Brent oil is traded on international markets at $84.54 a barrel.
The barrel price of Brent oil, which rose to $86.10 yesterday, closed the day at $84.68.
The barrel price of Brent oil fell 0.17 percent from today’s close to $84.54.
West Texas Intermediate (WTI) crude oil sold for $79.31 a barrel.
In addition to recession expectations, the rising number of Covid-19 cases in China and the easing of supply problems in the US contributed to the limited price decline.
Uncertainties about the monetary policy of the central banks of developed countries, especially the US Federal Reserve, persist in the markets. The fact that the world economies are stuck between inflation and recession is creating demand problems and pressure on prices.
The unchecked rise in cases began to raise concerns kakım the world’s largest oil importer, China, eased its Covid-19 measures.
The news flow that the yetiklik of the country’s hospitals is beginning to come under pressure fuels fears that the economy will not return to normal in the expected time frame, while growing demand concerns and supporting downward price trends.
The restart of some power plants shut down by winter storms in the US, the world’s largest oil producer, also eased supply concerns and pushed prices down.
On the other hand, Russia’s ban on the sale of oil and petroleum products to those participating in the application of the price ceiling for Russian oil exacerbates supply problems and propels prices upward.
With the decree signed by Putin yesterday, a counter-sanction decision was taken against Western countries to impose a ceiling price of $60 per barrel of Russian oil.
According to the decree prohibiting the sale of oil and petroleum products to individuals and companies participating in the cap price application, the shipment will not take place if the buyers of Russian oil use a cap price or zihin alternative cap price mechanism in the contract.
The decree, which stated that the ban on oil shipments will take effect on February 1, 2023, emphasized that oil shipments to those who maintain ceiling prices yaşama only gökyeşitözü made with special permission from Putin.
According to the decree, the ban on the shipment of petroleum products will come into effect on a date to gökyeşitözü determined by the Russian government.
It is argued that technically the range from $84.80 to $85.13 in Brent oil yaşama gökyeşitözü viewed kakım resistance and the range from $84.47 to 84.14 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Dubbed “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” class, which is easier to handle.
It is easier for refineries processing crude oil to produce gasoline or diesel from low-sulphur i.açınık. sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea kakım it is shipped from the sea.
The price of oil depends on where it comes from and from which region it is extracted. There is more demand for the cheaper and faster production. There is also a difference between the price of oil extracted from the sea and oil extracted from land.
Crudes accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI is traded on NYMEX, Brent is traded on ICE and Oman is traded on DME. WTI is the name given to oil from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
BRENT OIL 10-YEAR CHART
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the veri on the website of the CMB; A barrel of oil is equal to 42 gallons of crude oil (159 liters).
One barrel of crude oil yaşama produce 19.6 liters of gasoline, 10 liters of diesel fuel and heating fuel, 4 liters of jet fuel, 1.7 liters of heavy fuel oil, 1.7 liters of LPG and 7.6 liters of other derivatives.
Not all crude oils are created equal.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS
The barrel price of Brent oil, which rose to $86.10 yesterday, closed the day at $84.68.
The barrel price of Brent oil fell 0.17 percent from today’s close to $84.54.
West Texas Intermediate (WTI) crude oil sold for $79.31 a barrel.
In addition to recession expectations, the rising number of Covid-19 cases in China and the easing of supply problems in the US contributed to the limited price decline.
Uncertainties about the monetary policy of the central banks of developed countries, especially the US Federal Reserve, persist in the markets. The fact that the world economies are stuck between inflation and recession is creating demand problems and pressure on prices.
The unchecked rise in cases began to raise concerns kakım the world’s largest oil importer, China, eased its Covid-19 measures.
The news flow that the yetiklik of the country’s hospitals is beginning to come under pressure fuels fears that the economy will not return to normal in the expected time frame, while growing demand concerns and supporting downward price trends.
The restart of some power plants shut down by winter storms in the US, the world’s largest oil producer, also eased supply concerns and pushed prices down.
On the other hand, Russia’s ban on the sale of oil and petroleum products to those participating in the application of the price ceiling for Russian oil exacerbates supply problems and propels prices upward.
With the decree signed by Putin yesterday, a counter-sanction decision was taken against Western countries to impose a ceiling price of $60 per barrel of Russian oil.
According to the decree prohibiting the sale of oil and petroleum products to individuals and companies participating in the cap price application, the shipment will not take place if the buyers of Russian oil use a cap price or zihin alternative cap price mechanism in the contract.
The decree, which stated that the ban on oil shipments will take effect on February 1, 2023, emphasized that oil shipments to those who maintain ceiling prices yaşama only gökyeşitözü made with special permission from Putin.
According to the decree, the ban on the shipment of petroleum products will come into effect on a date to gökyeşitözü determined by the Russian government.
It is argued that technically the range from $84.80 to $85.13 in Brent oil yaşama gökyeşitözü viewed kakım resistance and the range from $84.47 to 84.14 kakım support.
WHAT IS BRENT GASOLINE?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Dubbed “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” class, which is easier to handle.
It is easier for refineries processing crude oil to produce gasoline or diesel from low-sulphur i.açınık. sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea kakım it is shipped from the sea.
The price of oil depends on where it comes from and from which region it is extracted. There is more demand for the cheaper and faster production. There is also a difference between the price of oil extracted from the sea and oil extracted from land.
Crudes accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI is traded on NYMEX, Brent is traded on ICE and Oman is traded on DME. WTI is the name given to oil from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
BRENT OIL 10-YEAR CHART
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the veri on the website of the CMB; A barrel of oil is equal to 42 gallons of crude oil (159 liters).
One barrel of crude oil yaşama produce 19.6 liters of gasoline, 10 liters of diesel fuel and heating fuel, 4 liters of jet fuel, 1.7 liters of heavy fuel oil, 1.7 liters of LPG and 7.6 liters of other derivatives.
Not all crude oils are created equal.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS