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Oil Drops to Four-Month Low Market Fears Recession

15 March 2023
by EDITORIAL DESK
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The ongoing banking crisis in the United States contributes to oil market fear. Oil prices ended sharply lower on Tuesday, at their lowest in four months, operators still concerned about…

Saudi Aramco to Raise Oil Production

21 March 2022
by EDITORIAL DESK
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The world’s biggest oil exporter says years of underinvestment in the sector threaten global energy security. In response to the American demand to increase production, putting pressure on Russia, the…

Oil Reached $ 113 A Barrel OPEC Increased Supplies

02 March 2022
by EDITORIAL DESK
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Today, Wednesday, oil prices recorded a new rise, as the price of Brent crude reached the threshold of 113 dollars a barrel, while the price of West Texas Intermediate crude…

Some Industries Shifting from Gas to Oil Prices Rise

08 October 2021
by EDITORIAL DESK
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Oil prices rose on Friday, heading for an increase of 4.5% during the week, as a result of indications that some industries have started to switch from using high-priced gas…

Will Oil Rise to 74 US Dollars

19 April 2021
by EDITORIAL DESK
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The global crude oil inventory is accelerating to decline, the oil will rise to 74 US dollars? Media reported that the large amount of crude oil inventories accumulated during the…

Oil Recovers The Day After A Dip

20 March 2021
by EDITORIAL DESK
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Oil prices ended the week on the rise on Friday the day after a nightmarish session where fears around demand and black gold inventory levels brutally punished the optimism that…

Markets at the End of the Week

20 June 2020
by EDITORIAL DESK
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The Standard & Poor’s 500 index closed lower on Friday after a volatile session as investors took into account increased cases of Covid-19 and Apple’s announcement to close new stores,…

Oil Continues to Lose Value

22 April 2020
by EDITORIAL DESK
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June futures for WTI American oil are rapidly losing value, on Tuesday the price at the auction reached $ 6.55 per barrel, the price of Brent fell to $ 17.52…

The Price of Brent Crude Oil Fell Below $ 28 Per Barrel

18 March 2020
by EDITORIAL DESK
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Hülya Karahan: Production Editor istanbulpostcomtr@gmail.com The price of Brent crude oil fell below $ 28 per barrel for the first time since January 2016. The price of May futures for…

Oil Prices Fall by 30% in One Day

09 March 2020
by EDITORIAL DESK
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Hülya Karahan: Production Editor istanbulpostcomtr@gmail The three-year OPEC + production reduction agreement led by the Organization of Petroleum Exporting Countries (OPEC) led by Saudi Arabia and Russia and other…

Venezuelan Footprint in Chinese Oil Imported Cargoes

05 January 2020
by EDITORIAL DESK
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Analysts and traders explaining the abnormal growth in Chinese oil imports from Malaysia say the oil is either derived from ship-to-ship shipments from Venezuela or blended with Venezuelan crude. While…

Global Markets on Friday Faced a Sharp Rise in Gold and Oil Prices

03 January 2020
by EDITORIAL DESK
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Hülya Karahan: Production Editor istanbulpostcomtr@gmail.com In the wake of the US act of the killing of the powerful Iranian general Qassim Suleimani affected global markets on Friday faced a sharp…