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[size=35][size=35]Oil prices fall as supply shortage continues[/size]
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2022-07-04 | 02:31
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Alsumaria news - Follow-up
Brent crude futures were down 35 cents, or 0.3 percent, at $111.28 a barrel at 0016 GMT, having jumped 2.4 percent on Friday.
Likewise, US West Texas Intermediate crude futures fell 32 cents, or 0.3 percent, to $108.11 a barrel, after rising 2.5 percent on Friday.
While fears of a recession have weighed on the market over the past two weeks, supply concerns remain, preventing a sharp decline in prices.
The [url=https://www.alsumaria.tv/Entity/672457766/%D8%A7%D9%84%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9 %D8%A7%D9%84%D9%84%D9%8A%D8%A8%D9%8A%D8%A9 %D9%84%D9%84%D9%86%D9%81%D8%B7/ar/]Libyan National Oil Corporation[/url] said last week that [You must be registered and logged in to see this link.]'s exports fell to between 365,000 barrels per day and 409,000 barrels per day, a decrease of about 865,000 barrels per day compared to normal levels.
In another blow to supplies, a planned strike by Norwegian oil and gas workers this week could cut the country's oil and condensate production by 130,000 barrels per day.
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Economie
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2022-07-04 | 02:31
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551 views
Alsumaria news - Follow-up
Oil prices fell in early Asian trading on Monday, paring its gains from the previous session, as fears of a global recession affected the market at a time when supply shortages continued amid lower OPEC production, unrest in Libya and sanctions against Russia.
Brent crude futures were down 35 cents, or 0.3 percent, at $111.28 a barrel at 0016 GMT, having jumped 2.4 percent on Friday.
Likewise, US West Texas Intermediate crude futures fell 32 cents, or 0.3 percent, to $108.11 a barrel, after rising 2.5 percent on Friday.
While fears of a recession have weighed on the market over the past two weeks, supply concerns remain, preventing a sharp decline in prices.
The [url=https://www.alsumaria.tv/Entity/672457766/%D8%A7%D9%84%D9%85%D8%A4%D8%B3%D8%B3%D8%A9 %D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9 %D8%A7%D9%84%D9%84%D9%8A%D8%A8%D9%8A%D8%A9 %D9%84%D9%84%D9%86%D9%81%D8%B7/ar/]Libyan National Oil Corporation[/url] said last week that [You must be registered and logged in to see this link.]'s exports fell to between 365,000 barrels per day and 409,000 barrels per day, a decrease of about 865,000 barrels per day compared to normal levels.
In another blow to supplies, a planned strike by Norwegian oil and gas workers this week could cut the country's oil and condensate production by 130,000 barrels per day.
[You must be registered and logged in to see this link.]
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