Weekly gains in oil prices in global markets… 2% for American crude – Youm7

Weekly gains in oil prices in global markets… 2% for American crude – Youm7

Listed prices Oil Global markets recorded weekly gains, as Brent crude, the global benchmark, rose around 1%, and US West Texas Intermediate crude rose around 2%. Oil prices hit $83.98 a barrel for Brent crude futures, while US West Texas Intermediate crude futures hit $80.06 a barrel when settled on Friday. Tunisia’s Minister of Industry, … Read more

Iraq’s Prime Minister Announces Increase in Oil Investments, Brent Crude Futures Drop

Iraq’s Prime Minister Announces Increase in Oil Investments, Brent Crude Futures Drop

Written by: Marwa Al-Ghoul Sunday, May 12, 2024 02:00 p.m Brent crude futures recorded a weekly loss of 0.2% for the second week in a row. The Prime Minister of Iraq, Muhammad Shiaa Al-Sudani, confirmed that the recent improvements made by the government in the petroleum sector; It contributed significantly to attracting investments from international … Read more

Oil Prices Rise on Friday Amid OPEC+ Production Cuts: Biggest Weekly Declines in Three Months Ahead

Oil Prices Rise on Friday Amid OPEC+ Production Cuts: Biggest Weekly Declines in Three Months Ahead

Prices rose OilOn Friday, amid the prospect that the OPEC+ alliance will maintain production cuts, but the two major crude oils are set to record their biggest weekly declines in three months under pressure from uncertainty related to demand and a decline in tensions in the Middle East, which reduced that. the risks associated with … Read more

Oil Prices Slide as US Crude Inventories Surge: Federal Reserve Warns of Inflation Concerns

Oil Prices Slide as US Crude Inventories Surge: Federal Reserve Warns of Inflation Concerns

Follow me Oil prices Their recent decline came as US crude inventories rose to their highest levels since June, as well as the Federal Reserve expressing renewed concerns about inflation. West Texas Intermediate crude fell to settle at $79 a barrel, the lowest closing price since mid-March. Prices also broke below the 200-day moving average, … Read more

Oil Prices Amid US Diplomatic Mediation Between Israel And Hamas Expected to Rise

Oil Prices Amid US Diplomatic Mediation Between Israel And Hamas Expected to Rise

woke up Oil prices Amid US diplomatic mediation trying to reach a peace agreement between… Israel And Hamas, which would reduce geopolitical tension in the region The Middle East. The price of Brent crude fell below the $89 per barrel level in trade, after rising 2.5% last week, while West Texas Intermediate crude also fell … Read more

Petrolera Vista plans to increase production in Vaca Muerta in Argentina

Petrolera Vista plans to increase production in Vaca Muerta in Argentina

Buenos Aires. The Vista oil company, the second unconventional hydrocarbon operator in Argentina, reported on Thursday that it will accelerate its activity in the Vaca Muerta formation and that it plans to reach 85 thousand barrels of oil per day (bpd) in the fourth quarter of this year. This projection is above the current average … Read more