Iraq’s Prime Minister Announces Increase in Oil Investments, Brent Crude Futures Drop

Iraq’s Prime Minister Announces Increase in Oil Investments, Brent Crude Futures Drop

Written by: Marwa Al-Ghoul Sunday, May 12, 2024 02:00 p.m Brent crude futures recorded a weekly loss of 0.2% for the second week in a row. The Prime Minister of Iraq, Muhammad Shiaa Al-Sudani, confirmed that the recent improvements made by the government in the petroleum sector; It contributed significantly to attracting investments from international … Read more

Manchester United Goalkeeper Andre Onana Emerges as Savior, Receives Praise from Legends

Manchester United Goalkeeper Andre Onana Emerges as Savior, Receives Praise from Legends

Reporter Wonhee Lee | 2024.03.31 22:42 Andre Onana. /AFPBBNews=News 1 The evaluation changed in less than one season. England Manchester United goalkeeper Andre Onana (28), who was treated as a ‘scam’, has emerged as the team’s savior. Manchester United drew 1-1 in the away game against Brentford in the 30th round of the 2023-2024 English … Read more

Weekly Gains in Global Oil Markets: Factors Behind the Rise in Oil Prices

Weekly Gains in Global Oil Markets: Factors Behind the Rise in Oil Prices

The Organization of Arab Petroleum Exporting Countries, OAPEC, published weekly developments in global oil markets, as crude oil prices achieved weekly gains in futures markets, amounting to about 2.4% for Brent crude and 4.5% for US West Texas Intermediate crude. The report stated that the main factors that contributed to the rise in oil prices … Read more

Oil Prices Decrease in Early Transactions Amid Caution from Federal Reserve Officials

Oil Prices Decrease in Early Transactions Amid Caution from Federal Reserve Officials

Written by Marwa Al-Ghoul Monday, February 19, 2024 02:00 PM It decreased Oil prices In early transactions today, as markets absorbed comments from Federal Reserve officials indicating caution before a possible rate cut, while transactions were weak on a public holiday in the United States. Brent crude futures fell 58 cents, or 0.69%, to record … Read more

Oil Prices Vary as Investors Weigh Slowdown in Demand and Weak US Retail Sales Data

Oil Prices Vary as Investors Weigh Slowdown in Demand and Weak US Retail Sales Data

Oil prices varied today as investors evaluated expectations of a slowdown in demand and weak US retail sales data revived hopes for a cut in US interest rates. Brent crude futures fell 11 cents, equivalent to 0.1%, to $82.75 per barrel, while US West Texas Intermediate crude futures rose one cent to $78.04 per barrel, … Read more

Oil Prices Fall in Early Asian Trading as Crude Inventories Increase

Oil Prices Fall in Early Asian Trading as Crude Inventories Increase

Oil prices fell in early Asian trading today, after the American Petroleum Institute announced that crude inventories increased more than expected last week, and investors’ expectations for the US Central Bank to reduce interest rates declined. The decline in Brent crude futures reached 29 cents, equivalent to 0.4%, to reach $82.48, while US West Texas … Read more

World Oil Prices Surge 2% After Houthi Attacks on Commercial Ships in Red Sea

World Oil Prices Surge 2% After Houthi Attacks on Commercial Ships in Red Sea

Jakarta – World oil prices rose 2% in trading last Tuesday, this was the highest increase in a month. The main factor triggering the increase in world oil prices was the heated situation in the Red Sea after the Houthi group in Yemen attacked several commercial ships. Reporting from Reuters, Wednesday (27/12/2023), the price of … Read more

US Energy Information Administration and Goldman Sachs Lower Oil Price Forecast for 2024

US Energy Information Administration and Goldman Sachs Lower Oil Price Forecast for 2024

In mid-December, the US Energy Information Administration reduced the price of “Brent” brand crude oil in the North Sea, as well as the bank “Goldman Sachs” significantly reduced the oil price forecast for 2024. Only a month ago, the agency predicted that a barrel of oil would cost an average of 93 dollars next year. … Read more