Experts and observers of Egyptian economic affairs expected that the government would raise the prices of petroleum products and fuel during the coming period in light of the price adjustment policy that began in 2024. The Petroleum Products Pricing Committee, which is responsible for setting fuel prices in Egypt, is reviewing prices and studying the … Read more
Fuels in the Czech Republic have been getting cheaper since the beginning of October, gasoline was the cheapest in more than two years last week, diesel since last August. According to analysts, the rise in oil prices is behind the reversal of the trend. “Oil halted its decline hand in hand with wholesale fuel prices. … Read more
As conflicts in the Middle East intensified, international oil prices closed higher on Wednesday (3rd). According to news reports, an explosion occurred during a ceremony commemorating the fourth anniversary of the death of an Iranian military officer, causing many casualties. In addition, news reports pointed out that Libya’s largest oil field was closed due to … Read more
The impact of the macroeconomic readjustment that the Government promised for this year has not yet reached Cuban service centers. During their tour of several gas stations on the Island, reporters from this newspaper confirmed that the employees of the Cuba-Petroleum Union are still waiting for instructions from the authorities who, yes, have demanded that … Read more
Ideally, the type of fuel should be determined earlier than the make and model of the car. Because with the current model policy of manufacturers and the market situation in Ukraine, it is not always possible to choose the model you like with the desired type of engine (and therefore fuel). Especially when it comes … Read more
International oil prices closed slightly lower on Friday (29th), ending a year in which crude oil fell for the first time since 2020, as market concerns about the demand outlook outweighed the possibility of supply disruptions and the effectiveness of OPEC+ production cuts. energy commodity prices West Texas Intermediate (WTI) crude futures for February delivery … Read more
International oil prices fell back from their December highs on Wednesday (27th), with investors continuing to pay attention to the development of the situation in the Red Sea and worrying about the possibility of interruptions in crude oil transportation. energy commodity prices West Texas Intermediate (WTI) crude oil futures for February delivery fell $1.46, or … Read more
International oil prices hit their highest level this month in thin holiday trading on Tuesday (26th) as U.S. traders returned to the market after the Christmas holiday and continued to weigh the possibility of more serious disruptions in crude oil supply caused by Houthi rebel attacks on Red Sea ships. possibility. energy commodity prices West … Read more
International oil prices rose for the second consecutive day on Tuesday (19th), closing at a more than two-week high, as recent attacks on ships in the Red Sea triggered market concerns about supply disruptions. energy commodity prices West Texas Intermediate (WTI) crude futures for January delivery rose 97 cents, or 1.3%, to settle at $73.44 … Read more
International oil prices closed at a 2-week high on Monday (18th) as Houthi rebels’ attacks on Red Sea shipping heightened market concerns about supply disruptions in the Middle East, allowing crude oil to find support. Oil giant BP (BP-US) announced on Monday that it would suspend all shipping through the Red Sea due to worker … Read more