Report

rss

Iraq News

Kurdistan

Economy

World

All News

Oil Barrels with triple figure price tags in sight

Category: Economy

Date: 2022-01-18T11:11:30+0000
Oil Barrels with triple figure price tags in sight

Shafaq News/ The fears over supply disruptions following the attack waged by Yemen's Houthi group in the United Arab Emirates has contributed to the surge in oil prices to an unprecedented levels since 2014.

Brent crude is up by 13% in 2022 at $88 a barrel, reflecting signs that the Omicron variant won’t have a long-lasting impact on fuel demand.

It means that Brent and its West Texas Intermediate equivalent are both at their highest level since October 2014.

The focus is now on whether OPEC+ can deliver the 400,000 barrels a day increase it has promised each month.

related

Iraq's financial revenues from oil exports exceeded $ 3 billion in November

Date: 2020-12-01 12:41:59
Iraq's financial revenues from oil exports exceeded $ 3 billion in November

Iraq ranks fifth among 15 countries that control the world's oil 

Date: 2021-09-07 07:48:43
Iraq ranks fifth among 15 countries that control the world's oil 

Oil rises as OPEC+ decides on production policy

Date: 2021-04-02 08:35:10
Oil rises as OPEC+ decides on production policy

Oil hits seven-year highs as rally extends to a 7th week

Date: 2022-02-05 06:38:21
Oil hits seven-year highs as rally extends to a 7th week

Iraq's oil minister: KRG mismanages the oil wealth

Date: 2022-05-07 19:28:42
Iraq's oil minister: KRG mismanages the oil wealth

The Ministry of Oil issues SOMO statistics for September 

Date: 2021-10-01 14:55:10
The Ministry of Oil issues SOMO statistics for September 

Oil rebounds recovering from a two-month low

Date: 2021-07-21 11:50:52
Oil rebounds recovering from a two-month low

Security concerns warding off investors in Al-Mansouriya fields, Minister of Oil says

Date: 2021-02-17 13:17:01
Security concerns warding off investors in Al-Mansouriya fields, Minister of Oil says