Oil rises above $ 76 for the first time since July 14 – – Oil prices rose 3.5% on the day. Quotes are rising due to a decrease in US inventories and a hurricane. World oil prices rose sharply in trading on Wednesday, September 15 amid declining US inventories. Thus, November futures for Brent crude … Read more
Oil prices are rising – – Brent crude rose in price by almost 0.70%. The last time “black gold” was sold at such a price was at the beginning of August. And WTI oil rose by 1.64% at once. Brent crude oil futures for November delivery rose to $ 74.01 a barrel. This price was … Read more
Photo: Reuters Oil prices have collapsed – – After the OPEC + decision to increase production, oil prices have dropped by more than $ 4 today. World oil prices plummeted in trading on Monday, July 19. Thus, the cost of September futures for Brent on the London ICE Futures exchange fell by 5.7% to $ … Read more
Photo: Reuters (archived photo) Decrease in US oil reserves exceeded forecasts – – US crude oil inventories fell to 445.5 million barrels, the lowest level since February 2020. World benchmark oil prices rise moderately on data on declining US oil and fuel inventories. This is evidenced by the trading data on Friday, July 9. Thus, … Read more
The core of Monday’s proposal was to increase oil production by two million barrels per day between August and December. OPEC + also plans to continue the production cut of 10 million barrels per day by eight months, from April 2022 to December. Fang’s dilemma The emirates agree with countries such as Saudi Arabia and … Read more
AA / Istanbul Crude oil prices rose in Wednesday’s trade, supported by falling U.S. crude reserves and expectations of a gradual improvement in demand, with restrictions and containment measures lifted around the world for stem the coronavirus pandemic. Oil reserves in the United States fell by 439,000 barrels in the week ending May 21, according … Read more
World oil prices have been growing for the second week – – Expectations of easing quarantine restrictions support the prospects for economic recovery and demand for “black gold”. World benchmark oil prices are rising moderately on expectations of an easing of quarantine in Europe. This is evidenced by the trading data on Tuesday, May 4. … Read more
Oil started a new work week with a decline – – A new surge in the incidence of coronavirus may lead to a sharp reduction in demand for “black gold”. Global benchmark oil prices are moderately declining amid news of an increase in the incidence of coronavirus in countries around the world. This is evidenced … Read more
The stranded container ship Ever Given is almost ready to set sail, with the last inspections pending, a Reuters source said on Monday. Hundreds of other container vessels, bulk carriers and oil tankers remain stranded at both ends of the canal. However, the good news for Ever Given immediately sent oil prices down sharply after … Read more
On Wednesday, March 10, oil prices fell after data from the American Petroleum Institute (API), which showed a new jump in commodity reserves in the country. According to API, the increase in US oil stocks for the week ended March 5 amounted to 12.8 million barrels. The official report of the US Department of Energy … Read more