The killing of Saleh Al-Arouri in what appears to have been a “precision strike” deep in the southern suburbs of Beirut bears all the traces of an assassination, signed and carried out by the State of Israel. Mr. Al-Arouri was not only the second person in the political leadership of the Hamas movement, but he … Read more
Affected by the imbalance between crude oil supply and demand, investors have become increasingly less confident in OPEC+’s ability to balance the market. In 2023, oil prices fell for the first time since 2020. And this decline has not ended at the beginning of 2024. According to the latest data, Brent crude oil fell below … Read more
The Turkish currency fell to a new record low of less than 29.7 liras to the dollar on Tuesday, continuing a series of losses that accelerated slightly in late 2023, as it ended the year down about 37 percent.Since President Recep Tayyip Erdogan won a new presidential term last May, the government has made a … Read more
Jakarta, CNBC Indonesia – World crude oil prices closed lower or fell in trading last Friday because tensions in the Red Sea offset the possibility of an increase in Angola’s production in the future. In trading Friday (22/12/2023), the price of WTI crude oil closed down 0.45% at US$73.56 per barrel, likewise the price of … Read more
Congo confirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), days after its neighbor Angola decided to withdraw from the organization. Bruno Jean-Richard Etoua, the Congolese Minister of Oil, said in a post on the LinkedIn platform: “The Republic of the Congo confirms its firm commitment to the strategic policies established by … Read more
Marwa Al-Ghoul wrote Friday, December 22, 2023 02:00 PM I continued Oil pricesIt rose today, Friday, to record $80.07 per barrel in futures contracts for international crude oil. BrentUS West Texas Intermediate crude futures also recorded $74.59 per barrel. In a related context, Angolan Oil Minister Diamantino Azevedo said that his country will withdraw from … Read more
Amid disagreements over oil production quotas… Angola decides to withdraw from OPEC Announcement Angola announced Thursday that it had decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) amid disagreements over production quotas, considering that the time had come to “focus more” on its own goals, the Minister of Natural Resources announced … Read more
The Organization of the Petroleum Exporting Countries (OPEC) expressed cautious optimism about the fundamental factors that will affect the oil market in 2024. The organization said on Wednesday that the recent decline in prices was due to “exaggerated concerns” about demand, while it maintained its relatively high expectations for oil consumption in 2024. Brent crude … Read more
In the absence of a consensus on the proposal to “dispense” with oil, gas and coal, it is likely that the duration of the United Nations climate change conference COP28, held in the Emirates, will be prolonged, after its work on Tuesday exceeded the time specified for its conclusion. The reason for this is mainly … Read more
West Texas crude oil (WTI) contracts in New York closed down more than 2% on Friday (Dec. 1) after adjusting to fluctuations this week. Meanwhile, investors are still keeping an eye on the situation of the latest round of oil production cuts in the OPEC+ group. and are concerned about stagnant manufacturing activity around the … Read more