Latest in Tag: brent Highlight
Latest in Tag: brent
Oil prices fall amid OPEC+ deadlock over output cuts
The COVID-19 pandemic took its toll on oil prices in 2020. For the past year, the US benchmark slumped 20.5%, while Brent crude lost 21.5%.
Crude oil prices drop as demand fears persist
The West Texas Intermediate for February delivery lost 61 cents to $47.62 a barrel. Brent crude for February delivery decreased 43 cents to $50.86 a barrel
Oil prices climb on vaccine optimism, US crude inventories up last week
Many European countries and US states are tightening coronavirus restrictions. Analysts expect oil prices to come under pressure in the first half of 2021
Oil prices slip on the back of COVID-19 worries
Oil prices drop came amid a spike of new coronavirus infections in some major economies forced renewed restrictions or a delay of unwinding lockdowns.
Oil prices gain amid positive data
West Texas Intermediate for September delivery rose to $41.01 a barrel, while Brent crude for October delivery climbed to $44.15 a barrel
Oil prices sink amid demand fears
Oil prices plunged as West Texas Intermediate for September delivery fell $1.35 to$39.92 a barrel, while Brent crude lost 81 cents to $42.94 a barrel
Oil prices gain after US inventories drop
Oil prices also got a lift from weak US dollar as there is normally a reverse correlation between foreign exchange value of the US dollar and oil prices
Oil prices slip amid multiple headwinds
West Texas Intermediate for September delivery settled at $41.07 a barrel, while Brent crude oil for September delivery was down to close at $43.31 a barrel
Oil prices climb amid demand hopes
Meanwhile, Brent crude oil for September delivery advanced 1.04 dollars to close at 44.32 dollars a barrel on the London ICE Futures Exchange.
Oil prices climb after Saudi Arabia pledges further output cuts
Oil prices have recently been boosted not only by hopes that demand will soon return, but also by massive voluntary and involuntary production cuts
Oil prices fall amid oversupply concerns
Oil prices fell as WTI for June delivery dropped $0.57 to $23.99 a barrel, while Brent crude for July decreased $1.25 to $29.72 dollars a barrel
US oil plummets below zero for first time, Brent declines to $26 a barrel
Decline proves market is not convinced by OPEC cuts, says former petroleum minister, US oil May delivery cratered by as much as -$37 a barrel.
Oil prices slightly regain ground, Brent reaches $64.93 per barrel
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
Brent hike and flotation eats 91% of fuel subsidies allocation in H1 of FY 2016/2017
Ministries of electricity and petroleum call for additional allocations to face impact of currency flotation, VAT, and rising cost of borrowing in H2 of FY 2016/2017
Fall of Brent price pushes Petroleum Ministry to halt tender for new oil exploration
The price of Brent on international markets recorded $34.4 on Wednesday and reached a maximum of $45 in November.
January trade deficit down by 20.7% year-on-year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
$6bn foreign company investments in FY 2015/2016: El Molla
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
Effect of oil prices to reflect on Q3 2014/2015: Osama Kamal
Brent crude oil decline to $50 per barrel
Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn
Fuel oil, which is supplied into markets, is currently not subsidised, says expert
Brent rises on tight supply; heating oil gains
US oil fell, pressured by weak manufacturing data attributed to the cold winter weather. That data overshadowed steady consumer sentiment.
Oil prices rise on violence in Egypt
US benchmark West Texas Intermediate for September delivery rose 48 cents to $107.33 a barrel on the New York Mercantile Exchange
Oil prices rise with Israel-Syria tensions
Brent crude futures up in both London and New York