Oil prices jumped about $3 at the close, after Moscow spoke of the possibility of reducing crude production in response to the price cap imposed by the Group of Seven on Russian crude. Oil climbed $3 on supply fears Oil prices were up about $3 as they stabilized on Friday, posting gains for the second … Read more
Al-Marsad newspaper: Russian Deputy Prime Minister Alexander Novak announced that Russia is ready to reduce oil production, in response to measures taken by the G-7 countries, the European Union and Australia to set a ceiling to the prices of Russian oil and petroleum products. Novak indicated in a press release that the production cut early … Read more
“Russia has the means even without initiating contact, ground war with Azerbaijan to strike Baku, completely bomb Baku’s oil industry and destroy Azerbaijan’s energy system,” he said. “The expert” said that the West will suffer greatly from such attacks. “If we bomb their oil industry now, oil will not flow to the West. This will … Read more
Mubasher: data released by the Central Bank of Oman today, Saturday, showed an increase in the balance of total credit granted by banks and banking sector companies in the Sultanate by 4.1%, to reach 28.9 billion RO by the end of last October. The data showed – according to the Oman News Agency – today, … Read more
– – Prime Minister Boyko Borissov talks to women on the road – Penka Dimova and her daughter traveled to Pleven to pick up her husband, who was discharged from the hospital after a bypass. However, their car broke down – the oil leaked. Prime Minister Boyko Borissov, who is touring the Pleven region today, … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian authorities announced, on Wednesday, a new oil discovery investigation in the Abu Sennan area in the Western Desert, according to the Egyptian Al-Ahram Gate. Al-Ahram stated in its report: “The detection was achieved after drilling the Salmiya-5 well and placing it on the production map at a … Read more
Last updated: Monday 9 Shawwal 1441 AH – June 01, 2020 KSA 15:46 – GMT 12:46 Posted on: Monday 9 Shawwal 1441 AH – June 01, 2020 KSA 13:13 – GMT 10:13 Source: Dubai – Sherif Al Yamani – Standard & Poor’s said that the peg to the dollar has had a positive impact on … Read more
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = " In quiet transactions, due to holidays in Singapore, London and New York, Brent rose six cents, or 0.2 percent, to 35.19 dollars a barrel by 06:36 GMT, and US crude increased 27 cents, or 0.82 percent, to record 33.52 dollars a barrel. … Read more
