Dubai, United Arab Emirates (CNN) – Activists on social media circulated what was stated in the statement issued by the Kremlin about the call of Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman. Activists highlighted what the Kremlin mentioned about the “satisfaction and satisfaction” between Putin and Mohammed bin Salman about the … Read more
Oil prices stabilized after rising for the fourth week, amid indications of tight supplies in the market, with the International Energy Agency warning of higher prices in the future. West Texas Intermediate futures traded above $82 a barrel, after posting their longest weekly gain since June. The International Energy Agency said on Friday that the … Read more
“The recent market upheaval, when the price of Brent fell to 70 dollars per barrel, probably scared OPEC+ a little, because the bank and the other upheavals create uncertain economic prospects with a possible collapse of oil prices,” SEB bank economist Dainis Gašpuitis explains to the online magazine KLIK. He is convinced that the reduction … Read more
The OPEC+ countries are cutting oil production by 1.16 million barrels per day. According to the Saudi energy minister, this unexpected intervention is “to support the stability of the market”. The production cut was announced on the eve of a meeting of Opec+ ministers. An expert quoted by the news agency Reuters, says the measure … Read more
WTI crude futures rose above $74 as investors watched tonight’s Personal Consumption Expenditure (PCE) price index and the Petroleum Exporting Countries (OPEC) meeting and its allies. or OPEC Plus next week At 7:21 p.m. Thai time, West Texas Crude Oil Contract (WTI) for delivery in May. which traded on the NYMEX plus $ 0.49, or … Read more
Oil prices are dropping with the continuation of strikes in the banking sector. Analysts of the American bank set the average price of oil at $94 a barrel over the next twelve months. Oil prices are falling with the continuation of strikes in the banking sector Oil prices fell today, Tuesday, as the turmoil that … Read more
The United States will not come to the rescue. Production from shale oil basins is increasing at a slower rate, as major areas where producers can drill are running out. Read also: A record jump in US shale oil production Production in the United States declined at the start of the pandemic, and is still … Read more
The Wall Street Journal says that the rift and division between the UAE and Saudi Arabia is increasing over foreign investment, oil and the war on Yemen, and reports that Abu Dhabi is having an internal discussion about leaving OPEC. The Wall Street Journal: The division between Riyadh and Abu Dhabi may push the latter … Read more
The Lebanese citizen lives on the impact of the shocks resulting from the sudden economic measures. After the Ministry of Economy allowed the pricing of commodities in dollars, it was the turn of raising the customs dollar from 15 thousand Lebanese pounds to 45 thousand pounds at once, and then the decision of the Governor … Read more
Last month, OPEC expected growth in global oil demand as a result of easing Chinese restrictions on the zero Covid policy, so that the energy sector would witness an increase in production, in line with the increase in demand, supported by Nigerian supplies. OPEC oil production increased for most of 2022, as global demand levels … Read more