Oil inventories recorded a surprising increase last week, according to data released Wednesday by the US Energy Information Administration (EIA), which also showed a decline in production. Commercial crude inventories rose 500,000 barrels in the week ended November 15, while analysts had expected a slight decline of 85,000 barrels. Part of this increase is due … Read more
Just: Oil prices rose at Monday’s trade settlement, supported by geopolitical tensions in Europe. Brent crude futures contracts increased by around $2.26, equivalent to 3.2%, to reach $73.30 per barrel, registering the highest level in 6 sessions. US Nymex crude futures rose by $2.14, or 3.2%, to reach $69.16 a barrel in settlement. Investors are … Read more
Aramco, one of the world’s leading integrated energy and chemical companies, China Petroleum & Chemical Corporation (SINOPEC) and Fujian Petrochemical Company Limited (FPCL) today broke ground on a new integrated refining and petrochemical base in Fujian Province, China. The greenfield project is expected to be fully operational by the end of 2030 An integrated refinery … Read more
Cairo – Live: Austrian Chancellor Karl Nehmer confirmed that the Russian company “Gazprom” has stopped the delivery of gas to the Austrian National Oil and Gas Company. “OMV” Starting today, Saturday. Nehmer said in his statements today: “I can promise citizens that no one will freeze in Austria due to the lack of gas, and … Read more
Olive oil prices in the world’s largest producer, Spain, have fallen to half their record levels, with representatives of the Spanish market estimating that “one of the most difficult times in the history of the sector seems to be coming to an end”. A prolonged period of extreme weather and drought in southern Europe has … Read more
Just: The US stock indexes fell together at the end of trading on Friday, with the Nasdaq registering a loss of about 430 points. The Dow Jones industrial average fell 305 points, or about 0.7%, to the level of 43,444 points, achieving a weekly loss of 1.2%. The Standard & Poor’s 500 index fell 1.3%, … Read more
Oil prices fell more than $2 a barrel on Monday after China‘s stimulus plan disappointed investors looking for increased fuel demand in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures fell 1.94% while US WTI Y futures fell more than 2%. It recalls that both benchmarks fell more … Read more
Houston. More than a quarter of US oil production and 16 percent of natural gas production in the Gulf of Mexico remained paralyzed after Storm Rafael, the US offshore energy regulator reported on Sunday. The Bureau of Safety and Environmental Enforcement (BSEE) reported that 482,790 barrels of oil and 310 million cubic feet of natural … Read more
Friday November 15, 2024 at 08:45 Automobile: The EU is imposing strict quotas on thermal cars from 2025, threatening manufacturers with heavy fines. Several countries, including… Thursday November 14, 2024 at 10:30 p.m. Closing price: Oil prices hesitated on Thursday, ending up thanks to a technical rebound but still weighed down… Thursday November 14, 2024 … Read more
Most stock markets in the Gulf region fell at the close on Tuesday, due to the decline in oil prices and investors remained cautious ahead of US economic data and statements by officials from the Federal Reserve. the US this week. The Saudi market index fell by 0.5 percent, affected by a 1.4 percent drop … Read more