Tag Archives: brent

A Reuters survey showed on Tuesday, February 28, that OPEC’s oil production rose this month by about 150,000 barrels per day, compared to January levels. According to the survey, oil production within OPEC recorded levels of 28.97 million barrels per day, supported by the recovery of oil supplies in Nigeria …

Goldman Sachs said it now expects the Federal Reserve to raise interest rates 3 times this year, by a quarter of a percentage point each time, after data this week indicated rising inflation and a strong labor market. A report on Thursday showed that producer prices in January accelerated by …

Crude oil prices fell on Wednesday after the U.S. Energy Information Administration reported an inventory build of 16.3 million barrels for the week to February 10.This compared with a build of 2.4 million barrels for the previous week, extending a string of weekly builds, some of them quite sizeable, which …

The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report on Tuesday that global oil demand will rise this year by 2.32 million barrels per day, or 2.3 percent. And increased expectations by one hundred thousand barrels per day compared to the expectations of the organization last …

Oil prices fell in early trading on Friday, February 10, but are heading towards recording political gains, as the market continues to oscillate between fears of a recession in the United States and hopes for a recovery in strong demand for fuel in China, the largest global importer. By 01:17 …

The US Energy Information Administration’s February short-term energy expectations are indicating a decline of oil pricing over the next two years as well as a 50% drop in natural gas prices. In addition, the production of global liquid fuels is expected to get lower in 2023. Russia and China still …

Oil rose in early trading on Thursday, extending its gains for the fourth day in a row, as crude loading disruptions in Turkey and optimism about the continued recovery of demand in China boosted sentiment. By 0239 GMT, Brent crude futures were up 14 cents, or 0.2 percent, at $85.26 …

Oil prices rose in early trading on Wednesday, extending gains from the past two days, as the dollar fell after Federal Reserve Chairman Jerome Powell appeared less hawkish on interest rates than markets had expected, and as US crude inventories fell surprisingly. Brent crude futures rose 11 cents, or 0.1 …

Oil prices dipped to three-week lows on Friday during a remarkably volatile US trading session, volatility even deepened following the robust US jobs report that renewed existing concerns about future higher interest rates in the USA as investors seek clarity on the imminent EU embargo on Russian refined products. Brent …

Oil prices stabilized on Friday, but were heading to record losses for the second week, as the market awaited other indications of a recovery in fuel demand in China and the extent of the impact of an embargo imposed by the European Union on Russian oil products and a ceiling …