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The cost of a Brent crude oil futures contract for December 2021 delivery on the London ICE exchange went up by 1.23% and reached $ 85.03 per barrel, according to data from the trading floor at 10:50 Moscow time on Friday. The last time …
Oil prices climbed on Thursday, reversing previous losses, as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying. The uptick was also supported by expectations that soaring natural gas prices as winter …
Oil prices were down Wednesday on concerns that rising commodity prices would spur global inflation and a potential fall in oil demand. International benchmark Brent traded at $83.31 a barrel at 10:28 GMT for a 0.13% loss after ending …
Oil prices could rise to $ 100 per barrel for the first time since 2014, Bloomberg writes, citing data from Bank of America. The deepening energy crisis could affect the price increase, the surge in the oil market could provoke a return …
The oil and gas industry is very influential on the automotive sector. Globally, 99% or 1.4 billion cars that drive are conventional cars with internal combustion engines (ICE) that consume fuel. (Setiawan, 2021). However, along with the …
U.S. crude futures topped US$80 a barrel for the first time since November 2014 as a global energy crisis boosts demand at a time when OPEC+ producers are keeping supplies tight. As Bloomberg …
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,64 to trade at $83,81. Brent crude futures jumped $1.07, or 1.3%, to $83.02 a barrel by 0643 GMT while U.S. West …
Oil prices dropped on Thursday after record-high price rallies as an unexpected build in US crude oil inventories signaled declining demand in the world’s largest oil-consuming country. International benchmark Brent crude was …
Prices of the Russian oil export blend Urals crossed the line of $80 a barrel at night of October 5, for the first time since 2018, the international price agency Argus said. Urals prices climbed to $80.8 per barrel in Northwestern …
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due to …
Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. State firm Saudi Aramco’s cuts for customers in Asia, Europe and the …
Oil futures moved higher Tuesday, with the U.S. benchmark extending a rise that saw it close at a nearly seven-year high the previous session after the OPEC and its allies decided not to accelerate its plan for gradually relaxing production …
Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps. Brent …
Oil would be the leading energy source for decades to come
Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States and oil prices well above their real long-term average are all manifestations of the same global energy …
The price of Brent crude oil jumped Tuesday above $80 for the first time in almost three years on expectations for surging demand and concerns about supplies as the world slowly emerges from the pandemic crisis. Brent crude futures …
Asian shares got off to a cautious start on Monday as a jump in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks. Oil pushed past its July peaks as global …
Iran exported petrochemicals and petroleum products worth almost $20 billion in 2020
The price of Russia’s flagship Urals grade slumped this week as Russian supply and exports are set to grow and as Iraq cuts the price of its crude for Europe
The rouble strengthened on Wednesday, supported by rising oil prices which also pushed Russia’s benchmark MOEX stock index to a record high, as the finance ministry held two OFZ treasury bond auctions
