Nigeria is losing $1,000 per barrel of crude oil it exports due to a lack of refining capacity, highlighting the challenges facing the country's oil industry.
Oil prices In early July, the U.S. price for crude traded at around $83 per barrel, according to AAA. Since then, the price has dropped 8%. The biggest weekly drop happened last week when oil prices fell nearly $3 per barrel. "Friday's closing ...
‘Ample supply, slow demand to temper oil price gains in 2025’ –Brent price forecast cut for an eighth straight month-poll – Brent prices set for second straight… December 31, 2024 Navy deactivates 468 illegal refineries December 31, 2024 ...
My expectation under a scenario where there is a peak in 2025 with perhaps an undulating plateau from 2023 to 2028 (peak year could really be any year in this range) is that oil prices will rise quite a bit maybe rising to $175 per barrel as the price will serve to ration oil to it...
The U.S. price for crude oil has dropped over the last four weeks. During that time, the price of oil fell about $10 per barrel. Friday's closing price was $73.52 per barrel, according to AAA. That's the lowest daily closing price since June 4. "Futures prices re...
The Brent crude oil price crashed below a key support level as the market reflects on the latest OPEC+ news and US manufacturing activity. Brent tumbled to a low of $77.10 on Tuesday, its lowest swing since February 5th. It has fallen by almost 7% in the past 30 days and by 0.6% thi...
I startedwriting about oil producers complaining that oil prices were too lowin early 2014. At that time, oil companies were looking back at prices of over $100 per barrel in 2013. They were saying that $100+ prices were too low to provide adequate funds for reinvestment in new fields. ...
At the time of writing, the price of West Texas Intermediate crude oil was $69.28 per barrel, up 0.8% from the previous close. Brent crude on… November 29, 2024 Interview: Gasoline demand in China may peak in 2025, says Vortexa’s Emma Li Crude oil demand in China has been a ...
The G-7 countries and Australia reached a consensus to set the maximum price of seaborne Russian crude oil at $60 per barrel, according to a joint statement. The announcement followed the European Union’s agreement to cap the price of Russian oil at the same price. ...
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