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[size=35][size=35]Oil prices are witnessing a slight decline[/size]
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2022-08-15 | 01:31
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Alsumaria News - Economy
Brent crude futures were down 27 cents, or 0.3 percent, at $97.88 a barrel by 0034 GMT, after a 1.5 percent drop on Friday. US West Texas Intermediate crude reached $91.87 a barrel, down 22 cents, or 0.2 percent, after a 2.4 percent drop in the previous session.
Amin Al-Nasser, CEO of[url=https://www.alsumaria.tv/Entity/137193/%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Aramco Saudi Arabia[/url]Reporters on Sunday said the company is ready to increase its crude oil production to its maximum capacity of 12 million barrels per day if the Saudi government requests it.
He added, "We are confident in our ability to increase our production to 12 million at any time the need arises, or at the invitation of the government or the Ministry of Energy to increase our production."
Oil prices rose more than 3 percent last week after damage to a pipeline disrupted production at several offshore platforms in the Gulf of Mexico.
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A port official said[You must be registered and logged in to see this link.], producers moved to reactivate some of the stalled production after repairs were completed late Friday.
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2022-08-15 | 01:31
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Alsumaria News - Economy
Oil prices fell for the second session, today, Monday, after the CEO of Saudi Aramco, the largest exporter in the world, said that the company was ready to increase production, at a time when production resumed in many platforms. The US Navy is in the Gulf of Mexico after a brief break last week.
Brent crude futures were down 27 cents, or 0.3 percent, at $97.88 a barrel by 0034 GMT, after a 1.5 percent drop on Friday. US West Texas Intermediate crude reached $91.87 a barrel, down 22 cents, or 0.2 percent, after a 2.4 percent drop in the previous session.
Amin Al-Nasser, CEO of[url=https://www.alsumaria.tv/Entity/137193/%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Aramco Saudi Arabia[/url]Reporters on Sunday said the company is ready to increase its crude oil production to its maximum capacity of 12 million barrels per day if the Saudi government requests it.
He added, "We are confident in our ability to increase our production to 12 million at any time the need arises, or at the invitation of the government or the Ministry of Energy to increase our production."
Oil prices rose more than 3 percent last week after damage to a pipeline disrupted production at several offshore platforms in the Gulf of Mexico.
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A port official said[You must be registered and logged in to see this link.], producers moved to reactivate some of the stalled production after repairs were completed late Friday.
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