losses
Oil prices fell on Thursday, a day after rising to a two-month high, with investors still optimistic about demand as the spread of the Omicron variant of the coronavirus showed signs of slowing, while crude supplies remained tight. Particularly, the American WTI crude delivery in February lost 38 cents or 0.5% to $ 82.26 a […]
Libya: Just under 1 million barrels per day of oil production
Libya’s oil production is gradually increasing after the end of the blockade of its western fields and the reopening of ports in the east, according to the Libyan Minister of Oil and Gas. Production is 963,000 barrels per day, Mohamed Owen said in response to questions from Bloomberg on Thursday. Production has fluctuated significantly since […]
Norway: Oil production will increase by 9% by 2024
Norway’s total oil production is expected to increase over the next three years, as the Norwegian Petroleum Authority (NPD) said on Thursday that oil and gas production is expanding. According to Reuters, the combined volume is expected to reach 4.33 million barrels of equivalent oil in 2024, an increase of 9.1% from the preliminary measurement […]
Reuters: Analysts do not rule out even $ 100 for oil
Oil prices will continue to record gains in 2022 after the rally of 2021 by 50%, as analysts estimate, even exceeding the level of $ 100 a barrel due to production capacity shortages and limited investment in the sector, transmits Reuters. Although the coronavirus’s micron mutation has driven cases far above the 2021 high, analysts […]
At a two-month high the crude
LAST UPDATE 22:35 Oil prices rallied on Tuesday amid optimism that the possible shocks to the economy from the micron mutation will be short-lived and will not affect the course of demand. In particular, the crude for February delivery gained $ 2.99 or 3.8% and closed at $ 81.22 a barrel on the New York […]
‘Jump’ almost 5% for the crude in the week… I say Kazakhstan
Despite the slight decline in oil prices at Friday’s meeting, the continuing turmoil in Kazakhstan – which threatens to exacerbate supply problems that have contributed to rising crude prices – has helped fuel a “jump” of almost 5% in week period. Violent protests sparked in the Asian country by the sharp rise in fuel prices […]
Electricity and oil prices are ‘out of control’ in Germany as well
Tariffs for electricity and heating oil are also recording an unprecedented rise in Germany. New increases are expected in 2022. Is the market or the state responsible? Can the pandemic be to blame for everything? The truth is that after the global economy shrank significantly in 2020, the first signs of recovery had triggered unexpectedly […]
