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Tag: Brent

Oil prices rise $1 on China’s reopening optimism

Oil prices rose as much as $1 on Friday, extending gains from the previous trading session on hopes of a China demand boost and after…

Oil rises sharply ahead of OPEC+ meeting

World oil prices rose by 2.5% on Monday morning, as investors focus on reports of the prospects for a significant reduction in OPEC + production…

Global oil prices grow

Global oil prices grew on September 27 morning after falling the day before, Report informs referring to the auction data. The price of December futures for Brent…

Oil Supermajors Continue to Hold Back on Investment

Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research…

Brent up by 48% in H1 2022

Oil quotes moved to growth on Friday after a sharp decline the day before at the results of the OPEC + meeting and fears about…

Oil prices climb on market caution over tight supply

Oil prices rose on Tuesday, clawing back more of last week’s losses as investors focused on tight supplies of crude and fuel products rather than…

Brent oil exceeds $124 per barrel

Global oil prices continued their ascent on June 9 morning amid a decline in US strategic crude reserves to a minimum since March 1987, Report informs referring…

Oil surges on expectations of higher demand

Global oil prices rose on expectations of a growth in demand on Wednesday morning, Report informs, citing trading data. The August future for Brent rose by 0.3%…

Oil prices extend gains after EU bans most Russia oil imports

Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for…

Global oil prices rise by over 1%

Global oil prices on May 25 morning rose by more than 1%, investors assess the prospects for a ban on oil exports from the US, Report informs…

Weekly review of Azerbaijan’s oil market

The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $120.32 per barrel, having increased by $7.47 (6.62 percent) compared…

Oil prices rise amid decline in US inventories

Global oil prices rose by more than 1% on May 19 morning on data from the US Department of Energy on the unexpected decline in…

Oil rises amid decline in US inventories

World oil prices rose on Wednesday morning after the American Petroleum Institute (API) noted a reduction in US reserves, Report informs. The price of July futures for…

Commercial Operators Advised to Avoid Ukraine EEZ

Dryad Global has advised that all commercial operators avoid any transit or operations within the Ukrainian EEZ and the EEZ of Russian Crimea in its…

EIA Makes Huge 2022 Oil Price Forecast Adjustment

The U.S. Energy Information Administration (EIA) has raised its 2022 Brent spot average price forecast by more than $22 per barrel, the organization’s March Short…

Oil prices rise on supply fears

Global oil prices on March 9 morning rose by 2% due to concerns about disruptions in supplies from Russia to the market, Report informs referring to the auction data….

Oil tops $100 for first time since 2014 as Russia attacks Ukraine

Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a…

Oil hits highest since 2014 on Russia-Ukraine escalation

Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern…

Brent rises slightly

For the first time since October 6, 2014, Brent oil prices have exceeded $93 per barrel on world markets, Report informs referring to trading data and analysts’…

Oil Rides Into 2022 on Bullish Wave

Oil has started off 2022 with a bang A market that was supposed to suffer a ballooning surplus instead surpassed $80 a barrel last week as…

Oil falling in price on investors’ fears for demand

Global oil prices fell on December 10 morning on investors’ fears for demand due to COVID restrictions in some countries, according to trading data, Report informs citing…

Oil prices continue falling

Global oil prices on October 27 afternoon accelerated the rate of decline to an average of 1.5% on expectations of an increase in weekly stocks…

Brent oil price exceeds $82

The price of a barrel of Brent oil on the world market exceeded $82 for the first time since October 2018, Report informs via foreign media. The Brent price…

Brent exceeds $79 for first time since 2018

Global oil prices rose more than 1 percent on September 27 morning, with the price of November futures for Brent exceeding $79 for the first time since 2018, thanks…

Oil prices rise supported by weak dollar

Oil prices on Aug. 27 morning continue to rise supported by a weak dollar, according to trading data, Report informs referring to Prime agency. During this trading…

Oil falling in price by over 1% on fears for demand

Global oil prices fell on Aug. 16 morning amid lingering fears over demand amid the coronavirus pandemic, Report informs referring to Prime agency. As of 9:07 (GMT+4),…

Oil prices down after three days of growth

Global oil prices decline on Friday morning after three days of growing trading sessions, owing to which the quotations gradually compensated for the drop earlier…

Goldman Sachs assessed the decline in oil demand due to delta strain

The spread of the Indian strain of COVID-19 may cause a decrease in daily global demand by 1 million barrels. At the beginning of the week, oil…

Oil prices fell below $ 75 per barrel because of uncertainty around the OPEC + deal

If the OPEC + oil deal does not take place, prices will collapse altogether. This is how former US Energy Secretary Danny Ray Brouillette commented…

Oil prices rise in anticipation of OPEC+ meeting

Global oil prices are rising slightly July 1 morning ahead of the OPEC+ meeting, according to trading data, Report informs referring to Prime agency. As of 8:48…

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