Written by – Marwa Al-Ghoul Monday, September 25, 2023 02:00 PM Recorded Oil prices Today, Monday, Brent crude futures reached $93.27 per barrel, and US West Texas Intermediate crude futures recorded $90.03 per barrel, as prices witnessed a slight rise today. Oil prices in global markets recorded weekly losses for the first time in a … Read more
West Texas Crude Oil (WTI) contracts in New York closed negative on Thursday (Sept. 21), with the market pressured by concerns that high interest rates could affect the economy and oil demand. However, WTI oil prices closed slightly lower. This was because news of Russia announcing the suspension of oil exports around the world was … Read more
The unabated rise in oil prices is forcing the world to reconsider investment strategies. Airline stocks, currencies of oil importing countries, and government bond yields. These are just a handful of asset classes that are beginning to reflect the reality of North Sea Brent futures reaching the $95/barrel range. Meanwhile, strategists at Goldman Sachs Group … Read more
Analysts at ANZ said in a note that the growth in global oil demand is heading towards recording 2.1 million barrels per day, which is consistent with the expectations of the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC). Traders are awaiting monetary policy decisions by central banks, including the Federal … Read more
WTI Crude Oil Continues Rebound Recently broke the level of $ 87 amid concerns about tight oil conditions. At 11:01 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in October. Which traded on the NYMEX plus $ 0.39, or 0.45%, to $ 87.08 / barrel. WTI oil prices closed higher yesterday to … Read more
Saudi Arabia will extend its voluntary oil production cuts for another three months in a bid to shore up fragile global markets. Russia will also continue to cut crude oil exports for the same period. According to the state-run Saudi Press Agency (SPA), Saudi Arabia will continue its voluntary production cut of 1 million barrels … Read more
Four Ukrainian provinces that Russia unilaterally annexed last year are preparing to hold Russian-led elections. It is part of the Russian regional elections, which end on October 10. In June, the European Union accused Russia of planning elections in Donetsk, Lugansk, Zaporizhia and Kherson. It said such a move would “seriously violate the United Nations … Read more
Goldman Sachs said in a report dated 22nd that a decline in commercial inventories in OECD member countries could push up its end-2023 North Sea Brent price forecast of $86 a barrel by $2. pointed out. Taken at the New York Stock Exchange in 2021. (2023 REUTERS/Andrew Kelly/File Photo) (Reuters) – Declining commercial inventories in … Read more
I wrote – Marwa Al-Ghoul Tuesday, August 15, 2023 09:00 PM I retracted prices oil In early trading today, ahead of a string of economic data from China that would provide clues to expectations of any recovery in demand from the world’s largest oil importer. US West Texas Intermediate crude fell 11 cents, or 0.13%, … Read more
I wrote – Marwa Al Ghoul Monday, August 14, 2023 02:00 PM Oil prices recorded today, Monday, $85.73 a barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures recorded $82.12 a barrel. The Kingdom of Bahrain welcomed the United Nations announcement of the completion of the withdrawal of crude oil from … Read more