Oil Prices Fall to Lowest Levels in 2023, Impact on Oil-Exporting Countries

Oil Prices Fall to Lowest Levels in 2023, Impact on Oil-Exporting Countries

Oil prices fell to their lowest level at the end of this year, and a barrel of Brent crude closed at $77 per barrel, which is low compared to what the oil-exporting countries, led by Russia and Saudi Arabia, had hoped for. A barrel of oil was unable to reach $100 in 2023, despite the … Read more

Oil Prices Hit All-Time Low at $77 per Barrel in 2023: Impact and Analysis

Oil Prices Hit All-Time Low at $77 per Barrel in 2023: Impact and Analysis

Oil prices fell to their lowest level at the end of this year, and a barrel of Brent crude closed at $77 per barrel, which is low compared to what the oil-exporting countries, led by Russia and Saudi Arabia, had hoped for. A barrel of oil was unable to reach $100 in 2023, despite the … Read more

Oil Prices Unexpectedly Rise Amidst Global Economic Sentiments and Middle East Tensions

Oil Prices Unexpectedly Rise Amidst Global Economic Sentiments and Middle East Tensions

Today, oil prices witnessed a decline in the Friday session before the weekend and Christmas, amid expectations that Angola will increase production after its withdrawal from OPEC Plus due to its differences with the Kingdom of Saudi Arabia, but the opposite happened and prices rose during the week supported by positive sentiments in the American … Read more

Oil Prices Fall Due to Dollar Decline and Global Demand Concerns: Rebound to $80/barrel

Oil Prices Fall Due to Dollar Decline and Global Demand Concerns: Rebound to $80/barrel

Oil prices fell to their lowest level during the recent period before rising slightly over the past few days due to the decline of the dollar and the recovery of hopes for increased global demand, as they rose today, Monday, December 18, to levels of $80 from levels of $72 for Brent crude. Brent crude … Read more

Oil Prices Today: Brent at $87.12 and US West Texas Intermediate at $84.11 Per Barrel

Oil Prices Today: Brent at $87.12 and US West Texas Intermediate at $84.11 Per Barrel

Marwa Al-Ghoul wrote Friday, October 13, 2023 02:00 PM It rose Oil pricesToday, Friday, a barrel of global crude oil futures was recorded Brent $87.12, and US West Texas Intermediate crude futures recorded $84.11 per barrel. In another regard, Russian President Vladimir Putin said, during a joint statement with Kyrgyz President Sadr Japarov, following bilateral … Read more

Global Oil Demand Growth and Implications for US Interest Rates and Dollar Strength: Analysis and Price Action

Global Oil Demand Growth and Implications for US Interest Rates and Dollar Strength: Analysis and Price Action

Analysts at ANZ said in a note that the growth in global oil demand is heading towards recording 2.1 million barrels per day, which is consistent with the expectations of the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC). Traders are awaiting monetary policy decisions by central banks, including the Federal … Read more