Tag: oil

Iranian uranium metal may drive up oil prices

[ad_1] Iran has begun the process of producing enriched uranium metal, the UN atomic watchdog said, a move that could help it develop a nuclear weapon and that three European powers said threatened talks to revive the 2015 Iran nuclear deal, Report informs via Reuters. Iran’s steps, which were disclosed by the International Atomic Energy… Continue reading Iranian uranium metal may drive up oil prices

Oil prices could ‘very easily’ top $100, says former US energy secretary

[ad_1] Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former US Energy Secretary Dan Brouillette told CNBC, Report informs. “You could very easily see oil hitting $100 a barrel — potentially even higher,” he said. On the flip side, it’s “equally possible” that prices could collapse… Continue reading Oil prices could ‘very easily’ top $100, says former US energy secretary

Oil prices slow growth after reaching highest value since November 2014

[ad_1] Global oil prices on July 6 afternoon slowed down their growth slightly after the cost of US WTI oil peaked since November 2014, according to trading data, Report informs referring to Prime agency. As of 14:13 (GMT+4), the price of September futures for the North Sea Brent oil blend grew by 0.19 percent to… Continue reading Oil prices slow growth after reaching highest value since November 2014

White House worried about high oil prices

[ad_1] The White House said it was concerned about the impact of rising oil prices on U.S. consumers but believes producers have ample ability to pump enough crude, Report informs, citing Reuters. “Currently, we believe that there is enough spare oil production capacity globally,” White House Press Secretary Jen Psaki told reporters. “Because of the… Continue reading White House worried about high oil prices

Oil getting slightly cheaper in anticipation of news from OPEC+

[ad_1] Global oil prices fell slightly on July 5 morning in anticipation of the third round of OPEC+ talks on the fate of the production cut agreement, Report informs referring to Prime agency. As of 8:39 (GMT+4), the price of September futures for the North Sea Brent oil blend decreased by 0.13 percent to $76.07,… Continue reading Oil getting slightly cheaper in anticipation of news from OPEC+

Oil prices fluctuate in anticipation of OPEC+ decisions

[ad_1] Global oil prices on July 2 morning are fluctuating around the July 1 closing level, investors are awaiting the decisions of the OPEC+ alliance, according to trading data, Report informs. As of 8:56 (GMT+4), the price of September futures for the North Sea Brent crude oil blend decreased by 0.09 percent – to $75.77,… Continue reading Oil prices fluctuate in anticipation of OPEC+ decisions

Azerbaijani oil price rises | Report.az

[ad_1] The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $ 0.38 (0.49%) to $ 77.49, Report informs. The lowest price for Azeri Light was recorded on April 21, 2020 ($ 15.81), and the all-time high of $ 149.66 was fixed in July 2008. [ad_2] https://report.az/en/energy/azerbaijani-oil-price-rises-03072021/

SOCAR increases oil export via Baku-Novorossiysk 17 times

[ad_1] The State Oil Company of Azerbaijan (SOCAR) exported 498,550 tons of oil via the Baku-Novorossiysk oil pipeline from January through June 2021, according to the operational summary of the Central Dispatching Office of the Fuel and Energy Complex of the Russian Energy Ministry, Report informs referring to Interfax. Some 498,550 tons of oil were… Continue reading SOCAR increases oil export via Baku-Novorossiysk 17 times

More than 99 million barrels of BTC oil transported from Ceyhan port this year

[ad_1] In the first half of this year, BOTAS International Limited (BIL), a subsidiary of the Baku-Tbilisi-Ceyhan (BTC) pipeline in Turkey, transported 99.096 million barrels of crude oil from the Ceyhan terminal. According to the company, this amount of crude oil was loaded on 137 tankers and sent to world markets. So far, about 3… Continue reading More than 99 million barrels of BTC oil transported from Ceyhan port this year