Saudi Arabia threatens to collapse oil prices to $50, which will hit Russia’s profits. Saudi Arabia will collapse oil prices to $50 per barrel if OPEC+ member countries continue to violate production limits, the country’s oil minister, Abdelaziz bin Salman, warned during a confere... #Iraq #Kazakhstan #Oilmining #OilPrices #OPEC #RussianOil #SaudiArabia
Analysts predict oversaturation of the oil market in 2024 and a drop in oil prices. The increase in oil production in countries that are not part of OPEC+, including the US, may oversaturate global demand, which is growing slowly, and will lead to lower prices. Although the OPEC+ oil... #OilDemand #OilPrices #OilProduction #OPEC
The world is facing its largest oil deficit in 15 years. According to Bloomberg, a week ago the price of Brent oil exceeded $90 per barrel following Saudi Arabia’s decision to extend the production limit of one million barrels per day until the end of... #OilInventories #OilPrices #OilProduction #OPEC
Russia’s income from oil sales has increased to its highest point since October 2022. According to the International Energy Agency (IEA), in August 2023 Russia’s revenues from oil exports increased by $1.8B to $17.1B due to an increase in oil prices, which more than compensated f... #OilImport #OilPrices #RussianEconomy #RussianOil #RussianOilPriceLimit
Oil prices have hit a nine-month high. As Trading Economics writes, WTI oil rose above $85 per barrel amid expectations that the leaders of the OPEC+ countries will continue to cut oil production. The Deputy Prime Minister of the Russian F... #OilPrices #OilProduction #OPEC #RussianOil
Oil prices decreased again against the backdrop of recession expectations. According to the ICE Futures exchange, the price of November futures for Brent crude fell to $85.66 per barrel on the afternoon of September 26, which is $0.49 (0.57%) below the closing price from the... #oilmarket #OilPrices
Oil prices have started going up again. On August 17, oil prices rose, rising from the six-month low of the day before. A higher than forecasted drop in oil and gasoline inventories in the US reminded investors of petroleum demand’s resilie... #oilfutures #oilmarket #OilPrices
Oil prices dropped for the second session in a row. Oil prices fell for the second consecutive trading session on August 15 amid concerns about China’s economic growth and demand from the world’s largest oil importer. In addition, the head ... #crudefutures #OilPrices
The US fears that without controls on the price of oil, it will increase by 40%. The global oil price could rise by 40% to around $140 per barrel if the proposed cap on the price of Russian oil is not passed, said the US Treasury Department. US Treasury Secretary Janet Yellen wil... #EnergyCrisis #GlobalOilPrices #JanetYellen #OilPrices
Oil falls below $100 as recession risks arise. Oil had its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market, reported Bloomberg. West Texas Intermediate crude futures sett... #GlobalOilPrices #GrudeOilPrices #OilPrices #OilPrices2022
The price of oil is falling amid expectations of Biden’s announcement to suspend the fuel tax. Oil prices fell more than $6 a barrel in response to US President Joe Biden’s lobbying to lower rising fuel prices, including pressure on the country’s primary energy companies. Futures f... #GlobalOilPrice #GrudeOil #JoeBiden #OilPrices #OliPrices2022
World oil prices have fallen by 6%, to a 4-week low. According to Reuters, world oil prices have fallen by about six percent – to a four-week low – due to the strengthening dollar and fears of a recession. The strengthening of the dollar an... #BrentOil #OilPrices #WorldOilPrices #WTIprice
Oil prices have risen to $115 a barrel. Oil prices rose at the beginning of trading on Wednesday due to limited stocks and the prospect of growing demand in connection with the upcoming start of the summer driving season in the United Stat... #GlobalOilPrices #OilPrices #RussianAgression #WTI
After the two-day drop, oil prices climb 6% on concerns about Russia. After two days of sharp losses, oil prices rose sharply Wednesday on renewed concerns about the flow of energy from Russia, reported CNN. US oil jumped 6.3% to $105.97 a barrel in recent trading. Bre... #BrentCrude #EUoil #GlobalOilPrices #OilPrices #USoil
Oil prices are falling despite expectations of an EU embargo. Oil prices fell in trading on May 2 as pessimistic expectations related to an economic growth slowdown in China outweighed fears of potential disruptions in raw material supplies due to a possible EU ... #Energyprices #EUenergy #EUoilPrices #OilPrices
More than 30 countries have decided to release oil from reserves. US President Joe Biden said that more than 30 countries have joined a campaign to saturate the oil market to reduce energy prices and prevent Russia from “turning energy resources into weapons&... #Oil #OilCrisis #OilPrices #OilReserves
Oil is getting cheaper due to the possible Russia-US summit. Oil prices fell on Monday, February 21, thanks to a plan by the US president to hold a summit on the Ukrainian crisis and the prospects of signing a nuclear agreement between Iran and world powers ov... #gasprices #OilPrices #RussiaUSsummit #UkraineCrisis
