Written by – Marwa Al-Ghoul Thursday, February 1, 2024 02:00 PM Oil prices rose today, supported by the Federal Reserve’s hints about a possible start of interest rate cuts at a time when China unveiled new support measures for the faltering real estate market. Brent crude futures rose 43 cents, or 0.5%, to reach $80.98 … 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
Oil prices recorded $77.04 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $71.65 per barrel upon settlement on Friday, as oil futures contracts fell more than 10% on the last trading day in 2023. Oil prices are heading to end 2023 with a decline of about 10%, recording the … Read more
Economic news 7:11 a.m. 2023-12-30 West Texas Crude Oil (WTI) futures in New York closed slightly lower on Friday (Dec. 29), the last trading day of 2023, and prices posted an annual decline for the first time since last year. 2020 amid concerns about oil demand trends This has overshadowed positives from supply disruptions and … Read more
Jakarta – World oil prices rose 2% in trading last Tuesday, this was the highest increase in a month. The main factor triggering the increase in world oil prices was the heated situation in the Red Sea after the Houthi group in Yemen attacked several commercial ships. Reporting from Reuters, Wednesday (27/12/2023), the price of … Read more
More than 100 container ships have changed their Red Sea route to the Cape of Good Hope at the southern tip of Africa to avoid attacks by the Houthi rebels off the coast of Yemen, but this has resulted in increased costs and shipping delays. There is. The United States is considering ways to respond … Read more
The global shipping industry is bracing for the possibility that some of its most important shipping routes will be bypassed for weeks. The U.S. is working to form a military force to stop the Iranian-backed Houthi group from attacking commercial ships off the coast of Yemen, but the shipping industry is still waiting for details … Read more
U.S. shale, once the sworn enemy of the Organization of the Petroleum Exporting Countries (OPEC), has once again strengthened its presence in the global oil market. The situation has changed dramatically from a few months ago, when it was seen as not even close to OPEC in terms of market influence. From the Permian Basin … Read more
Written by – Marwa Al-Ghoul Sunday, December 17, 2023 02:00 PM Oil prices in global markets recorded weekly gains, as Brent crude, the global benchmark, rose by about 0.94%, and US West Texas Intermediate crude rose by about 0.28%. Oil prices recorded $76.55 per barrel for Brent crude futures, and US West Texas Intermediate crude … Read more
Written by – Marwa Al-Ghoul Saturday, December 16, 2023 02:00 PM Recorded Oil prices $76.55 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $71.43 per barrel, as prices declined at the end of Friday trading but recorded gains on a weekly basis. Vadim Collet, Deputy Head of the Russian … Read more