Weekly loss for oil costs in international markets… 1.7% for Brent crude – Youm7

Weekly loss for oil costs in international markets… 1.7% for Brent crude – Youm7

Listed costs Oil World markets suffered weekly losses, as international benchmark crude oil declined Brent By about 1.7%, crude additionally declined West Texas The American median is about 1.1%. Oil costs recorded $85.03 per barrel for Brent crude futures contracts, whereas US West Texas Intermediate crude futures contracts recorded $82.21 per barrel when settled on … Read more

Weekly gains in oil prices in global markets… 2% for American crude – Youm7

Weekly gains in oil prices in global markets… 2% for American crude – Youm7

Listed prices Oil Global markets recorded weekly gains, as Brent crude, the global benchmark, rose around 1%, and US West Texas Intermediate crude rose around 2%. Oil prices hit $83.98 a barrel for Brent crude futures, while US West Texas Intermediate crude futures hit $80.06 a barrel when settled on Friday. Tunisia’s Minister of Industry, … Read more

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

WTI Oil Prices Fall Near $82 as Israel-Iran Conflict Escalates: Easter Deadline Looms

WTI Oil Prices Fall Near  as Israel-Iran Conflict Escalates: Easter Deadline Looms

WTI oil prices fell to near the $82 level as investors did not expect the conflict betweenIsraelandIranspread inwarin the area From 10:21pm Thai time, pricecrude oilwest texas (WTI) Delivered in May minus $0.52 or 0.63% to $82.14/barrel. cabinetwarfromIsraelA meeting will be held today to discuss countermeasures.Iran While the United States and Western countries askedIsraelavoid attackIran … Read more

Stock Market Update: Asian Stocks Fluctuate Amid Pressure from Crude Oil Prices and Economic Uncertainty

Mr.Asian stock marketwhich moves both in positive and negative range with pressure from pricescrude oilA drop above $2 could cause selling pressure. PTTEP There was a lot of speculation yesterday. Meanwhile, TISCO Financial Group Public Company Limited (TISCO) reported 1Q2024 results, contracted profit of 3.3% YoY, and revealed that the outlook for the rest of … Read more

Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

Oil prices achieved weekly gains in global markets, with Brent crude, the international benchmark, recording about 2.5% and 2.5% for US West Texas Intermediate crude. Oil prices rose significantly in the last sessions of March, Thursday, in light of the continuing geopolitical tensions in the world. Upon settlement on Thursday, US crude futures contracts rose … Read more

Rising Cost of Renminbi-Denominated Financing in Russia Pushes Companies to Make Difficult Choices

Rising Cost of Renminbi-Denominated Financing in Russia Pushes Companies to Make Difficult Choices

The cost of renminbi-denominated financing is rising in Russia, and the yuan’s liquidity is drying up. Access to foreign currency has become more difficult for Russian companies, which face much higher domestic interest rates and face a spate of debt maturities this year. Two years after the invasion of Ukraine, Russia’s major energy and mining … 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