Showing results for "homaidan al-turki"

Energy crunch adds to crude demand

  • Crude oil markets continue to hold with fundamentals and remain well supported as they await the OPEC+ ministerial meeting that will begin on Oct. 4. Global oil markets are likely to remain tight enough over the next few months to hold Brent crude oil prices above $70 a barrel, despite the gr...
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Understanding the oil market dynamics amid energy crunch

  • The ongoing natural gas crisis in Europe and Asia is helping oil prices stay firm. Crude oil futures prices soared, touching new highs as the oil market remained supported by concerns over a growing power crisis in key European and Asian countries, including China and India, which will boost de...
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Oil demand continues to healthily outpace supply

  • Crude oil prices averaged about 1 percent higher on a week-over-week basis, as investors remained focused on the strength of the global oil supply and demand fundamentals ahead of winter. Prices rose the most amid signs of a fast-tightening US oil market, specifically at Cushing, and a large ...
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Oil market to rebalance toward a surplus from February

  • Brent prices are averaging around $84 per barrel in November 2021, which is better than the levels seen in April 2020, when prices dropped to $20 per barrel. Prices averaged lower this week due to market volatility from concerns about a new wave of COVID-19 in many countries, rising inflation...
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Oil prices in 2022 might not reach the high levels of last year

  • The year 2021 witnessed an upward shift in the price of oil globally, reversing the falls of previous years. After trading at around $85 per barrel in late October, Brent oil fell sharply in November to $69 per barrel by early December. It rebounded thereafter and is currently trading in the ...
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With oil prices over $90, is demand at risk?

  • Even though in their latest meeting, OPEC+ ministers agreed to maintain the planned monthly increase of 400,000 barrels per day in March, prices remained firm while crude prices continued their backwardation. Bullish market sentiment is likely to continue, thanks to persisting supply outages ...
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Supply concerns remain the wild card supporting energy prices

  • Strongly supported by supply tightness and geopolitical developments caused by changing dynamics, Brent Crude oil remained above $90 per barrel. Even though the number of confirmed coronavirus disease (COVID-19) cases continues to rise globally, the omicron variant appears to be waning in man...
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Oil market remains bullish amid fears of supply disruption

  • Oil prices are approaching the $100 per barrel mark due to fears of supply disruption as the Russia-Ukraine crisis continues.  The conclusion of Russia’s military drill near Ukraine’s border eased the tension pushing back Brent prices but the situation remains uncertain.  The spec...
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Ukraine issue poses a challenge to energy security

  • The impact of the Ukraine crisis can be seen in the market movements this week, as uncertainty has pushed prices to hover around $100 a barrel. This reflects the challenges the world is faced with to maintain security and stability in energy markets. The situation has become precarious mainly ...
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Geopolitical tensions add to oil price volatility

  • Amid the ongoing geopolitical tensions, crude oil prices almost reached $140 per barrel before losing ground and moving back to below $110 per barrel. Since the Russian invasion of Ukraine, global oil markets have been in turmoil. Several western countries including the US have imposed bans on...
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