registered Oil prices 76.13 dollars a barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures recorded 71.74 dollars, as prices rose at the end of Friday’s trading by about 2.5%. The “Cairo News” channel reported that oil prices rose on Friday, amid a recovery in sentiment as a result of the … Read more
WTI crude futures rose more than 2% to $74 today. After the United States revealed that Crude stocks fell more than expected last week. which indicates strong demand. At 9:57 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in July. which traded on the NYMEX plus $ 1.49, or 2.04%, to $ … Read more
Written by Marwa Al Ghoul Sunday, May 14, 2023 03:00 AM The latest forecast indicates Organization of the Petroleum Exporting Countries (OPEC), This led to a decrease in the total oil supplies of the group of producing countries from outside during the first quarter of 2023, by about 120 thousand barrels per day, compared to … Read more
Signs of an economic slowdown are flashing in the global diesel market. The number of trucks on China’s highways has dropped significantly in recent weeks. In Europe, the premium for diesel to crude oil futures recently fell sharply to its lowest level in more than a year. U.S. demand is expected to decline 2% this … Read more
I wrote – Marwa Al Ghoul Saturday, April 15, 2023 02:00 PM registered Oil prices 86.31 dollars a barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures recorded 82.52 dollars, as oil prices achieved their fourth consecutive weekly gain. The International Energy Agency report stated that Russian oil exports reached in … Read more
Former Treasury Secretary Summers has warned of “ominous” signs that the United States is losing its international influence. He said he has the support of countries and regions that have not yet established their positions, with multiple powers outside the United States banding together. “There’s a growing acceptance of division, and what’s worse, there’s a … Read more
WTI Crude Oil Continues Rising Recently, it soared almost 2%, breaking through the $ 83 level after the US revealed lower-than-expected inflation numbers. This will slow down the interest rate hike by the US Federal Reserve (Fed). At 11:10 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in May. which traded on … Read more
I wrote – Marwa Al Ghoul Saturday, 08 April 2023 02:00 PM registered Oil prices Weekly gains for the third week in a row, as the global benchmark crude recorded $85.12 a barrel, and the US West Texas Intermediate crude recorded $80.70 a barrel. And the Russian Ministry of Finance announced a decrease in revenues … Read more
I wrote – Marwa Al Ghoul Thursday, 06 April 2023 02:00 PM Oil prices recorded today, Thursday, 84.64 dollars a barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures contracts recorded 80.21 dollars. Dr. Muhammad al-Bahwashi, an economist, said that OPEC’s decision to reduce its oil production causes inconvenience to the … Read more
Another challenge looms for monetary authorities trying to keep inflation under control. Surprise production cuts decided by “OPEC Plus”, which consists of the Petroleum Exporting Organization (OPEC) and major oil-producing countries that are not members. Crude oil prices are on the rise again, and the financial authorities are likely to be forced to make a … Read more