Live: The majority of European stock indices rose, at the end of the first sessions of the week, on Monday, with a decline in sovereign debt yields in Germany, Italy, and the United Kingdom. At the end of trading, the European Stoxx 600 index rose by 0.4% to 478.1 points, and gains were limited by … Read more
Brent crude fell 1.1% to $77.90 a barrel, while U.S. crude oil futures WTI fell 1.1% to $72.96 a barrel. “Saudi Aramco’s cut to its February OSP adds to speculation about weak demand,” said Vandana Hari, founder of oil market research firm Vanda Insights. Rising supply and competition from rival producers prompted Saudi Arabia on … Read more
Russian oil may become even more unattractive to buyers in Asia. Following the United States’ efforts to enforce price ceilings on Russian oil, buyers in Asia and supply chain participants have become increasingly cautious when dealing with Russian crude. In the future, Russian oil may further lose its attractiveness on the Asian market, especially given … Read more
Written by – Marwa Al-Ghoul Saturday, January 6, 2024 02:08 PM Recorded Oil prices $78.76 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $78.81 per barrel upon settlement on Friday, as prices achieved weekly gains. US Treasury Secretary Janet Yellen said that we do not see any tangible impact … Read more
Any business prefers long-term prosperity, wishing longevity to a profitable business. The highly lucrative US shale oil industry has transformed from a marathon race into a sprint race. This approach does not bode well for private business, the state, or the environment. As you know, American mining companies set historical records in old wells. Moreover, … Read more
Cairo – Mubasher: The Egyptian Stock Exchange said that the right to cash distributions for the Arab Cotton Ginning Company will end at the close of the session on Sunday, January 21. The Stock Exchange stated, in a statement today, Thursday, that it was decided to distribute the Arab Cotton Ginning Coupon No. (23) at … 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
“There is no problem with payment,” the minister said. He also did not mention the price limit on oil from the Russian Federation, which was previously introduced by the United States and the G7. According to him, Indian oil refineries have reduced oil imports from Russia due to unattractive discounts. India wants to receive oil … Read more
Written by – Marwa Al-Ghoul Wednesday, January 3, 2024 02:00 PM Recorded Oil prices today Wednesday, $76.11 per barrel for Brent crude futures, the US West Texas Intermediate crude futures recorded $70.64 per barrel, and prices witnessed a slight rise in early Asian trading. The European Investment Bank has allocated 400 million euros to support … Read more
Direct: Dragon Oil Company, wholly owned by the Dubai government, announced the start of crude oil production from the Al Wasl field north of Safa in Egypt, which is the company’s first oil discovery there. The operation of the Al Wasl offshore platform came after the successful implementation of the first phase of early production … Read more