Tag: oil
Russia cuts oil production, Saudi Arabia extends cuts
Oil production in Russia A deep pump is located near the town of Usinsk, 1,500 kilometers north-east of Moscow. (Photo: dpa) To support oil prices, Russia will cut oil exports…
Russia Decided to Reduce Oil Exports!
The world’s largest oil exporting countries continue supply cuts to increase the market price of black gold. Russian Deputy Prime Minister just announced that he will reduce his daily exports…
HSBC Lowers Price Expectation for Brent Oil
HSBC once optimistic by lowering oil forecasts and joining other big Wall Street companiesreduced their views. Analysts of the bank stated that Brent crude oil will fall to $ 80…
Norway Announces Giant Oil Investment
Norway is one of the world’s largest energy exporters. oil makes new investments to ensure continuity in production. The Norwegian government announced today that it has allocated $18.5 billion worth…
Why the West is getting involved with Venezuela’s dictator Maduro
Nicolás Maduro Moros President of Venezuela He has been the elected president of the Latin American country since 2013. (Photo: AP) caracas It’s amazing how long ex-bus driver and trade…
Oil company shows interest in Covestro takeover
Covestro The Dax group has apparently aroused the interest of the oil giant Adnoc from Abu Dhabi. (Photo: REUTERS) Dusseldorf, Frankfurt The Arab oil group Adnoc has expressed interest in…
Oil company shows interest in Covestro takeover
Covestro The Dax group has apparently aroused the interest of the oil giant Adnoc from Abu Dhabi. (Photo: REUTERS) Dusseldorf, Frankfurt The Arab oil group Adnoc has expressed interest in…
International Energy Agency Updates Oil Forecast
The International Energy Agency IEA, which updates its forecasts about the global energy market, oil He shared his new expectations about the The IEA expects the growth in oil demand…
IEA sees slowing growth in oil demand
oil pump Investments in clean energy are growing faster than those in fossil fuels. (Photo: Reuters) Frankfurt The International Energy Agency (IEA) expects global oil demand to grow more slowly…
Worried about Global Growth, OPEC Doesn’t Touch Oil Demand
OPEC kept its global oil demand growth forecast for 2023 unchanged for the fourth month in a row. OPEC’s monthly report warned that the world economy faces increased uncertainty and…
Supply Revision to Oil Prices by Goldman
Goldman Sachs Group Inc. once again lowered its oil price forecasts as global supply increased and demand decreased. The bank lowered its Brent oil forecast for December from $95 to…
Brent Oil Stretches in Light of Weak Economic Data
Oil, rose as high as $78 after Saudi Arabia’s supply-side decision over the weekend. However, negative data from the global economic calendar increased recession concerns, causing selling pressure in brent…
Saudi Arabia Decided to Cut Off, Oil Price Rises!
Saudi Arabia, the world’s largest oil exporter, made a critical move in production due to macroeconomic pressures. The Saudi Ministry of Energy announced this morning that they have extended the…
Saudi Arabia voluntarily cuts one million barrels a day
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Saudi Arabia…
Oil cartel lowers production target – Saudi Arabia voluntarily cuts even further
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt OPEC-plus lowers…
OPEC meeting: Saudi Arabia voluntarily cuts funding
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Opec-plus is…
Saudi Arabia is making voluntary funding cuts
The United Arab Emirates Opec delegation In April, the oil cartel surprised with production cuts, now there is a dispute about which country should produce how much oil. (Photo: Reuters)…
Why weakening US prices are a warning signal for the Dax
Berlin The leading German index has gained a good 15 percent since the beginning of the year. But many shareholders are wondering how much longer this rally will last. After…
Antithesis to the West: Brics states poach allies
Cape Town, Tel Aviv More than a dozen countries are pushing for admission to the BRICS club of the most important emerging countries. At a meeting in Cape Town, South…
Another drone crashes into Russian oil refinery
South Russian refinery fire extinguished after drone strike According to the authorities, the fire in an oil refinery in the southern Russian region of Krasnodar was extinguished again after a…