Skip to main content
Skip to footer
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
The gas field contains economically viable quantities of gas, according to the Sharjah Petroleum Council
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
Brent futures rose by $2.63, reaching $89.74 per barrel
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions
Brent oil futures fell 0.1 percent to $89.89 per barrel
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
Investors await consumer price index data from U.S. and China later this week
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
China and U.S. demand boost prices amid Middle East conflict
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Market concerns rise as major producers hold output policy steady
Survey highlights key themes driving strategic decision-making across the industry
The country is taking steps to align fuel prices with international markets
